11152018Thu
Last updateThu, 15 Nov 2018 4pm

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End-User News

Positive Outlook Projected for U.S. Chemical Industry

Following a mixed year in 2017, the foundation is set for better performance by the U.S. chemical industry in 2018, according to the American Chemistry Council’s (ACC) Mid-Year 2018 Chemical Industry Situation and Outlook. Strong global growth prospects, rising exports, an upswing in manufacturing, balanced chemical inventories, healthy demand from end-use markets and favorable shale gas economics are among the factors suggesting positive growth for this year.

The U.S. chemical industry continues to enjoy a competitive advantage from robust supplies of shale gas and natural gas liquids (NGLs), leading to significant investment in new capacity and capital spending that will continue to grow through 2023. 

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