IHS Chemical Week

Markets :: Specialty Chemicals :: Paints and Coatings

Relationship Between Light Vehicles and the Chemical Industry Grows Stronger

2:38 AM MST | December 23, 2011 | Sotirios Frantzanas

The light vehicle industry is a customer of growing importance for the chemical industry in North America, according to ACC's latest Chemistry and Light Vehicles report, released this week. A total of 9.66 million light vehicles were assembled in the U.S. and Canada during 2010, the report says. This represents the equivalent of $37.8 billion worth of chemicals. The value of chemicals in light vehicles increased by 51.4% from $21.0 billion in 2009 as the number of light vehicle units assembled grew 37.6% from 7.02 million. The value of chemicals contained per...

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