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Current State of the Industry | ||
Market Size (industry trends) | ||
Market Forecast (5-year projection) | ||
Products/Services Breakdown | ||
Revenue per State | ||
Financial Metrics | ||
Salary & Compensation Statistics | ||
Public Company Information | ||
Key Private Companies | ||
Government Vendors | ||
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2024 U.S. Industry Statistics & Market Forecast - Basic Organic Chemical Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Basic Organic Chemical Manufacturing:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
Statistics | 2019 2020 2021 2022 2023 | |
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Market Size (Total Sales/Revenue) |
Order at top of page | |
Total Firms | ||
Total Employees | ||
Average Revenue Per Firm | ||
Average Employees Per Firm | ||
Average Revenue Per Employee |
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
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Market Forecast ($ millions) | ||||||
Projected Industry Growth Rate (%) |
Industry Insights
The Basic Chemical Manufacturing industry is experiencing several key trends that are shaping its future. One trend is the increasing demand for sustainable and environmentally friendly products. Consumers are becoming more conscious of their impact on the environment, and they expect chemical manufacturers to provide products that are eco-friendly and reduce carbon emissions. To meet these demands, chemical manufacturers are investing in sustainable technologies such as bio-based feedstocks and green chemistry practices that are safer for workers and reduce waste.Another trend is the increasing use of digital technologies in the manufacturing process. The integration of digital technologies such as Internet of Things (IoT) devices and Artificial Intelligence (AI) systems is transforming the way processes are monitored and optimized, enabling manufacturers to optimize costs, improve production yield, and enhance product quality.
Moreover, globalization is creating new opportunities for Basic Chemical Manufacturing companies in emerging markets, as well as opening up potential challenges related to geo-political factors such as tariffs and trade wars. This trend is driving companies to form strategic partnerships and joint ventures with local manufacturers to gain a foothold in these regions.
In addition, changing customer preferences and expectations are driving product innovation, prompting companies to invest in research and development to create new and improved products that meet evolving market needs. As a result, industry leaders are increasingly investing in advanced R&D capabilities and collaborations to stay ahead of their competitors and succeed in an ever-changing business landscape.
Finally, regulatory changes and standards such as the European Union's REACH regulation and the U.S. Toxic Substances Control Act are increasingly affecting the industry, requiring companies to be more rigorous in their product testing and ensuring that their products are safe for human and environmental health. These trends will continue to shape the Basic Chemical Manufacturing industry in the years to come, driving innovation and change as the industry adapts to new market dynamics and evolving customer needs.
U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.Industry Average | Percent of Sales (Industry Benchmark) | |
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Total Revenue | Order at top of page |
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Operating Revenue | ||
Cost of Goods Sold | ||
Gross Profit | ||
Operating Expenses | ||
Pension, profit sharing plans, stock, annuity | ||
Repairs | ||
Rent paid on business property | ||
Charitable Contributions | ||
Depletion | ||
Domestic production activities deduction | ||
Advertising | ||
Compensation of officers | ||
Salaries and wages | ||
Employee benefit programs | ||
Taxes and Licenses | ||
Bad Debts | ||
Depreciation | ||
Amortization | ||
Other Operating Expenses | ||
Total Operating Expenses | ||
Operating Income | ||
Non-Operating Income | ||
EBIT (Earnings Before Interest and Taxes) | ||
Interest Expense | ||
Earnings Before Taxes | ||
Income Tax | ||
Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Basic Organic Chemical Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.Profitability & Valuation Ratios | Industry Average |
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Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Basic Organic Chemical Manufacturing industry is performing. | |
Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Basic Organic Chemical Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
Liquidity Ratios | Industry Average |
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Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
Efficiency Ratios - Key Performance Indicators | Industry Average |
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Measure how quickly products and services sell, and effectively collections policies are implemented. | |
Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
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Management Occupations | 10% | Order at top of page |
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Chief Executives | 0% | |||
General and Operations Managers | 2% | |||
Business and Financial Operations Occupations | 6% | |||
Business Operations Specialists | 5% | |||
Architecture and Engineering Occupations | 6% | |||
Life, Physical, and Social Science Occupations | 9% | |||
Office and Administrative Support Occupations | 9% | |||
Installation, Maintenance, and Repair Occupations | 6% | |||
Other Installation, Maintenance, and Repair Occupations | 5% | |||
Production Occupations | 40% | |||
Other Production Occupations | 30% | |||
Chemical Processing Machine Setters, Operators, and Tenders | 13% | |||
Chemical Equipment Operators and Tenders | 12% | |||
Packaging and Filling Machine Operators and Tenders | 7% | |||
Packaging and Filling Machine Operators and Tenders | 7% | |||
Transportation and Material Moving Occupations | 7% | |||
Material Moving Workers | 5% |
Basic Organic Chemical Manufacturing Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Basic Organic Chemical Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Basic Organic Chemical Manufacturing industry and adjacent sectors:Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Basic Organic Chemical Manufacturing industry. |
Source:
Innovation News
- Apr 25, 2024: Basf patents Sulfur-resistant Metal Promoted Small Pore Zeolite Catalysts
- Apr 25, 2024: Basf patents Sulfur-resistant Metal Promoted Small Pore Zeolite Catalysts
- Apr 25, 2024: Basf patents Ynu-5 Zeolite, Methods Of Preparation, And Methods Of Use Thereof
- Jan 24, 2024: Eastman Chemical trademarks "IMMERSE" - Unprocessed artificial resins; Unprocessed thermoplastic compounds, thermoplastic elastomer resins and thermoplastic concentrates for use in manufacturing in a wide variety of industries
- Jan 24, 2024: Calgon Carbon trademarks "AQUAKNIGHT" - units for removing dissolved contaminants from municipal drinking water
- Jan 22, 2024: Verdagy trademarks "VERDAGY" - Consulting relating to industrial production of hydrogen gas using electrolyzers
- Oct 06, 2023: Matrix Adhesives Group raises $4 million in funding.
- Sep 22, 2023: Aligned Carbon raises $3 million in funding.
- Aug 21, 2023: Verdagy raises $35 million in funding.
Recent Federal Contracts for Basic Organic Chemical Manufacturing- Apr 02, 2024: LINDE INC. (Danbury, CT) awarded $9,332,636
- Apr 02, 2024: GILMORE LIQUID AIR CO. (El Monte, CA) awarded $10,229
- Apr 02, 2024: AIRGAS USA LLC (Independence, OH) awarded $19,222
- Apr 02, 2024: RAS ENTERPRISE, LLC (Gulfport, MS) awarded $6,000
- Apr 02, 2024: LINDE GAS & EQUIPMENT INC. (Danbury, CT) awarded $177,360
- Apr 02, 2024: NOVANDI CHEMISTRY AB (Sodertalje, ) awarded $10,400
- Apr 02, 2024: LINDE INC. (Danbury, CT) awarded $9,332,636
- Apr 02, 2024: GILMORE LIQUID AIR CO. (El Monte, CA) awarded $10,229
- Apr 02, 2024: AIRGAS USA LLC (Independence, OH) awarded $19,222
- Apr 02, 2024: RAS ENTERPRISE, LLC (Gulfport, MS) awarded $6,000
- Apr 02, 2024: LINDE GAS & EQUIPMENT INC. (Danbury, CT) awarded $177,360
- Apr 02, 2024: NOVANDI CHEMISTRY AB (Sodertalje, ) awarded $10,400
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