Chemistry industry performance snapshot third quarter / first nine months of 2018
After nine months of 2018, shipments of industrial chemicals were up 6% compared to the same period in 2017. Other organic chemicals and industrial gases were the strongest performers among the sub-sectors, followed by synthetic resins and rubbers, while petrochemicals, and inorganic chemicals both showed declines.
Exports for industrial chemicals were up 10% after three quarters of 2018 compared to 2017. All sub-sectors except industrial gases showed growth, led by petrochemicals.
Industrial chemical GDP grew 7.3% in the 3rd quarter of 2018 compared to the 2nd quarter of the year. This was the largest quarterly growth rate since at least 2010.
The quarter-over-quarter change in rail car shipments of industrial chemicals rose 2% in the 3rd quarter.