Industry Analysis & Industry Trends
Industry operators depend on sales to downstream industries that use these secondary products. As manufacturing and construction activity have expanded, so has demand for products made with inorganic chemicals. Some demand from purchasers, such as alumina producers, grew more quickly and stimulated greater sales early in the period. Others took longer to recover, or experienced volatile demand over the past five years. Consequently, IBISWorld expects revenue to decrease an annualized 0.4% over the five years to 2016 to $35.4 billion... 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 $78,531. 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 $0.28 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