Economic outlook: survey reveals optimism among specialty manufacturers about future economic growth
Specialty chemical companies have reason to be hopeful about prospects for economic growth this year. According to recent industry survey data by the Society of Chemical Manufacturers and Affiliates (SOCMA), in partnership with United Business Media (UBM), specialty chemical companies entered 2015 optimistic about higher sales, higher employment numbers and plans to invest and innovate. While, overall, the numbers paint a rosy picture for the specialty chemicals industry going into this year, concerns remain. It is important for stakeholders to continue to advocate for pragmatic industry-friendly laws and regulations to help ensure a positive business outlook.