09.01.15
After a setting a fast pace in 2014, cosmetic chemical volume slowed in recent months, according to The Specialty Chemicals Market Volume Index, a new tool created by the American Chemistry Council (ACC). From June 2014 to June 2015, cosmetic chemical volume jumped 9.0%, but dipped 0.7% in June on a three-month moving average basis, according to the ACC.
Overall, US specialty chemical volume rose a scant 0.1% for the year ended June 2015, and declined 0.3% in June, according to the ACC. In other categories, flavor and fragrance volume rose 4.2% during the past year, but declined 0.6% in June. I&I cleaner volume increased 2.2% for the year, but dropped 0.1% in June.
The latest decline follows steady declines since December as weakness in oilfield chemicals and a few other segments weighed on overall volumes, according to the ACC. Of the 28 specialty chemical segments included in the index, 13 expanded in June, 14 declined and one was flat.
According to ACC, the overall specialty chemicals volume index was up only 0.1% year-over-year also on a 3MMA basis. Year-earlier comparisons were generally in the 4.0-6.8% range during 2012-2014 but since February of this year they have been below that range as the downturn in the oil and gas sectors affected headline volumes.
Overall, US specialty chemical volume rose a scant 0.1% for the year ended June 2015, and declined 0.3% in June, according to the ACC. In other categories, flavor and fragrance volume rose 4.2% during the past year, but declined 0.6% in June. I&I cleaner volume increased 2.2% for the year, but dropped 0.1% in June.
The latest decline follows steady declines since December as weakness in oilfield chemicals and a few other segments weighed on overall volumes, according to the ACC. Of the 28 specialty chemical segments included in the index, 13 expanded in June, 14 declined and one was flat.
According to ACC, the overall specialty chemicals volume index was up only 0.1% year-over-year also on a 3MMA basis. Year-earlier comparisons were generally in the 4.0-6.8% range during 2012-2014 but since February of this year they have been below that range as the downturn in the oil and gas sectors affected headline volumes.