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.
The Business of Chemistry by the Numbers
$639
Billion generated annually by the business of chemistry
25%+
Of the U.S GDP is supported by the business of chemistry
$25
Billion in capital investments were made in the business of chemistry in 2022, including investments in structures and equipment
555K
Skilled, good-paying American jobs are provided by the business of chemistry
$97K
Is the average annual pay in the business of chemistry which is 22% higher than the average manufacturing pay
4.1
Million jobs are created by the business of chemistry
10%
Of U.S. goods exports come from the business of chemistry, $179 billion in 2022, and this industry is among the largest exporters in the U.S.
26%
Of the total construction spending by the U.S. manufacturing sector in 2022 involved the business of chemistry
$13
Billion plus invested in research and development by chemical companies in 2022
1
Billion tons of products were transported in 2022, making the business of chemistry the country’s largest shippers
11%
Of chemicals are produced by the U.S., the world’s second largest producer
