The basic materials sector, which supports a wide range of industries and companies, faced challenges amid the worst of the COVID-19 pandemic due to supply chain bottlenecks and high inflation. However, the construction of roads, bridges, and buildings, and the rise in the sale of electric vehicles (EVs), should help the basic materials sector rebound this year.
The basic materials sector experienced average revenue growth of 27.2% year-over-year in the fourth quarter of 2021. An improving global economy, clean-energy drive, and infrastructure spending should support the sector’s growth.
