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WASHINGTON (December 2, 2019) – Data collected and tabulated by the American Chemistry Council (ACC) show that global chemicals production fell 0.2 percent in October, a slower pace of decline than the 0.5 percent drop in September. During October, chemical production increased in North America, Latin America, the Former Soviet Union and Africa and the Middle East and fell in Europe and Asia Pacific. Headline global production was up 1.1 percent year-over-year (Y/Y) on a three-month moving average (3MMA) basis and stood at 117.3 percent of its average 2012 levels.

During October, global capacity rose by 0.2 percent and was up 3.5 percent Y/Y. As a result, capacity utilization in the global chemical industry fell 0.3 points, to 81.6 percent. This is down from 83.5 percent last October and below the long-term (1987-2017) average of 86.4 percent.

Among chemical industry segments, October results were mixed, with synthetic rubber, manufactured fibers, and coatings showing gains. Production was soft in other segments. Considering year-earlier comparisons, growth was strongest in synthetic rubber, followed by manufactured fibers, plastic resins, other specialties, and coatings.

ACC’s Global CPRI measures the production volume of the chemical industry for 33 key nations, sub-regions, and regions, all aggregated to the world total. The index is comparable to the Federal Reserve Board (FRB) production indices and features a similar base year where 2012=100. This index is developed from government industrial production indices for chemicals from more than 65 nations accounting for about 98 percent of the total global chemical industry. This data set is the only timely source of market trends for the global chemical industry and is comparable to the U.S. CPRI data, a timely source of U.S. regional chemical production.

Global CPRI Dec 2019 

Global CPRI Dec 2019 ii

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