The global Chemical value chains are quite integrated with over 35 per cent of the Chemical GDP across the world is traded. The trade intensity steadily increased from 29 per cent to 38 per cent between 2002 and 2009. This period also saw China emerging as the largest trader and exporter of chemicals. The trade intensity has slightly declined from peak of 2009. With COVID-19 effects and negative sentiment towards sourcing from China, Primus Partners expects the trade intensity to drop.