Chemical industry in the UK
UK chemical exports In 2021, the value of chemicals exported by the UK to the United States amounted to nearly 12 billion U.S. dollars, making the North American country the UK's largest trade ...
The future of chemicals in Japan | McKinsey
The recent TSR performance of Japanese chemical companies has largely been driven by plateaued ROIC and revenue growth. In fact, the Japanese chemical industry has shown a negative revenue CAGR of 0.32 percent over the past ten years, which is 3.9 percent below the global chemical industry and 2.3 percent below the global specialty chemical …
Mid-Year Outlook: A Good Year for US Chemistry Despite …
Despite ongoing supply chain constraints, the U.S. chemical industry expects to deliver solid growth this year as it benefits from inventory rebuilding, steady demand across many end-use industries, and a continued competitive advantage in natural gas-based chemistries, according to the American Chemistry Council's (ACC) Mid-Year 2022 Chemical Industry …
Chemical industry
The chemical industry consists of the companies that produce industrial chemicals. This industry utilizes chemical processes such as chemical reactions and refining methods to convert raw materials—such as oil, natural gas, air, water, metals, and minerals—into more than 70,000 different products.These products include petrochemicals, agrochemicals, ceramics, …
Mid-Year Outlook: A Good Year for US Chemistry Despite …
U.S. chemical output is looking to have its best year in more than a decade in 2022, with growth across all chemistries. After a 1.6% gain in 2021, ACC expects output to …
2023 Facts and Figures of the European Chemical Industry
Disclaimer: . For the sake of data integrity, figures within Cefic's Facts & Figures publications are compiled and updated on a regular basis from public statistical sources (Eurostat, EU Commission, European Environmental Agency, …).
Industry
Learn about chemistry jobs in industry. Find out about education requirements, important skills, and how to get started on your career path.
Chemical Industry Outlook: Navigating The Post-COVID …
WASHINGTON (December 7, 2021) – Despite a challenging year, U.S. chemical production expanded in 2021 as the post-lockdown spending surge boosted demand for chemicals and other goods and materials, according to the American Chemistry Council's (ACC) Year-End 2021 Chemical Industry Situation and Outlook.The rebound in demand swept across many end …
2022 chemical industry outlook
The US chemical industry is poised for a strong recovery in 2022 as economies reopen and restrictions are lifted, which should drive up plant utilization rates that were hit hard by the …
The Indian chemical industry | McKinsey
The growth is likely to continue despite the economic challenges that caused India's GDP growth rate to drop to 4.5 percent in the third quarter of 2019. 2 GDP figure is for July to September 2019: Shantanu Nandan Sharma, "Severe slowdown: When will the Indian economy recover and how?," India Times, December 1, 2019, indiatimes. A long-term …
US chemical industry to return to growth in 2021
Now, as the year winds down, the economic gears are turning again, and the chemical industry is starting to rebound. The ACC estimates that the US economy will grow 3.7% in 2021 and that chemical ...
Chemicals
The chemical sector is the largest industrial consumer of both oil and gas. Yetdespite being the largest industrial energy consumer, it is the third industry subsector in terms of direct CO2 emissions – behind iron and steel …
3 trends that are changing the chemical industry in 2024
In response to the impact of low growth, the Chinese government has declared a shift towards a domestic-driven growth system. In line with this, China's self-sufficiency rate for ethylene in the chemical industry continues to rise, and according to Chemical Market Analytics, full self-sufficiency in the Chinese market is expected by 2025 with the establishment of new …
Reimagining Mexico's chemical industry | McKinsey
Several major challenges are holding the industry back: Feedstock shortages. The declining supply of critical feedstocks such as natural gas and ethane, as well as the fall in refining utilization rates (from about 75 percent in 2000 to about 40 percent in 2021 4 "Presentación inversionistas," PEMEX, May 2022.), have left many downstream chemical …
Chemical industry worldwide
The chemicals industry is as broad as ever before There are a wide variety of products that are classified as chemical products, which can be categorized into the following segments: basic ...
2022 chemical industry outlook
Positioning for a strong rebound in key end markets amid rising costs . The US chemical industry is poised for a strong recovery in 2022 as economies reopen and restrictions are lifted, which should drive up plant utilization rates that were hit hard by the pandemic.
Chemical Industry: Key Trends to Track in 2024 and a …
Looking back at 2023, the chemical industry experienced a year of highs and lows, marked by positive strides in sustainability, including advancements in green hydrogen and plastics circularity, along with a resilient rebound from the pandemic.
The state of the chemical industry: Three trends | McKinsey
The chemicals industry has achieved remarkable innovations in many areas, such as lithium batteries, metallocene linear low-density polyethylene (LLDPE), and organic …
20 Examples of Raw Materials in the Chemical Industry
In the vast universe of the chemical industry, raw materials serve as the lifeblood, driving a multitude of processes and products. This post delves into "20 examples of raw materials chemical," taking you on an enlightening journey from arborpharmchem organic and commodity chemicals to natural resources like crude oil, natural gas, and even caffeine.
C&EN's World Chemical Outlook 2021
× World Chemical Outlook 2021 Climate Change: Chemical firms will coalesce around more ambitious climate goals Economy: US chemical industry to bounce back Persistent pollutants: Scientists will ...
Introduction to the Chemical Industry: An Overview
4 Chapter 1 Table 1.3 Divisions of U.S. Chemical Manufacturing NAICS Industry Shipments 0/0 ($ billion) 3251 Basic Chemicals 110.0 25.9 3252 Resin, Synthetic Rubber, Fibers, Filaments 63.3 14.9
C&EN's World Chemical Outlook 2023
The American Chemistry Council (ACC), an industry group, also expects a shallow recession. After a strong 2022, in which US chemical production rose 3.9%, the ACC forecasts that output will ...
Chemical Industry 2024: 94% Of Leaders Say AI Is Critical To …
The chemical industry has been digitalizing for decades, but the latest market trends have made intelligence from technology a must-have for competitive advantage.
China's chemical industry: New strategies for a new era
China's fast-growing chemical industry has been the largest in the world by revenue since 2011, and its growth rate continues to outpace by far other
C&EN's top 50 US chemical producers for 2021
Dow is once again the largest US chemical maker. In 2020, its first full year after splitting from DowDuPont, the company initiated a round of cost cutting, partly because of financial pressures ...
C&EN's World Chemical Outlook 2022
How will the chemical industry cope with scope 3 emissions, carbon capture, and net-zero goals in 2022? Read C&EN's analysis of the key policies, market trends, and economic forces that will affect chemistry …
Introduction to the Chemical Industry
Article by Taaibah Hossain Chemical manufacture is very important to modern day life. Manufactured chemicals will be present in almost every product that you will use today: from your toothpaste to your nylon jacket, your ballpoint pen to your mobile phone; manufactured chemicals have truly infiltrated our lives. This article is all about the Chemical…
Chemicals Insights
Read our latest research, articles, and reports on Chemicals on the changes that matter most for the challenges and opportunities ahead.
2022 chemical industry outlook
2022 chemical industry outlook 5 Climate change driving sustainability efforts In 2022, the chemical industry will likely have a sharper focus on decarbonization strategies due to increased attention from
Germany
Chemical and pharmaceutical industry snapshot Third-largest industry in Germany. With a 2023 turnover of €225.5 billion, chemicals and pharmaceuticals are the third-largest industry in Germany, behind automotive and machinery and equipment.