Data collected and tabulated by the American Chemistry Council show that global chemicals production in the second quarter 2019 is improving, increasing by 0.4% in May and following a 0.3% gain in April. During May, chemical production increased everywhere but Europe. Headline global production was up 1.6% year-over-year on a 3MMA basis and stood at 117.6% of its average 2012 levels.
Among chemical industry segments, May results were mixed on a product basis, with gains in bulk petrochemicals and organics, synthetic rubber, manufactured fibers, coatings and other specialties offset by weakness in agricultural chemicals consumer products, inorganic chemicals, and plastic resins. Considering year-earlier comparisons, growth was strongest in manufactured fibers followed by synthetic rubber, bulk petrochemicals and organics, coatings, and plastic resins.