The chemical industry is one of the United States’ largest manufacturing industries, serving both a sizeable domestic market and an expanding global market. It is also one of the top exporting sectors of U.S. manufacturing. Accounting for over 15 percent of global chemical shipments, the United States is a world leader in chemical production and exports.
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The industry’s more than 10,000 firms produce more than 70,000 products. In 2014, the U.S. chemical industry had sales exceeding $800 billion and directly employed more than 804,000 workers, with additional indirect employment by industry suppliers of more than 2.6 million. With investments of $59 billion in research and development in 2014 and a record strong enforcement of intellectual property rights, the chemicals industry accounts for a significant portion of patents granted in the United States.
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