The forecast for production of chemical, rubber, plastics, fuel products, and other non-metallic mineral products in the US indicates a gradual upward trend from 2024 to 2028. The value is projected to rise from $1.8419 trillion in 2024 to $1.9067 trillion in 2028, showing consistent growth each year.
Key trends include:
- Year-on-year increases reflect a stable economic environment and growing demand.
- The Compound Annual Growth Rate (CAGR) over the five-year forecast period is modest yet positive, indicating sustained but moderate industry expansion.
Future trends to watch for include potential impacts from environmental regulations, technological advancements in production processes, and shifts in global supply chain dynamics that may alter production capacities or demand.
