Business Opportunities in the US
Thursday, September 06, 2018
Chemical Industry in Ohio is Driving Engine for many Added Value Chains
Integrated circuits, construction materials, medicine, home entertainment, and solar panels, automotive, aerospace, and sports equipment: The chemical industry is key for many B2B and consumer products. It is starting point as well as driving engine for many added value chains of emerging as well as developed economies. From a global perspective, the US as the largest single economy in the world plays a vital role as a market place for production, processing and consumption of goods.
The economic performance in the USA is expected to increase by 2.8 % per year between 2011 and 2030, chemical production even by as much as 3.3 % - growing more dynamically than in other industrial countries and also more strongly than in the European Union. This strengthens the leading position of the USA as the world’s largest economy, also in attracting foreign investors who recognize opportunities to expand their businesses.