INDUSTRIAL CHEMICAL INDUSTRY: PERFORMANCE SNAPSHOT THIRD QUAFTER OF 2017

Highlights:

  • Industrial chemicals continued to show improved performance compared to 2016, but the rate of growth was lower after three quarters compared to where it stood after the first half of the year.
  • Shipments of industrial chemicals were up 6% after nine months. The overall performance was driven by very strong growth in petrochemicals and other organic chemicals, with good growth in inorganic chemicals. Synthetic resins was the only subsector showing an overall decline.
  • The quarter-over-quarter change in rail car shipments were up 2%.
  • Exports for industrial chemicals after three quarters were almost the same as in 2016. Petrochemicals led with a big surge compared to 2016. Other organic chemicals were also up, while inorganic chemicals and synthetic resins were down.
  • Industrial chemical GDP dropped 6% in Q3.