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 SWOT Analysis Chapter
The Inorganic Chemical Manufacturing industry is in a mature stage of its life cycle. Industry value added (IVA), which measures this industry's contribution to the overall economy, is anticipated to grow an average 3.4% per year in the 10 years to 2019. Over the same period, GDP is forecast to grow at a similar annualized 2.5%. Though IVA slowed during the earlier part of the 10-year period, when the industry was still rebounding from the recession's serious impact on the manufacturing and construction sectors, industry value added has generally grown at a rate similar to or better than that of the national economy.
Clearly defined product segments and user industries also indicate this industry is in the mature stage of its life cycle... purchase to read more