The science and materials of chemistry make the lives of Americans and others throughout the world safer, healthier and more productive. Indeed, our food, safe water supply, clothing, shelter, health care, computer technology, transportation and every other facet of modern life, all depend upon the business of chemistry.
industry facts
| Chemistry Industry Facts | |
| Business of Chemistry Summary |
business of chemistry segments
jobs and wages
state
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Though the business of chemistry is worldwide in scope, the bulk of the world’s $3.7 trillion chemical output is accounted for by only a handful of industrialized nations. The United States alone produced $689 billion, 18.6 percent of the total world chemical output in 2008.
trade
The increase in world chemical production has brought with it an even larger increase in international chemical trade. Chemicals are now manufactured in many production locations around the globe, and prices for chemicals are generally set by global supply and demand. The international trade of chemicals reflects an intensely competitive struggle for markets by the producers in an increasingly global industry.
energy
The business of chemistry is energy-intensive. This is especially the case for basic chemicals as well as certain specialty chemical segments (e.g., industrial gases). It relies upon energy inputs not only for fuel and power for its operations, but also as raw materials in the manufacture of many of its products. For example, oil and natural gas are raw materials (termed “feedstocks”) for the manufacture of organic chemicals.
investment
chemical chains
Provides an overview of some key parts of the production chain of the business of chemistry for nine building block chemicals.
industry profile links
Business of Chemistry: Situation and Outlook
Gain insight into the short-term industry outlook with this semi-annual report issued in June and December.
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CHEMISTRY TRENDS Economic Data Service
Complete access to ALL American Chemistry Council economic data products is now available through the new CHEMISTRY TRENDS Economic Data Service.
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U.S. Short Term Indicators
This monthly report provides comprehensive historical data from 1987 to the present covering the business of chemistry and macroeconomic topics.
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Global Short Term Indicators
The Global STI is a monthly index measuring production of the business of chemistry on a regional and global basis.
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