Industry Analysis & Industry Trends
The Petrochemical Manufacturing industry faced significant volatility over the last five years, but the improving economy will pave the way for growth as downstream demand improves. Domestic operators will continue to face obstacles, as increased input costs affect prices and performance. However, heightened demand and continuing dependence on petrochemicals will benefit industry firms... purchase to read more
Industry Report - Industry Investment Chapter
The Petrochemical Manufacturing industry requires a high amount of capital investment. The cost of new plants and equipment is significant. For example, a world-class ethylene plant is estimated to cost over $1.0 billion to construct. In 2013, industry companies will spend about $0.82 on capital for every dollar spent on labor, reflecting the high-tech, high-cost nature of the plants used to manufacture the relevant products. While wages account for a nominal share of revenue, they are expected to grow over the five years to 2018. Higher wages will reflect a specialized workforce... purchase to read more