ACC: 'Industry Operations Have Largely Returned to Normal'

The U.S. chemical industry is moving towards self-sustaining growth, driven by rising demand, business investment, and cost advantages, ACC said in its mid-year outlook. Chemicals output rose 6.6% year-on-year in May, and is forecast to rise 6.8% for all of 2010. The recovery has been, and will be, driven by basic chemicals, though some specialty segments are forecast to experience strong growth, as well. Rising demand in Asia and Latin America is expected to more than offset weakness in Europe, where sovereign debt crises have tempered recovery. As exports to...

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