Chemical Market growth factors, share, opportunity, assessment and forecast 2027
The US chemical sector has seen a substantial comeback since the beginning of 2021, with demand increasing from key end areas such as construction and health and safety. This was fueled in part by a rebound in US GDP, which was predicted to expand by 6% to 6.50% in 2021 after declining by 3.50% in 2020. Extreme weather events impacted the industry's supply chain in the first half of 2021, shutting down significant chemical factories along the US Gulf Coast. As supply chain issues improve, idle capacity should come back online and aid inventory expansion. Several commodity chemicals have already surpassed pre-pandemic sales levels in the third quarter of fiscal year 2021. Chemical Market Scope and Research Methodology: The report focuses on Chemical market dynamics such as drivers, restraints,challenges, and opportunities.The Chemical market research provides information on market dynamics by region and segment, making it an investor's guide. Data for the report was gathered