YEAR-END SURVEY OF BUSINESS CONDITIONS INDUSTRIAL CHEMICALS 2017
It is projected that sales of industrial chemicals will increase 7% in 2017 to reach $27.1 billion. Using constant dollar shipments as a proxy for output, volumes will increase 1%. This indicates that on an aggregate basis, selling prices increased over the year, leading to a revenue gain that outpaced the volume gain.
Exports will be almost the same as in 2016, at $18.6 billion.
Operating profits will remain strong, rising 2% to $3.4 billion for 2017.
Capital expenditures in 2017 were up about 7% compared to 2016, at just under $1 billion. This is well below the peak observed in 2014 reflecting the absence of major new investment projects initiated during the past three years.