The market is dominated by domestic suppliers, as imports account for 24.5% of total market size in 2022. B2B drives market demand, with B2B spending representing 96.1% of total demand in 2022. The US has the largest market size for basic chemicals across the top 20 developed countries, with demand reaching USD202 billion in 2022. Dow Inc is the largest company in the US, generating 4.7% of the industry’s total production value in 2022. The industry is fragmented, with the top five companies generating 18.1% of total production value in 2022. The total number of companies increases in 2022, to 2,119 units. The costs of the industry increase by 11.1% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 27.2% of production value in 2022, the highest across the top 20 developed countries. The industry’s exports share increases in 2022 to 32.3% of total production output. With production value of USD202 billion, the US accounts for 91.2% of the North America total in 2022.
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This Euromonitor industrial report provides unique information on Basic Chemicals in the US: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in the US: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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