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Former Chief Economist of ACC: The U.S. Chemical Industry's Prospects Are Optimistic in the Next Years

 Last Update: 2021-10-20
 Source: Internet
 Author: User

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Recently, Kevin Swift, the former chief economist of ACC, said that the US chemical industry should continue to grow in the next few years, and the return of manufacturing plants will drive chemical demand

Swift said that at present, the major end markets of US chemicals are getting better

The US auto market is also rebounding, but it is restrained by a shortage of chemical semiconductor chips

Regarding the current high-profile supply bottleneck problem, Swift said that US chemical inventories should remain at a low level before 2022

Regarding cost issues, Swift predicts that the cost advantage of the US chemical industry will remain at least until 2024

In terms of chemical capacity utilization, Swift predicts that the average utilization rate of the U.

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