After the turbulent beginning for this year, the US chemical industry is waiting for a promising second half. However, there are some concerns. First, the maker of the US chemistry experienced a severe decline in sales. According to a quarter of the second quarter of the Dow Chemical company, chemical sales dropped more than 20%. This is caused by Pandemi Covid-19, which slows down economic activity and encourages companies to reduce costs. Dow, one of the largest chemical companies in the world, has reduced its workforce by 6%. The company expects to save $ 300 million per year in 2021. In addition, Dow closed several US facilities. This includes solvent plants, small polyurethane plants, and coating reactors.
The chemical industry is very important for modern life. From cleaning and chemicals of agriculture to medicines and adhesives, this industry produces millions of products every year. This makes it a very large and strong industry to deal with. But that can also be frightening if you are new in the business world. Fortunately, there are some resources that can help you navigate the US chemical supply chain.
US chemistry suppliers can help your company get a competitive advantage for your competitors by providing the most cost -effective products and services. By offering the lowest cost to be served, companies can ensure that their customers get quality products at the lowest possible price. US chemistry suppliers will also listen to the needs of their distributor partners and develop products and improve new products to meet their needs. This can even include personal label products for companies that want to avoid high costs.
The first half of this year is very difficult for US chemical supplier. Pandemi Covid-19 undermined oil exploration in the first half of 2018. Meanwhile, the Merger Ecolab-Apprgy was completed in the second half of 2018. The former Nalco championship business has now become Championx, and all of its chemical sales originated from this company. However, the company has also had problems with the state of Alabama because of the release of illegal fluorkimia to the Tennessee River. As a result, the company has conducted an approval order to conduct toxicology testing.
In the near future, the US chemical industry looks ready to be a supplier of the leading raw materials and energy in the world. Reducing the cost of raw materials and energy can spur US producers to reverse their offshore operations and use US chemical suppliers to meet their needs. It is important to ensure that your supplier can give you high quality raw materials and lowest costs.
Dupont, for example, produces resins and adhesives used in 3D printing and assembly. Air products, meanwhile, are leading industrial gas makers. The company also makes oxygen and cryogenic nitrogen plants in places to meet the needs of large users.
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