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Download Chemistry Industry Fact Sheet
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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