The American Chemistry Council (ACC) reported that U.S. specialty chemicals market volumes regained momentum, increasing 0.4% in February after only a 0.1% gain in January. All changes in the data are reported on a three-month moving average (3MMA) basis. Of the twenty-eight specialty chemical segments ACC monitors, twenty-one expanded in February and seven experienced decline. During February, large market volume gains (1.0% and over) occurred in food additives, mining chemicals, oilfield chemicals and textile specialties.
The overall specialty chemicals volume index was up 5.1% on a year-over-year (Y/Y) 3MMA basis. The index stood at 113.1% of its average 2012 levels.