The chemical industry heads into 2014 on solid footing

Jan 15, 2014

After spending three years struggling to recover from the 2007-2009 recession, the global chemistry industry can finally look forward to a rosier year ahead. The cover story of Chemical & Engineering News, ACS' weekly newsmagazine, details what to watch for in 2014 across different sectors and geographic regions.

The article points out that several factors are buoying expectations for the coming year around the world. In the U.S., low-priced natural gas from shale deposits is spurring a plant building boom, the first of its kind in decades. The chemical industry is also benefitting from strong auto sales and an uptick in housing starts, which drives demand for basic materials. Executives in the fine chemicals sector are also optimistic.

Although by no means stellar—or necessarily set in stone—projections are on the whole positive. Chemical production in the U.S. is expected to rise by 2.5 percent, a respectable increase over the 1.6 percent rate posted in 2013. In Europe, despite stiff competition, industry watchers expect chemical sales to increase. Projections show China and India will continue to drive economic growth, and with it, the chemical .

Explore further: Survey reveals improving salary and employment picture for chemists

More information: "World Chemical Outlook" cen.acs.org/articles/92/i2/Wor… al-Outlook-2014.html

add to favorites email to friend print save as pdf

Related Stories

Chemical company giants stall with global economy

Jul 31, 2013

The world's 50 largest chemical companies—with combined 2012 sales of almost $1 trillion and products that touch the lives of people everywhere—are the topic of the cover story in the current edition of Chemical & En ...

2013 economic outlook for global chemical industry

Jan 16, 2013

The 2013 outlook for the global chemical industry—a $3 trillion enterprise that impacts virtually every other sector of the economy—is the topic of the cover story in this week's edition of Chemical & Engineering News. C&EN i ...

Major chemical companies turn to new specialties for growth

Nov 13, 2013

Triggered by the recession that began in 2008, major chemical companies are aggressively re-inventing themselves through multi-billion dollar overhauls, reports Chemical & Engineering News, the weekly newsmagazine of the ...

Recommended for you

Rice chemist wins 'Nobel Prize of Cyprus'

6 hours ago

Rice University organic chemist K.C. Nicolaou has earned three prestigious international honors, including the Nemitsas Prize, the highest honor a Cypriot scientist can receive and one of the most prestigious ...

Bamboo pale Ale beer from modern craft brewery

Aug 14, 2014

In order to be a novel alternative in the industry of microbreweries in Mexico, a young entrepreneur opted for the manufacture and marketing of a beer made from bamboo, first of its kind in the country and ...

Coffee withdrawal

Aug 14, 2014

Coffee: It leaves some people feeling fit and refreshed; in others, it makes their heart race. Scientists have developed several decaffeination processes to allow even people who react badly to caffeine to ...

User comments : 0