PUBLICATION
Global Business Reports
United States Chemicals 2016
January 20, 2016
The outlook for the chemical industry in the United States has shifted dramatically in the space of only a few years. Revenues currently stand at approximately $820 billion, and are expected to exceed $1 trillion before the end of the decade. Accounting for more than 80% of the overall chemicals market in the NAFTA region, comprising Canada and Mexico as well as the United States, the space is seeing what is being dubbed by the Boston Consulting Group as an “once-in-a-lifetime renaissance.”The driver behind this reversal of fortunes is the shale gas revolution, which has provided the United States with a low cost feedstock to rival its main competitors in China and the Middle East, as well as helping to offset the decline in production from conventional gas reservoirs.
RELATED INTERVIEWS MORE INTERVIEWS
Haldor Topsoe discusses the potential for energy transition in Latin America.
The Mexican Union of Agrochemicals Manufacturers and Formulators (UMFFAAC) describes the main themes impacting its members.
"Preparing the industry to seize the opportunity is crucial. Just as the US experienced stages during the shale boom, Argentina must follow similar steps."
Cristian García of PROCCYT explains the dynamics influencing Mexico’s crop protecting sector.
RELATED ARTICLES MORE ARTICLES
Solid Demand Factors but Political Risk Rising
Mexico Petrochemicals and Chemicals 2018 APLA Pre-Release
Rising exports and a growing middle class bode well for Mexico’s chemical demand, but NAFTA renegotiations, Presidential elections and the slow pace of energy reforms are present concerns.
ASEAN Overview: GDP Lopsided to the East
Southeast Asia Chemicals 2024
In a growth-starved world, the region plays a demographic card
RECENT PUBLICATIONS
Latin America Chemical Week Report 2024
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.
MORE PREVIOUSLY PUBLISHED
The Latin America Petrochemicals and Chemicals 2024 report, produced in alliance with APLA, explores the current state of these industries, the challenges they face, and the opportunities they offer.
MORE PREVIOUSLY PUBLISHED
MACIG
"Zambia indeed deterred many investors due to multiple policy shifts in the mining tax regime that showed no consistency. However, since 2021 and with a new government in place, we have seen more stability as well as investor-friendly policies."
SUBSCRIBE TO OUR NEWSLETTER
SUBSCRIBE TO OUR
NEWSLETTER
- Get GBR content delivered to your inbox
- Receive industry based news
- Completely free, e-mail only
