Industry Analysis & Industry Trends
Over the five years to 2016, industry revenue is expected to fall, because chemical manufacturers rely heavily on downstream demand from the manufacturing sector, and manufacturing activity is expected to slow over 2016, as it has over the past two years. Meanwhile, demand for photographic chemicals and materials, which are key industry products, has been waning for over a decade. The poor performance of this product segment continually cuts into overall industry revenue. In the five years to 2021, industry revenue is expected to remain relatively flat, as manufacturing levels are forecast to rise in markets such as automobile parts and construction materials, boosting demand for chemicals needed in downstream production... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The industry is in the mature phase of its life cycle. Industry value added (IVA), which measures the industry's overall contribution to the economy, is expected to contract at an average annual rate of 1.5% over the 10 years to 2021. In comparison, GDP is projected to grow at an annualized rate of 2.1% over the same period. While a contraction in IVA is usually an indication that an industry is in the decline stage of the industry life cycle, the Chemical Product Manufacturing industry is in the mature stage as it exhibits many characteristics of such industries.
This industry's clearly defined product groups and user industries are indicative of its mature phase... purchase to read more