Chemical Production Regional Index

Chemical Production Continues to Rise as Domestic and Global Output Expands in 3rd Quarter

“U.S. chemical production expanded in the third quarter of 2024, up by a modest 0.2% from Q2” said David Lan, ACC’s Director of Economics and Statistics. “Production rose in most regions except for the West Coast. The most significant increase was in the Gulf Coast region.”

“Global production also improved, up 0.6% during Q3” Lan added. “Output increased in most regions except Europe, Japan, Canada, Mexico, and India. The most significant percentage increases were seen in South America, as Brazil recovers from the destructive flooding that persisted through much of May.”

Key findings:

Output in the U.S. was higher than last quarter. Capacity utilization also tightened as U.S. manufacturing activity ticked up. Production also improved on a year-over-year basis.
In the U.S., the output of consumer products, basic organics plastic resins and synthetic rubber trended higher. These gains were offset by lower production of agricultural chemicals, inorganics, manufactured fibers, coatings, and other specialty chemicals.
The gain in the third quarter reflects higher chemical production in several major producing countries, including the United States, China, and Brazil. It is worth noting that Brazilian production jumped by 11% as economic activity resumed in areas impacted by the flood.
Global output is up in all segments, with specialty and agricultural chemicals leading the pack.

Chemical Production Regional Index

Chemical Production Continues to Rise as Domestic and Global Output Expands in 3rd Quarter

Key findings:

Additional Data

U.S. Segment Trends

U.S. Regional Trends

Global Trends by Major Producers

Global Trends by Segment