The chemical industry is one of the United States' largest manufacturing industries, serving a sizable domestic and expanding global market. Despite concerns related to carbon emissions, supply chain issues, and high input costs, the recovery of the chemical industry has been primarily driven by strong demand for both commodity and specialty chemicals.
The need for chemicals is expected to increase with the rising use in significant-end markets such as automotive and construction. Moreover, rapid business transformation through advanced technologies is expected to boost the chemical industry's growth in the upcoming years. According to a Verified Market Research report, the global specialty chemicals market is expected to grow at a CAGR of 6.2% by 2028.
