Chemical companies are also expected to have faced margin pressure, resulting from raw material cost inflation as well as supply-chain and freight transportation disruptions. However, a slowdown in certain markets, including consumer durables and building & construction and customer inventory destocking are likely to have played spoilsport. The companies in this space that have reported December-quarter results so far have witnessed volume pressure from demand slowdown partly due to COVID-related impacts in China and the slowdown in Europe, customer destocking and continued headwinds from supply-chain challenges, and input and energy cost inflation.