ACC publishes 2016 economic profile of $797 bn business of American Chemistry

American chemistry is the global leader in production, providing over fifteen percent of the world’s chemicals and representing fourteen percent of all U.S. exports.

The American Chemistry Council (ACC) today issued its 2016 edition of the Guide to the Business of Chemistry, a detailed economic profile of the chemistry industry and its contributions to the U.S. and world economies.

American chemistry is the global leader in production, providing over fifteen percent of the world’s chemicals and representing fourteen percent of all U.S. exports. It is also one of America’s largest manufacturing industries, a $797 billion enterprise providing 810,000 high-paying jobs. For every one chemistry industry job, 6.3 others are generated in other sectors of the economy, including construction, transportation, and agriculture, totaling nearly six million chemistry-dependent jobs.

“2016 has so far proven to be another year of robust and sustained growth for the American chemical industry,” said the publication’s lead author, ACC Chief Economist Kevin Swift. “Growth is happening despite economic challenges, and compared to producers in other parts of the world, American chemical manufacturers are greatly advantaged with access to cheaper and more abundant feedstock and energy, resulting in significant capital investment in American chemistry – nearly $44 billion in 2015,” added Swift.