Chemical Product Manufacturing in the US
Although the Chemical Product Manufacturing industry is highly fragmented and diverse, it comprises a significant part of the US chemical sector. Over the five years to 2018, industry revenue is expected to fall slightly. However, an increase in crude oil prices over the past two years will help operators raise selling prices. Chemical manufacturers rely heavily on downstream demand from the manufacturing sector, especially from automotive and appliance industries. Manufacturing activity in several key end markets has slowed down over the past two years. International trade also plays a significant role in this industry. Declining demand for certain chemicals and lower production costs abroad pressured some operations to consolidate. Over the five years to 2023, industry revenue is expected to remain relatively flat. Manufacturing levels are forecast to rise in markets such as household parts and construction materials, boosting demand for chemicals needed in downstream production.
Operators in this industry manufacture a diverse range of chemical products. Key activities include custom-compounding of plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom-compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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