American Revenue Association

SOCMA Unveils Key Findings from Contract Manufacturing Outlook Survey in the Specialty Chemicals Industry

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星期四, 十二月 7, 2023

ARLINGTON, Va., Dec. 6, 2023 /PRNewswire/ -- The specialty chemical sector, despite facing challenges in 2023, is poised for a robust rebound in 2024, according to a first-of-its-kind Contract Manufacturing Outlook Report conducted by the Society of Chemical Manufacturers & Affiliates (SOCMA).

Key Points: 
  • "SOCMA is uniquely positioned to compile and customize industry data for the specialty and fine chemicals market," said Jennifer Abril , SOCMA President and CEO, "This report is a new component of the association's industry intelligence resources designed to support domestic manufacturing of specialty chemicals and serve as a valuable resource for industry leaders in near-term and outyear planning."
  • The survey collected information on issues such as high-demand chemistries and technologies, immediately available capacities in the industry, and labor, investment, and business trends.
  • Amidst an industry recession and destocking trends in 2023, specialty chemical manufacturers are showing resilience and optimism.
  • The SOCMA Contract Manufacturing Outlook Report illuminates the resilience and strategic focus of the specialty chemicals industry, providing actionable insights for stakeholders navigating the evolving landscape.