Organic Chemical Manufacturing in Illinois
The Organic Chemical Manufacturing industry in Illinois is expected to decrease over the five years to 2017. The industry primarily manufactures chemicals that are used as raw materials in industries such as plastic, paint and adhesive manufacturing. Overall, industry revenue is anticipated to decrease at an annualized rate of 5.0% to $9.8 billion over the five years to 2017. Over the next five years, an expected rebound in manufacturing activity along with continued growth in construction activity will cause many of the industry's customers to increase their production levels. Furthermore, as consumer spending rises strongly in the state, operators will benefit from additional demand for its products in the state. Consequently, over the five years to 2022, IBISWorld estimates industry revenue to grow at an annualized rate of 1.6% to $10.6 billion.
This industry manufactures basic organic chemicals (other than petrochemicals), industrial gases and synthetic dyes and pigments. Key product groups include gum and wood products, cyclic crudes and intermediates, ethyl alcohol and other basic organic chemicals. These products are predominantly intermediates that are used as raw material inputs by other manufacturing industries in the production of downstream 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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