First Research US Industry Profile

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Industrial Chemical Manufacturing
SIC Codes: 2812, 2813, 2816, 2819, 2865, 2869
NAICS Codes: 3251
Last Quarterly Update: 5/13/2019
Companies in this industry manufacture gases, dyes and pigments, chlorine and caustic soda, sulfuric and nitric acids, and organic chemicals. Major companies include BASF (Germany), Dow (US), Formosa (Taiwan), Royal Dutch Shell (the Netherlands), Mitsubishi Chemicals (Japan), SABIC (Saudi Arabia), Sinopec (China), and TOTAL (France).
The global industrial chemical manufacturing industry generates about $2 trillion in annual revenue. China, the US, Japan, and Germany produce the most chemicals and are among the largest importers of chemicals. Countries in Asia, the Middle East, and South America are being targeted for industry growth.
The US industrial chemical manufacturing industry includes about 2,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $210 billion. Key growth drivers include output in major end-use markets such as automotive manufacturing and construction.
Competitive Landscape
Demand depends on the overall strength of the economy, because most industrial chemicals are used in the manufacture of more-complicated products like fibers, plastics, paints, and paper. The profitability of individual companies is closely linked to efficient operations, because most products are commodities. Big producers have large economies of scale in production, which is why some chemicals are made by just a handful of companies. Small companies can compete effectively by making specialized or highly-purified products.
The US industry is concentrated: the 50 largest companies generate about 70% of revenue. Specific market segments are often dominated by just a handful of competitors. As few as eight companies account for almost all revenues in the petrochemical and carbon black sectors, for example.
International trade in industrial chemicals is substantial. China, Canada, Germany, and Ireland are the largest suppliers of US imports. Top markets for US exports include Mexico, Canada, China, and Belgium.
Products, Operations & Technology
Industrial chemicals include gases like oxygen and nitrogen, dyes and pigments, chlorine and caustic soda, sulfuric and nitric acids, and thousands of ... plus:
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Also includes the following chapters:
Quarterly Industry Update
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Call Preparation Questions
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/11/2019
11/05/2018
08/06/2018
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10/30/2017
06/26/2017
03/27/2017
12/19/2016
09/05/2016
05/30/2016
02/22/2016
11/09/2015
08/10/2015
05/11/2015
02/09/2015
11/17/2014
08/25/2014
05/26/2014
02/17/2014
11/11/2013
08/19/2013
05/27/2013
02/25/2013
11/19/2012
08/27/2012
06/11/2012
03/19/2012
11/28/2011
08/29/2011
05/16/2011
02/14/2011
11/01/2010
08/09/2010
05/03/2010
02/01/2010