02182020Tue
Last updateTue, 18 Feb 2020 8pm

End-User News

Chemical Industry Outlook: Slower Growth Amid Near-Term Headwinds

U.S. chemical production expanded at a slower pace in 2019 due to trade challenges and slower growth in several key end-use markets for chemistry, according to the American Chemistry Council’s (ACC) Year-End 2019 Chemical Industry Situation and Outlook. Weakness in global manufacturing and uncertainty in trade policy will further moderate U.S. chemicals output growth in 2020. On the other hand, output from new capacity linked to the shale gas advantage will provide tailwinds.

Total U.S. chemicals trade is projected to contract by 3% to $242 billion in 2019, then recover by 1% in 2020. Exports will fall 2.5% to $137 billion in 2019 before expanding by 1.1% to $138 billion in 2020. U.S. chemicals imports will fall 3.9% in 2019, to $105 billion.

Subscribe VMWNT20FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products