Petrochemical Market Overview in the USA
In value terms, petrochemical production declined to $ in . Over the period under review, production showed a deep setback. The most prominent rate of growth was recorded in 2017 when the production volume increased by % against the previous year. Over the period under review, production hit record highs at $ in 2013; however, from 2014 to , production failed to regain the momentum.
The value of the petrochemical market in the U.S. fell to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a abrupt curtailment. The growth pace was the most rapid in 2017 with an increase of % year-to-year. Over the period under review, the market hit record highs at $ in 2013; however, from 2014 to , consumption failed to regain the momentum.