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Stay up-to-date and engaged with the latest industry-related news.
chemical industry is a $553 billion enterprise directly providing more than
half a million high-paying jobs across the United States, according to
the 2019 edition of the Guide to the Business of Chemistry, released last week. Each one of these jobs
helps create others, almost 4.5 million in fact.
annually by ACC’s Economics and Statistics Department, the Guide highlights chemistry’s significant contributions to the U.S.
and world economies. It divides the business into more than 30 categories of production,
highlighting distinct features such as growth dynamics, markets, and new
sections provide detailed information about important topics including
financial performance, U.S. and global trade, innovation, capital investment,
employment, environmental and safety statistics, energy, and distribution.
Key findings include:
American chemistry remains in demand across the world, despite trade tensions. The U.S. chemical industry produces a large and growing trade surplus, reaching $31 billion in 2018. Free trade and open markets are essential to growth and job creation in the industry, and they provide significant benefits to the broader economy.
The chemistry industry’s contributions extend to the benefits
provided by its products. A driver of innovation, we provide the materials necessary to
make life healthy, safe and comfortable – contributing to a higher standard of
living for people in our country and around the world. Solutions
from our industry are needed to provide a safe and plentiful food supply,
clean air and water, safe living conditions, efficient and affordable energy,
and life-saving medical treatments.
The Guide to the Business of Chemistry is available to ACC members at
no cost and to non-members for $750. To order or download an electronic
here. If you would like to order a bound,
printed version, click here. Orders may also be placed by calling
the ACC store: (301) 617-7824.
Science is essential to understanding the world’s most pressing challenges and to overcoming them.
A first-of-its-kind, leading economic indicator that helps anticipate and highlight potential trends in other industries in the U.S.