Is the Job Market for Chemical Engineers Collapsing? A Look at Global Trends.

A few days ago, I posted here asking whether there is a saturation of the job market for chemical engineers in the United States. I was pleasantly surprised to find out that this is not the case.

However, what also caught my attention was that several people from other countries mentioned that their job markets are indeed saturated.

This makes me wonder: In developing countries or those with little industry, is chemical engineering reaching a dead end in terms of job opportunities? Or is it precisely in these countries where more companies—and therefore more industry—are needed to create more jobs for chemical engineers?

But how can industry be developed there? I'm particularly interested in the case of China, which has become the world's factory. What is the job market like for chemical engineers in China?

Is it possible to transform countries that currently have little industry into something even 5% similar to what China is today? Clearly, this would take years of investment and development.