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. The manufacturing sector promptly began to rebuild, boosting demand for inorganic chemicals throughout 2010 and 2011. Moreover, demand for exports has remained relatively steady in recent years. In the next five years, the industry will expand as demand from downstream industries continues to increase... purchase to read more
Industry Report - Industry Investment Chapter
The Inorganic Chemical Manufacturing industry has a moderate to high level of capital intensity. Industry employees generally have considerable education and are highly-skilled workers. As a result, the average wage is high; in 2016 it is expected to exceed $84,000. Conversely, operators must purchase equipment and machines to manufacture chemicals, contributing to high depreciation costs. In 2016, for every dollar spent on labor, industry operators are expected to spend $0.30 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