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!
Microtechnology industry is hiring – positive developments of past years continue
09.04.2018 | IVAM Fachverband für Mikrotechnik
RWI/ISL-Container Throughput Index with minor decline on a high overall level
20.03.2018 | RWI – Leibniz-Institut für Wirtschaftsforschung
Live event – July 1, 2020 - 11:00 to 11:45 (CET)
"Automation in Aerospace Industry @ Fraunhofer IFAM"
The Fraunhofer Institute for Manufacturing Technology and Advanced Materials IFAM l Stade is presenting its forward-looking R&D portfolio for the first time at...
With an X-ray experiment at the European Synchrotron ESRF in Grenoble (France), Empa researchers were able to demonstrate how well their real-time acoustic monitoring of laser weld seams works. With almost 90 percent reliability, they detected the formation of unwanted pores that impair the quality of weld seams. Thanks to a special evaluation method based on artificial intelligence (AI), the detection process is completed in just 70 milliseconds.
Laser welding is a process suitable for joining metals and thermoplastics. It has become particularly well established in highly automated production, for...
A research team from the Max Planck Institute for the Structure of Dynamics (MPSD) and the University of Oxford has managed to drive a prototypical antiferromagnet into a new magnetic state using terahertz frequency light. Their groundbreaking method produced an effect orders of magnitude larger than previously achieved, and on ultrafast time scales. The team’s work has just been published in Nature Physics.
Magnetic materials have been a mainstay in computing technology due to their ability to permanently store information in their magnetic state. Current...
The Venus flytrap (Dionaea muscipula) takes only 100 milliseconds to trap its prey. Once their leaves, which have been transformed into snap traps, have...
NASA-NOAA's Suomi NPP satellite observed a huge Saharan dust plume streaming over the North Atlantic Ocean, beginning on June 13. Satellite data showed the dust had spread over 2,000 miles.
At NASA's Goddard Space Flight Center in Greenbelt, Maryland, Colin Seftor, an atmospheric scientist, created an animation of the dust and aerosols from the...
19.05.2020 | Event News
07.04.2020 | Event News
06.04.2020 | Event News
01.07.2020 | Physics and Astronomy
01.07.2020 | Power and Electrical Engineering
01.07.2020 | Physics and Astronomy