Organic Chemical Manufacturing in the US
The Organic Chemical Manufacturing industry has experienced significant economic challenges over the five years to 2018. Industry exports have declined consistently from 2013 to 2016, as lower industrial and manufacturing activity from emerging economies such as China led to depressed demand for organic chemicals produced by this industry. Moreover, declining organic chemical prices further pressured industry revenue, especially in 2014 and 2015.Over the next five years to 2023, economic growth is expected to cause many of the industry's customers to increase their production levels as consumer spending rises. Demand from key buying industries will expand, driven by higher domestic consumer consumption and manufacturing output.
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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