The US chemical industry will see the considerable growth of 2.0% during the forecast period. COVID-19 negatively impacted the operations of the chemical industries in the country due to the disruptions in the supply chain and closure of manufacturing plants. Though, the market players considerably overcome the loss with the production of hygiene and medical products for COVID-19. Some of the announcements made by the market players amidst the COVID-19 pandemic are-
- To fulfill the growing need for critical protection and supplies in the fight against COVID-19, DuPont De Nemours, Inc. has increased its production capacity of Tyvek protective fabric. The company has partnered with the US Department of Health and Human Services (HHS) and FedEx to provide expedited shipping of Tyvek garments critical to COVID-19 relief efforts. Further, in April 2020, the company partnered with Cummin to supply material for the N95 respiratory mask to address the shortage of N95 respirator masks in the US.
- ExxonMobil Chemical Co., Inc. is among the leading producer of isopropyl alcohol, which is used to create a range of goods, including hand sanitizer, rubbing alcohol and other sanitization products. Another vital product, the company manufactures is polypropylene, which is required for surgical masks and gowns, as well as protective masks known as N95 respirators. The company prioritized shipment logistics and warehousing to increase shipment of materials required for medical masks and protective clothing.
- Eastman in March 2020, partnered with the Tennessee Higher Education Commission (THEC) and Austin Peay State University for supporting the local production of 10,000 protective face shields for medical personnel in the state capital of Nashville.
Browse the full report description of "US Chemical Market Size, Share & Trends Analysis Report by Type (Petrochemicals, Basic Inorganic, Polymers, Specialty Chemicals, Consumer Chemicals, and Others), Impact of COVID-19 on US Chemical Industry, and Forecast 2019-2025" at https://www.omrglobal.com/industry-reports/us-chemical-market
Market Coverage
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Report Elements
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Details
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Study Period
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2018-2025
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Base year
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2018
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Forecast period
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2019-2025
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Segments Covered
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By Type
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Key Companies Profiled
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DuPont De Nemours, Inc.,
Eastman Chemical Co., ExxonMobil
Chemical Co., Inc., The Dow Chemical Co., and Chevron Phillips
Chemical Company LLC
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in base year?
- Which segment will project fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
o Recovery Timeline
o Deviation from pre-COVID
o Most affected segment
o Recommendations
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
US Chemical Market – Segmentation
By Type
- Petrochemicals
- Basic Inorganic
- Polymers
- Specialty Chemicals
- Consumer Chemicals
- Others
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