In November, global chemical production capacity rose 0.1 per cent month-on-month and 2.2 per cent year-on-year. Capacity utilisation in the global chemical industry rose 1.5 percentage points to 82.9 per cent as output increased. This is up from 81.7% in October and the pre-outbreak peak in December 2019, but below the average capacity utilization rate of 86.5% for the 1987-2017 period.
In each segment of the chemical industry, November results were positive, with production growth in all segments. However, compared with the same period last year, the production of most of the segmented industries increased, including plastic resins, synthetic rubber, man-made fibers, bulk petrochemical products and organic chemicals, inorganic chemicals, other specialty products, agricultural chemicals and consumer chemicals production increased, but the production of paint industry contracted.
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