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 Investment Chapter
The Inorganic Chemical Manufacturing industry has a high level of capital intensity. Industry employees generally have considerable education and are highly-skilled workers. As a result, average wages are high. On the other hand, operators must purchase equipment and machines to manufacture chemicals, contributing to high depreciation costs. In 2014, for every dollar spent on labor, industry operators are expected to spend $0.47 on capital investments.
This industry employs skilled workers such as chemical technicians, chemical engineers, chemists and materials scientists. According to the Bureau of Labor Statistics, chemical technicians typically need a minimum of two years of formal training... purchase to read more