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Adhesives.org BLOG: A Renaissance for U.S. Manufacturing - and, by Extension, Specialty Chemicals

Posted By ASC, Thursday, May 18, 2017

BLOG:  A Renaissance for U.S. Manufacturing - and, by Extension, Specialty Chemicals
 
By Dan Murad, Adhesives.org Expert Blogger (The ChemQuest Group, Inc.)

With over 35 years of experience in the specialty chemicals industry in verticals such as adhesives & sealants, paints & coatings, and plastics, I am observing three major trends that are converging in favor of the U.S. specialty chemicals industry. Topping the list is a shift in U.S. manufacturing: More than 300 companies have reshored in the past 6 years, with many returning from China (see Figure 1 for recent reshoring cases).


The renaissance in U.S. manufacturing is revitalizing the chemical industry and enhancing global competitiveness of energy-intensive manufacturing sectors such aluminum, steel, plastics, glass, and transportation. An 8.5% uptick in automotive & light truck sales, which is partly attributable to pent-up demand as the U.S. economy continues its post-recessionary recovery, has been buoyed by low fuel costs. This is especially true regarding the increased demand for pick-up trucks, SUVs and crossovers – a real boon for all of the energy-intensive manufacturing sectors (see Figures 2 and 3)...

 

Read entire blog at ADHESIVES.org

 

Tags:  Industry News 

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