Growing demand for chemicals used in agriculture, electronics, cars and airplanes will boost an industry that generates $674 billion in sales in the U.S. alone, but expiring patents and global economic woes will take a toll.
These forecasts and others are in the cover story in the current issue of Chemical & Engineering News (C&EN), the weekly newsmagazine of the American Chemical Society, the world's largest scientific society.
C&EN points to positive developments for some chemical manufacturers, like Boeing ramping up production of its Dreamliner planes, a boon for makers of high-tech glues and carbon fiber. The article explains U.S. chemical firms will be more competitive globally due to low prices of natural gas and other raw materials and good opportunities for exports. Petrochemical producers are looking past 2012, according to the article, and several companies plan to build new manufacturing plants to take advantage of the growing supply of natural gas in the U.S.
At the same time, the pharmaceutical industry is facing the challenge of expiring patents on some of its most popular drugs, which will allow generic manufacturers to grab profits from big-name companies like AstraZeneca. The story also predicts slowing growth in Asia will hurt a number of chemical industries, especially makers of paint and other construction materials. For chemical makers, the article says, "2012 is likely to be a year to endure rather than enjoy."
The American Chemical Society is a nonprofit organization chartered by the U.S. Congress. With more than 163,000 members, ACS is the world's largest scientific society and a global leader in providing access to chemistry-related research through its multiple databases, peer-reviewed journals and scientific conferences. Its main offices are in Washington, D.C., and Columbus, Ohio.
To automatically receive news releases from the American Chemical Society contact firstname.lastname@example.org
Michael Bernstein | EurekAlert!
RWI/ISL-Container Throughput Index ending 2017 on a positive note
24.01.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
Uncovering decades of questionable investments
18.01.2018 | University of Texas at Austin, Texas Advanced Computing Center
For the first time, a team of researchers at the Max-Planck Institute (MPI) for Polymer Research in Mainz, Germany, has succeeded in making an integrated circuit (IC) from just a monolayer of a semiconducting polymer via a bottom-up, self-assembly approach.
In the self-assembly process, the semiconducting polymer arranges itself into an ordered monolayer in a transistor. The transistors are binary switches used...
Breakthrough provides a new concept of the design of molecular motors, sensors and electricity generators at nanoscale
Researchers from the Institute of Organic Chemistry and Biochemistry of the CAS (IOCB Prague), Institute of Physics of the CAS (IP CAS) and Palacký University...
For photographers and scientists, lenses are lifesavers. They reflect and refract light, making possible the imaging systems that drive discovery through the microscope and preserve history through cameras.
But today's glass-based lenses are bulky and resist miniaturization. Next-generation technologies, such as ultrathin cameras or tiny microscopes, require...
Scientists from the University of Zurich have succeeded for the first time in tracking individual stem cells and their neuronal progeny over months within the intact adult brain. This study sheds light on how new neurons are produced throughout life.
The generation of new nerve cells was once thought to taper off at the end of embryonic development. However, recent research has shown that the adult brain...
Theoretical physicists propose to use negative interference to control heat flow in quantum devices. Study published in Physical Review Letters
Quantum computer parts are sensitive and need to be cooled to very low temperatures. Their tiny size makes them particularly susceptible to a temperature...
15.02.2018 | Event News
13.02.2018 | Event News
12.02.2018 | Event News
20.02.2018 | Life Sciences
20.02.2018 | Medical Engineering
20.02.2018 | Physics and Astronomy