Organic Chemical Manufacturing in the US - Industry Market Research Report

Mixed up: Rebounding industrial, construction and consumer spending activity will likely drive demand

Organic Chemical Manufacturing industry revenue tends to rise when industrial activity improves, and downstream manufacturers respond to growing demand by purchasing more raw materials in anticipation of greater production. Revenue has been volatile, especially in 2020, amid the COVID-19 outbreak, which caused an economic slowdown. Despite the unprecedented losses faced in 2020 and 2021, industry-wide revenue still grew at a CAGR of 2.7% to $168.0 billion over the past five years, despite a 5.2% decrease in 2023, supported by an improving business environment and rising commodity prices. This industry manufactures basic organic chemicals (other than petrochemicals), industrial gases and synthetic dyes and pigments. Key product groups include gum and wood products, cyclic crudes and intermediates, ethyl alcohol and other basic organic chemicals. These products are predominantly intermediates that are used as raw material inputs by other manufacturing industries in the production of downstream products. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.