Chemistry is essential to our economy and plays a vital role in the creation of ground-breaking products that makes our lives and our world healthier, safer, more sustainable and more productive. As the cornerstone of our economy, the industry’s contributions are everywhere – from the products we use every day, to the nearly 6 million men and women whose jobs depend on chemistry, the business of chemistry fuels the economy.
More than 96% of all manufactured goods are touched by the business of chemistry. The chemical industry is a key supplier for a broad range of downstream industries with significant economic impact, including automotive, agriculture, buildings and construction, pharmaceutical, transport, textiles, and many others.
Shale gas reserves in the U.S. are attracting an increased global investment, driving economic growth.
The U.S. is now a global economic magnet with more than $180 billion of planned new investment. Access to vast, affordable new supplies of natural gas from previously untapped shale deposits is one of the most dramatic domestic energy developments of the past 50 years.
The business of chemistry is a $797 billion industry. Much larger than even the automotive and aerospace industries combined.
The business of chemistry provides 810,000 skilled, good-paying jobs earning on average $94,000. And for each one of these, another 6 are created elsewhere throughout our economy.
Virtually everything we come in contact with every day is touched by the business of chemistry. From life-saving and life-enhancing products and technologies including medicines and MRI machines to our smartphones, seatbelts, and sneakers, it all starts with natural gas.
From shale deposit to shopping mall, see how the business of chemistry uses energy and makes this precious resource even more valuable.