The U.S. chemical industry is expected to see solid growth this year despite the ongoing supply constraints, as it benefits from inventory rebuilding, strong demand across sectors, and a competitive advantage in natural gas-based chemistries.
“Following several years of weak growth related to trade tensions, COVID-19, and disruptive weather events, chemical output is looking to have its best year in more than a decade in 2022, with expansion across all chemistries,” said Martha Moore, American Chemistry Council’s (ACC) chief economist, and managing director.
