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 Locations Chapter
The Chemical Product Manufacturing industry is characterized by a relatively large number of small facilities located throughout the country, reflecting the fragmented nature of the industry. Key states include Texas (11.0% of all establishments), California (10.1%) and Ohio (6.2%). Many of the industry's downstream consumers and raw material suppliers have facilities in these regions. For example, the Plastic and Resin Manufacturing industry (IBISWorld report 32521) has the majority (10.6%) of its plants in Texas. Also, California (11.8% of all chemical establishments), Texas (8.8%) and Ohio (5.2%) have the highest number of general chemical establishments.
The Southeast and Great Lakes regions have the most industry establishments, with 21.7% and 20.4%, respectively... purchase to read more