U.S. Specialty Chemicals Market Gains Again

June 26, 2018
The American Chemistry Council reports that U.S. specialty chemicals market volumes continued to gain during the second quarter of 2018.

The American Chemistry Council (ACC) reports that U.S. specialty chemicals market volumes continued to gain during the second quarter, increasing 0.5% in May after an upwardly revised 1.0% gain in April and a 0.4% gain in March. All changes in the data are reported on a three-month moving average (3MMA) basis. Of the 28 specialty chemical segments monitored, 15 expanded in May; 10 markets experienced decline and three featured no change. During May, large market volume gains (1.0% and over) occurred in oilfield chemicals and plastics compounding.

The overall specialty chemicals volume index was up 5.1% on a year-over-year (Y/Y) 3MMA basis. The index stood at 112.9% of its average 2012 levels. This is reportedly equivalent to 7.78 billion pounds (3.53 million metric tons). On a Y/Y basis, there were gains among 23 market and functional specialty chemical segments. Compared to last year, volumes were down in four segments.

For more information, visit: www.americanchemistry.com

Sponsored Recommendations

Keys to Improving Safety in Chemical Processes (PDF)

Many facilities handle dangerous processes and products on a daily basis. Keeping everything under control demands well-trained people working with the best equipment.

Get Hands-On Training in Emerson's Interactive Plant Environment

Enhance the training experience and increase retention by training hands-on in Emerson's Interactive Plant Environment. Build skills here so you have them where and when it matters...

Managing and Reducing Methane Emission in Upstream Oil & Gas

Measurement Instrumentation for reducing emissions, improving efficiency and ensuring safety.

Micro Motion 4700 Coriolis Configurable Inputs and Outputs Transmitter

The Micro Motion 4700 Coriolis Transmitter offers a compact C1D1 (Zone 1) housing. Bluetooth and Smart Meter Verification are available.