Industrial Chemical Industry Performance Snapshot Q2 / First Half 2019
Shipments of industrial chemicals increased 1.1% in the first half of 2019 compared to the first half of 2018. Petrochemicals was the only sub-sector to show a decline in shipments year over year, while other sub-sectors rose between 4.4%-6.1%. Industrial gas shipments increased dramatically by 26.9% year over year.
Exports for industrial chemicals declined 1.6% in the first half of 2019 compared to 2018. Increased exports from Inorganic Chemicals and industrial gases were not enough to offset declines in petrochemicals and organic chemicals.
Industrial Chemical GDP grew 2.4% in Q2 erasing the decline seen in Q1. Rail car shipments of industrial chemicals fell 1% in Q2 from Q1 2019.