MATURITY IN THE PETROCHEMICAL INDUSTRY FEATURES, MOTIVES & C

ABSTRACT
Petrochemicals give the highest value from crude oil and natural gas but
suffers from maturity like any other business. Petrochemicals companies are
promoting their business in the direction from oil & gas commodities.
Specialities and life science. Reasons of maturity are expired patents, low
demand, over capacity, intense competition. Actions to combat maturity are to
restructure capacity achieving mega sizes, do downstream, and restructuring
business practices. Strategies followed by some companies to combat maturity
include exit, focus on core business and exploit a competitive advantage.

MATURITY IN THE PETROCHEMICAL INDUSTRY FEATURES, MOTIVES & C