Inorganic Chemical Manufacturing in the US - Industry Market Research Report

Inorganic Chemical Manufacturing in the US - Industry Market Research Report

Inorganic Chemical Manufacturing in the US

As overall manufacturing activity declines, demand for inputs like inorganic chemicals also declines. In 2020, the COVID-19 pandemic significantly influenced downstream manufacturer demand. Even with the economy showing signs of recovery, the Russian invasion of Ukraine and the higher interest rates due to inflation fighting have hurt manufacturing activity, supply chains and consumer spending. Therefore, industry revenue has been decreasing at a CAGR of 1.9% to $38.1 billion over the past five years, including a projected 3.9% decline in 2023.

This industry produces inorganic chemicals, including titanium dioxide, chlor-alkali products and carbon black. Inorganic chemicals are mineral-based, while organic chemicals are carbon-based. Manufacturing and industrial processes use inorganic chemicals as inputs. This industry doesn't include pigments and dyes (IBISWorld report 32513) or pesticides (32532), which are inorganic chemicals.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.