The Zacks Chemicals Diversified industry is plagued by sluggish demand in certain markets, including consumer durables and building & construction, and some residual impacts of consumer inventory destocking. Lower consumer spending due to inflationary pressures in Europe and a slow recovery in China are impacting demand. Industry players like DuPont de Nemours, Inc. ( DD - Free Report ), FMC Corporation ( FMC - Free Report ) and Cabot Corporation ( CBT - Free Report ) are banking on strategic measures, including operating cost reductions and aggressive price hikes, to tide over the challenging environment.