Outlook 2013

Global chemical conditions are forecast to improve this year but to remain below normal long-term growth rates as recessions in Europe and Japan as well as slower growth in China drag on demand. Chemical industry output excluding pharmaceuticals is expected to grow 3.4% in 2013 after a 1.1% advance in 2012, ACC says. Chemical market trends have mirrored manufacturing activity, says Kevin Swift, chief economist with ACC. “Overall growth in the $5-trillion global business of chemistry stalled in 2012, with a recession in Europe and pronounced slowdown in...

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