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Data Shows Continued Decline in US Specialty Chemicals Market

July 19, 2016

The American Chemistry Council’s (ACC) Specialty Chemicals Market Volume Index showed that the market in the US declined by 0.4% this June, the third consecutive month of reported decline, the organization announced Tuesday. The ACC’s data, measured on a three-month moving average (3MMA), shows the market slipped by 0.3% in May and 0.5% in April.

Among the 28 specialty chemical segments measured by the ACC, the organization said 11 segments expanded in June, two remained stable, and 15 experienced a decline. Only rubber processing chemicals saw a “large” gain of over 1% last month, the organization said.

Overall, the ACC reports that the specialty chemicals volume index was off 1.4% year-over-year, also on a 3MMA basis. Year-earlier comparisons ranged from 4% to 6.8% from 2012 to 2014, but the organization said that the figures fell below that range after February 2015, resulting from a downturn in the oil and gas sectors. The strengthening of the dollar has also impacted export-oriented industries.

On a year to year basis, the ACC said “there were gains among market and functional specialty chemical segments.”

The segments that expanded in June were adhesives and sealants, antioxidants, corrosion inhibitors, food additives, I&I cleaners, lubricant additives, mining chemicals, plastic additives, plasticizers, rubber processing, and water management chemicals. Biocides and coatings showed no change. 

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