The specialty chemical sector, despite facing challenges in 2023, is poised for a robust rebound in 2024, according to a first-of-its-kind
The survey collected information on issues such as high-demand chemistries and technologies, immediately available capacities in the industry, and labor, investment and business trends.
Survey Takeaways:
- Anticipation of Positive Outlook in 2024
Amidst an industry recession and destocking trends in 2023, specialty chemical manufacturers are showing resilience and optimism. - Strategic Investments and Business Growth
The data further indicates a strong emphasis on capital investments among both tollers and their customers. - Reshoring and Collaborations in North America
Post-pandemic, there is a discernible push for reshoring chemical products and fostering greater manufacturing collaborations in North America.
The SOCMA Contract Manufacturing Outlook illuminates the resilience and strategic focus of the specialty chemicals industry, providing actionable insights for stakeholders navigating the evolving landscape.
For more information or to purchase the full report, visit
For questions or inquiries, contact:
Amber Thichangthong
(571) 348-5100
info@socma.org
