Economic Outlook: American Chemical Makers Fly Higher

Strength in key markets and feedstock advantages bode well for the industry

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The output of U.S. chemical manufacturers increased in 2016 and will expand further in 2017. Growth is happening even in the face of some serious economic challenges: fiscal uncertainty, a fall-off in business investment, an ongoing balancing in the oil-and-gas sector, weakness in key export markets, a high dollar, and a major slump in the domestic and global manufacturing sector. Fortunately, compared to producers in other parts of the world, American chemical makers retain advantages, thanks to access to cheaper and more-abundant feedstock and energy. As a result, significant capital investment is occurring in chemicals manufacturing in the U.S. In the United States,…

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    Full Story
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