Many in the audience at the American Chemistry Council’s recent annual meeting could nod in agreement when Nariman Behravesh, chief economist at the consulting firm IHS Markit, began a keynote talk by explaining the current economic situation with Charles Dickens’s words: “It was the best of times, it was the worst of times.”
Behravesh was describing a world with a bright economic outlook but also a high dose of uncertainty, as the news isn't all good.
That dichotomy is especially sharp for the chemical companies that were at the meeting, held from June 4 to 6 in Colorado Springs.
Thanks to the strong economy and low-cost raw materials, the U.S. chemical industry is doing great. Demand is strong and investment is booming.
thumbnail courtesy of acs.org