Industry Analysis & Industry Trends
After experiencing years of revenue volatility due to fluctuating demand from downstream manufacturing customers during the recession, the Inorganic Chemical Manufacturing industry is in a state of recovery. As the production of cars and plastics decline, demand for inorganic chemicals also drops, negatively impacting industry revenue. Moreover, the economic downturn caused other manufacturing industries to decrease production, causing demand for inorganic chemicals to plummet. However, in the five years to 2019, IBISWorld expects the industry to steadily expand, as the economy and downstream industries recover. Furthermore, as the housing sector improves, demand from the construction, paint and glass manufacturing sectors will also increase... purchase to read more
Industry Report - Industry Key Buyers Chapter
In 2014, the top four players in the Inorganic Chemical Manufacturing industry are expected to generate just over 15.0% of industry revenue, indicating a low level of market share concentration. Typically, industry operators specialize in a few specific products, limiting the overall market share each operator can control. According to US Census data, 43.0% of industry enterprises are small operators with fewer than 20 employees, contributing to the low level of market share concentration in this industry.
During the recession, some operators consolidated to increase production capacity and improve operating efficiency. Operators have also merged to jointly pursue new technology and products, such as more energy-efficient machinery and chemicals... purchase to read more