Report: Rebound For Specialty, Custom, Toll Manufacturers
Dec. 8, 2023
Amidst an industry recession and destocking trends in 2023, specialty chemical manufacturers are showing resilience and optimism, according to SOCMA
By Chemical Processing Staff
The Society of Chemical Manufacturers & Affiliates (SOCMA) has released a Contract Manufacturing Outlook Report, offering a comprehensive analysis of the specialty chemical sector. Despite challenges in 2023, the report forecasts a robust rebound in 2024. The survey, focusing on specialty, custom and toll chemical manufacturers, identifies key trends, including an optimistic outlook amidst an industry recession, strategic investments for growth and a notable push for reshoring and collaborations in North America post-pandemic.
