Thursday, 25 July 2013

Inorganic Chemical Manufacturing US Industry - IBISWorld Report Updated

A News Published with Pr Web on July 25, 2013 (Los Angeles, CA (PRWEB) ) about updates in IBISWorld Report , IBISWorld has updated a report on the Inorganic Chemical Manufacturing industry in its growing industry report collection.

The Inorganic Chemical Manufacturing industry exhibited volatile growth over the past five years, but revenue growth will be stronger over the next five years, led by improved demand for chlorine and carbon black. For these reasons, industry research firm IBISWorld has updated a report on the Inorganic Chemical Manufacturing industry in its growing industry report collection.

According to IBISWorld Industry analyst Radia Amari, “the weakened dollar also fueled export growth over the past five years”. In the five years to 2013, IBISWorld expects revenue to increase an average 1.1% per year to $37.3 billion. In 2013, revenue is expected to grow 1.9% as the economy recovers. In 2009, demand from manufacturing fell as the economy collapsed. Consequently, industry revenue fell during that year also. The manufacturing sector recovered in 2010, boosting demand for inorganic chemicals.
In the five years to 2018, the industry will expand, led by improved demand for chlorine and carbon black. Carbon black is used in tire and rubber manufacturing, which will grow strongly over the next five years with the automobile sector's recovery. Chlorine is used in nearly all manufacturing industries, especially in other chemical manufacturing industries. “Demand for chemical manufacturing is anticipated to strongly increase from 2013 to 2018, fueling revenue growth”, says Amari. Furthermore, despite an increasing trade-weighted index, exports will continue to grow strongly, similar to the previous five years. The recovering global economy will demand more chemicals for manufacturing and construction.

In 2013, the Inorganic Chemical Manufacturing industry exhibits a low level of market share concentration. Typically, industry firms specialize in a few specific products, limiting the overall market share each firm can control. During the recession, some firms consolidated to increase production capacity and improve operating efficiency. Firms have also merged to jointly pursue new technology and products, such as more energy efficient machinery and chemicals. Also, firms previously experiencing stagnation due to high energy costs have been given new life due to low natural gas prices in the United States. Falling natural gas prices boosted the profitability of many firms, making them more attractive acquisition targets. As a result, market share concentration has steadily increased over the past five years. The largest companies in the industry are E. I. du Pont de Nemours, and the Dow Chemical Company.

For more information, visit IBISWorld’s Inorganic Chemical Manufacturing in the US industry report page.

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    from raw materials or other chemical feedstocks.
    Chemical Manufacturer

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