(Reuters) -Chemicals maker Celanese forecast third-quarter profit below estimates on Monday, anticipating waning demand across most of its key markets in the second half of the year, sending its shares down 14.6% in extended trading.

The chemical industry has been struggling with higher energy costs, as well as weak demand and prices, especially in the European markets where strict regulations have further raised the cost of manufacturing.

U.S. President Donald Trump’s erratic trade policy has added to the uncertainty in the industry.

The company, which makes chemical products used in coatings, paints and pharmaceutical products and polymers, projected adjusted profit of $1.10 to $1.40 per share in the third quarter.

Analysts on average were expecting $1.73 per share, according to data

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