By Scott Jenkins |
The American Chemical Council (ACC; Washington, DC; www.americanchemistry.com) published the 2022 edition of the Guide to careers in chemistry, a comprehensive profile of the US chemical industry and its contributions to national and global economies.
US chemicals is the world’s second largest producer, supplying 11% of its chemicals and more than 10% of all US merchandise exports. It is one of America’s largest manufacturing industries, a $517 billion business that provides 537,000 skilled, well-paying jobs. For every job in the chemical industry, more than seven jobs are generated elsewhere in the economy, totaling more than 4.1 million chemical-dependent jobs. Industries that depend on chemistry include building and construction, automotive, IT and electronics, medical equipment and supplies, furniture, appliances, agriculture, and many more.
“In addition to supplying materials used to fight COVID-19, the U.S. chemical industry is a leader in capital investment, with more than $30 billion in new capital spending in 2021,” said Martha Moore, chief economist at ACC. “This investment includes projects to increase capacity and support sustainability and circularity in industry operations. Innovation in materials, applications, and processes is essential to advancing human development, and the U.S. chemical industry invested more than $11 billion in R&D activities last year.
Prepared annually by the Department of Economics and Statistics of the ACC, the Chemistry Business Guide divides the U.S. chemical industry into more than 30 production categories, ranging from inorganic chemicals to plastic resins, adhesives and sealants to oilfield chemicals, and fertilizers to consumer products. Within each segment, the report highlights distinct characteristics including growth momentum, markets, new developments, and other issues affecting each industry.
The individual sections of the guide cover a variety of topics in detail. These include financial performance; US and world trade; innovation; capital investment; use; environment, health and safety statistics; energy; and dissemination. Tables and graphs illustrate the data and provide comparisons with recent years.