The American Chemistry Council
(ACC) reported that US specialty chemicals market volumes started the 2nd quarter on a strong note, increasing 0.9 percent in April after an upwardly revised 0.5 percent gain in March and a 0.3 percent gain in February. All changes in the data are reported on a three-month moving average (3MMA) basis. Of the twenty-eight specialty chemical segments we monitor, twenty-four expanded in April, one market experienced decline and three featured no change. During April, large market volume gains (1.0 percent and over) occurred in adhesives & sealants, mining chemicals, oilfield chemicals, plastics compounding and rubber processing chemicals.
The overall specialty chemicals volume index was up 4.7 percent on a year-over-year (Y/Y) 3MMA basis. The index stood at 112.5 percent of its average 2012 levels. This is equivalent to 7.75 billion pounds (3.52 million metric tons). On a Y/Y basis, there were gains among 21 market and functional specialty chemical segments. Compared to last year, volumes were down in five segments.