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The chemical industry generates $486 billion annually and employs 529,000 Americans, and 96% of all manufactured goods are directly impacted by this industry, reports the American Chemistry Council’s (ACC) 2021 Guide to the Business of Chemistry. “While risks for the global economy remain, the U.S. chemical industry is in a strong position going into 2022,” …

While many of the products from the industry, such as detergents, soaps and perfumes, are purchased directly by the consumer others are used as intermediates to make other products, For example, in Europe, 70% of chemicals manufactured are used to make products by other industries including other branches of the chemical industry itself. The industry …