Organic Chemical Manufacturing in Minnesota - Industry Market Research Report

Organic Chemical Manufacturing in Minnesota - Industry Market Research Report

  • September 2018 •
  • 20 pages •
  • Report ID: 5597113 •
  • Format: PDF
Corny recovery: The industry will rebound as the price of corn resurges

Abstract

Organic Chemical Manufacturing in Minnesota
The Organic Chemical Manufacturing industry in Minnesota manufactures basic organic chemicals (other than petrochemicals), industrial gases and synthetic dyes and pigments. Key product groups include gum and wood products, ethyl alcohol and other basic organic chemicals. These products are intermediates that are used as inputs by other manufacturing industries in downstream production. Over the five years to 2018, the industry has declined in response to sharp downturns in the price of corn, which provides raw material for a majority of industry products. Operators in Minnesota have experienced a similar rate of decline to that of the national industry, despite differences between the state and national industry structures. Over the five years to 2023, the Organic Chemical Manufacturing industry in Minnesota is expected to rebound as the price of corn increases. Demand from downstream manufacturers is also projected to continue growing, further boosting revenue.

This industry manufactures basic organic chemicals (other than petrochemicals), industrial gases and synthetic dyes and pigments. Key product groups include gum and wood products, cyclic crudes and intermediates, ethyl alcohol and other basic organic chemicals. These products are predominantly intermediates used as raw material inputs by other manufacturing industries in downstream production.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Loading...

We are very sorry, but an error occurred.
Please contact support@reportbuyer.com if the problem remains.