Weakened global economic growth and industrial/manufacturing production impacting demand for specialty chemicals in key end markets like automotive and construction.

Volatility in raw material prices, such as petrochemicals, and escalating energy costs, which directly affect production expenses and profit margins for specialty chemical companies.

Ongoing supply chain disruptions, geopolitical tensions (e.g., Middle East conflict), and evolving trade policies, influencing logistics, investment decisions, and international trade volumes.