Download Chemistry Industry Fact Sheet

THE BUSINESS OF CHEMISTRY
BY THE NUMBERS
Chemistry is essential to our economy and plays a vital role in the creation of
ground-breaking products that make our lives and our world healthier, safer,
more sustainable and more productive.
THE BUSINESS
$797
OF CHEMISTRY IS A
BILLION ENTERPRISE
THE BUSINESS OF
CHEMISTRY PROVIDES
810,000
SKILLED, GOOD-PAYING
AMERICAN JOBS
THE BUSINESS OF
CHEMISTRY ACCOUNTS FOR
14% OF U.S. EXPORTS,
$184 BILLION IN 2015, AND IS THE
LARGEST EXPORTER IN THE U.S.
A LEADER IN
PRODUCTION, THE
U.S. CHEMICAL INDUSTRY
PROVIDES OVER
15%
OF THE WORLD’S
CHEMICALS
MORE THAN
881
MILLION
TONS OF PRODUCTS WERE
TRANSPORTED IN 2015,
MAKING THE BUSINESS
OF CHEMISTRY ONE OF THE
COUNTRY’S LARGEST SHIPPERS
CAPITAL INVESTMENT
BY THE BUSINESS OF CHEMISTRY
REACHED NEARLY
$44
BILLION
JUNE 2016
THE BUSINESS
OF CHEMISTRY
= 26%=
SUPPORTS NEARLY
OF THE U.S. GDP
MORE THAN
96%
OF
ALL
MANUFACTURED
GOODS ARE
DIRECTLY TOUCHED BY
THE BUSINESS
OF CHEMISTRY
IN 2015, INCLUDING INVESTMENTS
IN STRUCTURES AND EQUIPMENT
CHEMICAL COMPANIES INVESTED
$93
BILLION
IN RESEARCH AND
DEVELOPMENT IN 2015
THE AVERAGE ANNUAL PAY IN
THE BUSINESS OF CHEMISTRY IS
$94,000
THAT’S 47% HIGHER
THAN THE AVERAGE
MANUFACTURING PAY
FOR EVERY JOB CREATED BY THE
BUSINESS OF CHEMISTRY, 6.3 ARE
GENERATED ELSEWHERE IN THE
ECONOMY, TOTALING NEARLY
6 MILLION JOBS