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America Counts: Stories Behind the Numbers
U.S. Chemical Manufacturers Grew Despite Overall Manufacturing Decline
Most people may not realize the close connection they have with the Chemical Manufacturing industry, but it’s a subsector that helps create commonplace products we all use, from ink and soap to plastics and medicine.
And it’s a portion of American manufacturing that has grown in recent years, running counter to the overall decline in manufacturing establishments and firms from 2017 to 2022, according to the most recent Economic Census.
Businesses that manufacture chemicals run the gamut from refining oil into margarine to synthesizing willow bark into aspirin.
The number of U.S. Chemical Manufacturing establishments (NAICS 325) increased 10.2% from 13,571 in 2017 to 14,961 in 2022 while the number of Manufacturing sector establishments as a whole decreased 1.7% during the same period, from 291,586 to 286,626, according to 2022 Economic Census data.
Continue reading to learn more about growth in the Chemical Manufacturing industry and what's driving it.
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