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ACC Publishes 2021 Comprehensive Economic Profile of the Business of American Chemistry

Patrick Hurston

WASHINGTON (August 25, 2021) – The American Chemistry Council (ACC) has published the 2021 edition of the Guide to the Business of Chemistry, a comprehensive economic profile of the U.S. chemistry industry and its contributions to the domestic and global economies.

American chemistry is the world’s second-largest producer, providing 13% percent of its chemicals and over 9% of all U.S. goods exports. It is one of America’s largest manufacturing industries, a $486 billion enterprise providing 529,000 skilled, high-paying jobs. For every chemistry industry job, 6.8 jobs are generated elsewhere in the economy, totaling more than 4.1 million chemistry-dependent jobs. Building and construction, automotive, electronics, and agriculture are among the many sectors that rely on the chemistry industry.

“In addition to supporting efforts to combat COVID-19, the products of chemistry enable higher living standards and help meet the needs of a growing global population.” said Kevin Swift, chief economist at ACC. “Innovation into materials, applications and processes is key to advances in human development, and the U.S. chemical industry is helping to expand frontiers, investing more than $10 billion in research and development activities last year alone.” 

Prepared annually by ACC’s Economics and Statistics Department, the Guide to the Business of Chemistry divides the U.S. chemical industry into more than 30 categories of production, ranging from inorganic chemicals to plastic resins, adhesives and sealants to oilfield chemicals, and fertilizers to consumer products. Within each segment, the report highlights distinct characteristics including growth dynamics, markets, new developments, and other issues affecting each sector.

Individual sections of the guide cover a variety of topics in detail. These include financial performance; U.S. and global trade; innovation; capital investment; employment; environmental, health and safety statistics; energy; and distribution. Charts and graphs illustrate data and provide comparisons with the past several years.

The 2021 Guide to the Business of Chemistry is available on ACC’s website. The Guide along with comprehensive data tables dating back to 1990 may be purchased through the ACC Store. The Guide and data are available to ACC members at no cost through ACC’s MemberExchange.

American Chemistry Council

The American Chemistry Council (ACC) represents the leading companies engaged in the business of chemistry. ACC members apply the science of chemistry to make innovative products and services that make people's lives better, healthier and safer. ACC is committed to improved environmental, health and safety performance through Responsible Care®; common sense advocacy designed to address major public policy issues; and health and environmental research and product testing. The business of chemistry is a $486 billion enterprise and a key element of the nation's economy. It is among the largest exporters in the nation, accounting for ten percent of all U.S. goods exports. Chemistry companies are among the largest investors in research and development. Safety and security have always been primary concerns of ACC members, and they have intensified their efforts, working closely with government agencies to improve security and to defend against any threat to the nation’s critical infrastructure.

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