12 November 2012 17:48 [Source: ICIS news]
HOUSTON (ICIS)—For every new job added in the US polyurethanes (PU) industry in 2010, there were more than four new indirect jobs created, according to data released by the Center for the Polyurethanes Industry (CPI) this month.
CPI described the job multiplier as significant, and noted the industry created 37,700 jobs that indirectly supported nearly 165,000 in companies that rely on PU, including transportation, building and construction, appliances, furniture and bedding.
The PU industry operates in 935 locations in the US, generating $19.7bn (€15.6bn) in revenue, according to CPI.
“While the polyurethanes industry has not yet returned to pre-recession levels, we are seeing positive developments in the sector overall,” CPI senior director Lee Salamone said.
“At the recession’s lowest point, manufacturing output was off by 21%. Although current output remains 5% below its 2007 peak, that is a strong improvement from where the industry was a few years ago. This study confirms the feedback we received at the 2012 Polyurethanes Technical Conference in September – the industry is moving in the right direction.”
The analysis, conducted by the economics and statistics department of the American Chemistry Council, builds upon the 2010 End-Use Market Survey on the Polyurethanes Industry and summarises the importance of the PU industry to the US economy.
It presents both the economic value created by its production activities and the value of the industries that use its products in the production of their output. This report focuses on diisocyanates and associated polyols.
The research was conducted during September 2012 using 2010 end-use consumption patterns, which were the latest available.
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