Report: U.S. chemical industry is poised to expand sharply in second half of decade

12/12/2013 | Chemical Week (subscription required)

U.S. chemical production is expected to accelerate more than 4% per year on average through the second half of the decade, a rate that will surpass the overall U.S. economy, said Kevin Swift, chief economist for the American Chemistry Council. Chemical output increased 1.6% in 2013 and is poised to increase 2.5% in 2014 and 3.5% in 2015, Swift noted. Many of the nearly $100 billion in new petrochemical investments announced since 2010 will come online during that period, driving production, U.S. exports and employment gains, according to ACC's 2013 year-end report.

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