The chemical industry is one of the United States' largest
manufacturing industries, serving both a sizeable domestic market and an
expanding global market. It is also one of the top exporting sectors of U.S.
manufacturing. Accounting for over 15 percent of global chemical shipments, the
United States is a world leader in chemical production and exports.
The Chemical Industry is based on the transformation of
organic and inorganic raw materials by a chemical process and the formulation
of products. AverickMedia is the only place where you can find highly trusted
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The industry's more than 10,000 firms produce more than
70,000 products. In 2014, the U.S. chemical industry had sales exceeding $800
billion and directly employed more than 804,000 workers, with additional
indirect employment by industry suppliers of more than 2.6 million. With
investments of $59 billion in research and development in 2014 and a record
strong enforcement of intellectual property rights, the chemicals industry
accounts for a significant portion of patents granted in the United States.
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