BASF CEO Says China to Make up 50% of Global Chemical Market in 2030

The video discusses global economic challenges, particularly trade tensions affecting markets. It highlights the impact on the materials industry, with a focus on BASF's strategic investments in China, including a $10 billion project in Guangdong. The discussion extends to the EV market and battery materials, emphasizing BASF's commitment to innovation and long-term growth. BASF's growth strategy involves restructuring and digitalization to stay competitive.

What industry was the first to be affected by the trade tensions according to the materials company?

• Textile industry

• Automotive industry

• Pharmaceutical industry

• Technology industry

What is the company's growth forecast for the year despite the trade tensions?

• 1% to 10%

• 10% to 20%

• 5% to 15%

• 0% to 5%

How long has the company been operating in China?

• 50 years

• 100 years

• 200 years

• 134 years

What percentage of the global chemical market is expected to be in China by 2030?

• 30%

• 50%

• 40%

• 60%

What is the expected market size for EV battery materials by 2025?

• €20 billion

• €15 billion

• €10 billion

• €25 billion

Which regions are already established in the company's EV battery production?

• Japan and the US

• Australia and South America

• Europe and Africa

• China and India

What is the company's strategy regarding the type of materials they want to focus on in China?

• Basic raw materials

• Cheap commercial materials

• Recycled materials

• Sophisticated innovative materials