The business of American chemistry expanded 3.6% in 2015, despite global headwinds that included a strong appreciation of the U.S. dollar and a weakness in several key global markets, according to the American Chemistry Council (ACC).
“The U.S. chemical industry renaissance is just getting started,” said Kevin Swift, chief economist and lead author of the trade group’s Year-End 2015 Chemical Industry Situation and Outlook. “The fundamentals are strong. Key domestic end-use markets expanded, consumer spending accelerated, the job market began to firm, and households enjoyed extra savings from lower energy costs.”
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