Chemical Manufacturing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 3/20/2017
SIC Codes: 2813, 2819, 2865, 2869
NAICS Codes: 325
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Chemical Manufacturing Industry Profile

Companies in this industry manufacture basic, intermediate, and specialty chemicals. Major companies include BASF (Germany), Dow (US), Formosa Plastics (Taiwan), Pfizer (US), Roche (Switzerland), SABIC (Saudi Arabia), and Sinopec (China).

The global chemical manufacturing industry generates more than $5 trillion in annual revenue. China, the US, Japan, and Germany produce the most chemicals and also are among the largest importers of chemicals. China, India, and other emerging markets are being targeted for industry growth.

The US chemical manufacturing industry includes about 10,000 companies with combined annual revenue of about $755 billion.

COMPETITIVE LANDSCAPE

Because chemicals are used to make a wide variety of industrial and consumer products, demand is driven by the overall health of the US economy. The profitability of individual companies is closely tied to efficient operations. Big companies have economies of scale in purchasing and production. Small companies can compete effectively by producing specialty products, of which there are a large number. The US industry is concentrated: the top 50 companies account for about 50% of revenue.

Many specialty chemicals are protected by patents, either for the product itself or the manufacturing process, and have no direct competition. Indirect competition comes from products with similar properties. Patents are especially important to many smaller manufacturers, which may license their product or technology to larger companies for manufacture and sale.

Because they often have a high value-to-weight ratio, many chemicals are traded internationally, ...

 
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