Celanese - Competitors

Celanese Competition

Now Viewing Celanese's competition in: Chemical Manufacturing - Industrial (primary)

Recent Developments

Basic Chemical Exports, Imports Increase - US basic chemical exports rose 14.7 percent in 2007 compared to 2006; imports rose 9.1 percent. Exports to 13 of the 15 top destinations for US-made basic chemicals also increased. Basic chemical export growth is likely to continue due to the weak value of the US dollar.

Organic Chemical Production Down - Production of basic organic chemicals in the US fell 5.6 percent in April 2008 compared to the same period in 2007, while production of pesticide, fertilizer, and other agricultural chemicals made with basic organic chemicals fell 2.3 percent. Production of basic inorganic chemicals rose 9.6 percent, and industrial gas production rose 21.3 percent.

Ethanol Tax Credit Cut in Farm Bill - The Farm Bill passed by Congress in early 2008 includes a measure to cut the ethanol tax credit from 51 cents per gallon to 45 cents. US chemical manufacturers may be impacted, because some chemicals are used in ethanol production and others are a byproduct of it. The bill also cuts taxes on US ethanol imports; US ethanol production may decline as a result.

Competitive Landscape

Demand depends on the overall strength of the US economy, because most industrial chemicals are used in the manufacture of more-complicated products like fibers, plastics, paints, and paper. The profitability of individual companies is closely linked to efficient operations, because most products are commodities. Big producers have large economies of scale in production, which is why some chemicals are made by just a handful of companies. Small companies can compete effectively by making specialized or highly-purified products. The industry is highly automated: average annual revenue per employee is over $600,000.

Full Industry Overview For Chemical Manufacturing - Industrial

Chemical Manufacturing - Industrial Industry Forecast

from Hoover's/D&B subsidiary First Research

The output of US petrochemicals, industrial gas, synthetic dyes and pigments, and other basic chemicals is forecast to grow at an annual compounded rate of 6 percent between 2007 and 2012.

Industrial Chemicals Manufacturing Growth Volatile

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.