Industry Analysis & Industry Trends
While growth for the Chemical Product Manufacturing industry is expected to be sluggish over the next five years, demand will increase slightly. In particular, renewed activity in key downstream markets, such as automobile and construction, will drive marginal revenue growth. Still, because the industry also relies on sales of photographic film, plate and paper products, the transition to digital images will negatively affect this segment. Environmental concerns about plastics will lead to a surge in demand for reformulated plastic resins from recycled plastic products... 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 grow at an average annual rate of 4.0% over the 10 years to 2019. In comparison, GDP is projected to grow at an annualized rate of 2.7% over the same period. While the industry is expected to grow at a slightly faster pace than GDP, much of this growth early in the period represents recovery following a steep contraction during the recession.
The industry's clearly defined product groups and user industries are indicative of its mature phase. Industry firms Eastman Kodak and Fujifilm, for example, are influential players in their photographic chemical and material product segments... purchase to read more