After losing its competitiveness for a decade, American chemical industry is rising again and becoming a growth industry. The end use market is expanding, employment is increasing, exports are surging, and a lot of capital investment is pouring in. The chemical industry is one of the largest manufacturing industries in the United States, serving the huge domestic market and expanding global market. It is also one of the major export sectors of US manufacturing.
The industry is cyclical in nature and closely related to the overall situation of the US and the world economy. Because of its early position in the supply chain, the chemical industry has been leading the business cycle of the U.S. economy. It also touched 96% of manufactured goods, making manufacturing the largest consumer of
chemical products.
The specialty chemical products industry is most in line with Merced county's economic development vision. Special chemicals are used to make products that touch every aspect of our lives; products that improve the performance of consumer and industrial products, from pharmaceuticals to coatings and adhesives. There are thousands of different specialty chemicals produced and supplied to various industries.
Special chemical manufacturing is sometimes called customized or fine chemical manufacturing. This is a unique market segment, innovation, entrepreneurship and consumer oriented. Special chemicals enter many different sectors, including:
Adhesives and pressure sensitive tapes
automobile
Clothing and textiles
computer
Cosmetics, soap, personal hygiene products
Crop protection
Detergents and detergents
electronic product
Spices and spice food
Gasoline, tires and lubricants
Ink, dyes and pigments
Medical Science
Paints, varnishes, sealants and other coatings
Performance chemicals
Petrochemical products
Plastic
Growth prospects in several sectors of the industry are favorable as the outlook for end use industries improves with the improvement of the economy. The growing product groups are:
Special chemical products for mining, construction, electronics and automotive industries
Cosmetic chemicals, spices and nutrients are growing due to rising incomes in emerging countries and re consumption by consumers in North America, Western Europe and Japan
Many unique chemical applications reduce pollutants and greenhouse gases
The U.S. specialty chemicals industry is thriving in the United States and California, and the location and its connection between Los Angeles and the Gulf region of merceder are also divided into north-south and east to enter the U.S. market by rail and road, and the location serves its customer base well.
Competitive cost environment: lower cost of doing business and lower cost of living compared to coastal California
Access to customers: excellent connectivity to all points across California
Excellent production sites: development sites easy to develop / license are all over the county