The American Chemistry Council (ACC) estimates that the chemical industry’s downturn is moderating. The ACC forecasts worldwide chemical output to fall 6.3% this year, before increasing 2.8% in 2010 and 4.0% in 2011. By geographic region, Africa and the Middle East are expected to be the strongest in 2009, with output declining only 1.4%. In 2010, chemical output in Asia/Pacific, Latin America, and Africa and the Middle East are estimated to increase 4.1%, 3.7% and 3.5%, respectively. US chemical production is expected to decline 8.1% this year, but increase 1.6% next year and 2.2% in 2011. Excluding pharmaceuticals, US chemical output will decline 11.6% this year and rise 1.2% in 2010.

Source: ACC

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