Invest in USA Chemicals, Plastics and Rubber

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Chemicals & Plastics

The United States is the top chemicals producer in the world, generating $600 billion per year in turnover.  Five million Americans work to produce chemicals and the related machinery & equipment.  American exports in the chemical industry are more than $100 billion and make up nearly 10% of all U.S exports annually.

Links:

Sources:  American Chemistry Council and Chemical & Engineering News

Plastics is the 3rd-largest US manufacturing industry. This comprises plastic products manufacturers as well as suppliers of  raw materials (resin), machinery & mold makers.  The U.S. plastics industry employs about 1.1 million people.  In 2006, plastics industry shipments totaled more than $375 billion.

Productivity in the plastics improved at a rate of 2.3 percent from 1980-2006 , more than the average productivity increase for U.S. manufacturing as a whole.

Plastics consumption in the U.S. grew by 7.6% in 2006 to $271 billion.  A great majority of plastics used in the U.S. is domestically produced with imports accounting for only 14.6% of the total.  Exports of plastic products; raw materials and machinery/molds increased 12.3% in 2006 with a value exceeding  $43 billion.  The top export destinations for plastics are Canada, Mexico and China.

Links:

Sources:   SPI- The Society of the Plastics Industry and  Plastics Industry Data

Rubber products manufacturing of tires, hoses, belts, seals etc. employs some 120,000 people in the U.S. and generates more than $21 billion in annual sales.  While imports of original equipment tires have increased, US growth of replacement and original equipment tire shipments combined has increased by 0.6 percent in 2007.

Links:

Sources:  RMA- The Rubber Manufacturers Association

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