America’s chemical industry has grown to a $760 billion enterprise, according to the 2012 edition of the Guide to the Business of Chemistry, published earlier this week.
Prepared by ACC’s Economics and Statistics Department, the guide divides the $760 billion business into five types of production, while highlighting chemistry’s contributions to the U.S. and world economies.
Other key findings include:
- American chemistry is the global leader in production, providing 15 percent of the world’s chemicals and representing 12 percent of all U.S. exports.
- The industry provides 788,000 high-paying jobs in the United States.
- For every one chemistry industry job, another 7.6 are generated in other sectors of the economy such as construction, transportation and agriculture, creating a total of nearly 6 million chemistry-dependent jobs.
The Guide to the Business of Chemistry is available to ACC members for $285.00 and non-members for $385.00. To order or download an electronic version, visit www.americanchemistry.com/store or call (301) 617-7824.
For more information on the ways in which chemistry impacts the wider U.S. economy, and to see how the business of chemistry can help anticipate peaks and troughs in the overall U.S. economy, visit ACC’s Chemical Activity Barometer: www.americanchemistry.com/cab.