Growth in the global chemical industry has decreased from previous years slowly due to demand, but still saw a slight increase from the previous year. Chemical production in Europe saw an estimated 1.4% decline. Weak economic development and emerging markets were concluded as being the primary contributors to slower demand. Chemical production in the United States saw an increase of 1.5%, benefiting from a decline in gas prices and increase in demand from the automotive industry. A selection of chemical company logos are provided below from some of the largest suppliers and manufacturers in the world.
Chemical production in Asia has seen weaker growth than in previous years. However, production grew more than 10%. In Japan, following the reconstruction of their last natural disaster, production dropped 4.5%. This was attributed to the increases in costs of raw materials that impacted Japan’s ability to compete on an international level.
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