ACC: Outlook still strong for US chemicals despite supply chain risks

摘要

The outlook for US chemicals production in the second-half of 2021 remains strong despite risks from supply chain constraints and COVID-19 hotspots hitting demand in some regions of the world. Total US chemicals production volumes are expected to grow 1.4% this year, after declining by 3.6% in 2020, according to ACC. Basics production is forecast to increase just 0.5% in 2021, due in part to the impact of winter storms on the US Gulf Coast, but specialties volumes are expected to rise 3.8% and agchems volumes are forecast to increase 1.3%. The recovery in chemicals production should gain steam in 2022 before tapering off. Total chemicals volumes are forecast to grow 3.2% in 2022, with 3.4% growth in basics, 4.1% growth in specialties, and 2.1% growth in agchems.