The Business of Chemistry by the Numbers
Nearly all manufactured goods are touched by the business of chemistry. Chemistry is essential to our economy & plays a vital role in the creation of ground-breaking products that make our lives and our world healthier, safer, more sustainable and more productive.
$517
Billion generated annually by the business of chemistry
25%+
Of the U.S GDP is supported by the business of chemistry
$31
Billion in capital investments were made in the business of chemistry in 2021, including investments in structures and equipment
537K
Skilled, good-paying American jobs are provided by the business of chemistry
$92K
Is the average annual pay in the business of chemistry which is 20% higher than the average manufacturing pay
4.2
Million jobs are created by the business of chemistry. For every one of these jobs created, 6.8 are generated elsewhere in the economy
10%
Of U.S. goods exports come from the business of chemistry, $153 billion in 2021, and this industry is among the largest exporters in the U.S.
38%
Of the total construction spending by the U.S. manufacturing sector in 2021 involved the business of chemistry
$11
Billion plus invested in research and development by chemical companies in 2021
992
Million tons of products were transported in 2021, making the business of chemistry one of the country’s largest shippers
11%
Of chemicals are produced by the U.S., the world’s second largest producer
