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Chemical Manufacturing Is Up and Outlook is Good

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By: TOM BRANNA

Editor

Fifty-six percent of chemical companies said the state of the market is “good,” up from just 27% last year, according to Washington, DC-based Synthetic Organic Chemical Manufacturers Association’s (SOCMA) “Second annual business outlook” survey. Additionally, 70% of responding companies expect a 5-10% increase in sales in 2005. However, SOCMA members predict market share held by competitors in evolving foreign markets, such as China, India and Eastern Europe, will double to 40% by 2007. “U.S....

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