2013 economic outlook for global chemical industry

January 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 is the weekly newsmagazine of the American Chemical Society, the world's largest scientific society.

Titled "World Chemical " and compiled by a team of 10 editors and correspondents, the annual feature forecasts chemical growth rates in various regions, including a modest 1.9 percent increase in the United States (compared to 1.5 percent growth in 2012) and a 0.5 percent increase in Europe (an improvement from the 2.0 percent contraction in 2012).

The story describes several bright spots dotting that generally overcast landscape. U.S. chemical manufacturers, for instance, can look forward to another year of low-priced natural gas to fuel their facilities and provide cheap raw materials. Producers of "fine chemicals," highly pure substances produced in relatively small amounts for medications, pesticides and other products, should do better than the industry as a whole. Likewise, makers of scientific instruments for the energy, environmental, forensics and food markets also are upbeat about 2013 sales.

Explore further: Outlook for an industry that touches 96 percent of all manufactured goods

More information: "World Chemical Outlook"—cen.acs.org/articles/91/i2/Wor … hemical-Outlook.html

Related Stories

New crime-fighting tools aim to deter and nab terrorists

February 8, 2012

Fingerprints, ballistics, DNA analysis and other mainstays of the forensic science toolkit may get a powerful new crime-solving companion as scientists strive to develop technology for "fingerprinting" and tracing the origins ...

'Sweet' chemicals from a 'green' raw material

September 19, 2012

The biobased world's traditional focus on producing fuels for cars, trucks and aircraft is quietly undergoing a major transition this summer toward production of chemicals needed for manufacture of hundreds of different consumer ...

A birth control pill for men? When?

September 26, 2012

When will men have their own birth control pill? Scientists have been predicting the debut of a male pill within 5 years for the last 30 years. The factors accounting for that delay—and new optimism that a male pill will ...

Recommended for you

Bacteria development marks new era in cellular design

December 11, 2017

Scientists at the universities of Kent and Bristol have built a miniature scaffold inside bacteria that can be used to bolster cellular productivity, with implications for the next generation of biofuel production.

Molecular beacon signals low oxygen with ultrasound

December 8, 2017

Areas of hypoxia, or low oxygen in tissue, are hallmarks of fast-growing cancers and of blockages or narrowing in blood vessels, such as stroke or peripheral artery disease. University of Illinois researchers have developed ...

Targeting cancer cells by measuring electric currents

December 8, 2017

EPFL researchers have used electrochemical imaging to take a step forward in mapping the distribution of biomolecules in tissue. This technology, which uses only endogenous markers – rather than contrast agents – could ...

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.