$47.1bn
$X.Xbn
63,572
1,553
$X.Xbn
Chemical product manufacturers have had to contend with uneven demand over the past five years, but changes in commodity prices have still allowed revenue growth for the industry. While the price of oil dropped as travel dropped off amid the COVID-19 pandemic, prices skyrocketed in the years following as pent-up demand was released. The Russian invasion of Ukraine led many nations to impose sanctions that cut the world supply of oil, exacerbating the increase in input costs for chemical product manufacturers even more. These heightened prices were successfully passed on to downstream industries through price increases. Revenue has grown at a CAGR of 0.7% to an estimated $47.1 billion through the end of 2024, including an expected 0.2% gain in 2024 alone. Profit is expected to have shrunk to 4.2% of revenue in 2024, down from 5.9% in 2019.
Industry revenue has grown at a CAGR of 0.7 % over the past five years, to reach an estimated $47.1bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Fujifilm Holdings Corp | 2,944.3 | 222.1 | 7.5 | |
Mark Iv Industries Inc. | 1,928.0 | 98.3 | 5.1 | |
Lubrizol Corp | 1,841.9 | 119.7 | 6.5 |
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Industry revenue is measured across several distinct product and services lines, including Custom compounding of resins, Photographic films, papers and plates and Evaporated salt. Custom compounding of resins is the largest segment of the Chemical Product Manufacturing in the US.
Custom compounded resins
Operators in this industry manufacture a diverse range of chemical products. Key activities include custom compounding of plastic resins and manufacturing toners, toner cartridges, photographic chemicals and sensitized photographic film, paper and plates. Custom compounding of plastic resins includes custom mixing and blending of purchased plastic resins and reformulating plastic resins from recycled plastic products.
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NAICS 32599 - Chemical Product Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Rising prices have lifted revenue. The price of crude oil skyrocketed in recent years, leading to price hikes that have kept revenue growing in spite of uneven demand. This h...
Learn about an industry's products and services, markets and trends in international trade.
The manufacturing sector continues to be the main downstream market for the chemical industry. Manufacturers require chemical products in the production of their own goods.
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Manufacturers congregate in areas close to downstream markets. The industry's manufacturers do this to cut down on transportation costs and ingratiate themselves with downstr...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Larger manufacturers compete for bulk contracts with established manufacturers. Small-scale operations cater to local and regional demand, proportional to their operating cap...
Learn about the performance of the top companies in the industry.
Many major manufacturers are well-established, decades-old companies. Fujifilm, for example, is the second-largest player in the industry.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The chemical sector is one of the most regulated sectors in the United States. Manufacturers are subject to federal, state and local regulations and environmental laws that g...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Unreliable input prices have detracted from the industry's potential profitability. The price of crude oil has fluctuated wildly over the past five years, making it difficult...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Chemical Product Manufacturing in the US industry in United States is $47.1bn in 2024.
There are 1,553 businesses in the Chemical Product Manufacturing in the US industry in United States, which has declined at a CAGR of 0.2 % between 2019 and 2024.
The market size of the Chemical Product Manufacturing in the US industry in United States has been growing at a CAGR of 0.7 % between 2019 and 2024.
Over the next five years, the Chemical Product Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Chemical Product Manufacturing market in United States are Fujifilm Holdings Corp, Mark Iv Industries Inc. and Lubrizol Corp
Custom-compounding resins and Reformulating plastic resins from recycled plastics products are part of the Chemical Product Manufacturing in the US industry.
The company holding the most market share in United States is Fujifilm Holdings Corp.
The level of competition is low and increasing in the Chemical Product Manufacturing in the US industry in United States.