Industrial Chemical Industry: Performance Snapshot Q4 2018
Shipments of industrial chemicals were up 8.4% in value compared to 2017. Other Organic Chemicals and Synthetic Resins and Rubbers were the strongest performers among the sub-sectors, followed by inorganic chemicals. Petrochemicals showed a small decline while industrial gases ended the year up significantly from 2017.
Exports for industrial chemicals were up 10% in value in 2018 compared to 2017. All sub-sectors except industrial gases showed growth, with petrochemicals having increased their exports by 31.9%.
Industrial chemical GDP grew 2.1% in the 4th quarter of 2018 compared to the 3rd quarter of the year.
The quarter-over-quarter change in rail car shipments of industrial chemicals declined 1.4%