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Chemical Product Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Chemical Product Manufacturing Market Research Report | NAICS 32599 | Aug 2016

Chemical imbalance: Weak demand from photographic chemicals will impede industry revenue growth

IBISWorld’s Chemical Product Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$40bn
Annual Growth 11-16
-1.7%
Annual Growth 16-21
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Profit
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Employment
59,362
Businesses
1,517
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

 


Industry ProductsRelated ReportsTable of Contents

What is the Chemical Product Manufacturing Industry?

This industry manufactures a diverse range of chemical products. Key activities include custom compounding plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.

Industry Products
Custom compounding of resinsPhotographic films, papers and platesPhotographic chemicalsEvaporated salt, excluding table saltGelatin, excluding ready-to-eat dessertsWater treating compoundsAutomotive chemicalsOther chemical products and preparations
 
Industry Activities
Custom compounding resinsReformulating plastic resins from recycled plastics productsManufacturing sensitized film, paper, cloth and sensitized platesManufacturing toners and toner cartridgesManufacturing photographic chemicals


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