In 2023, the total hours worked in the U.S. chemical, rubber, plastics, fuel products, and other non-metallic mineral products sector stood at 4.24 billion hours. The forecasted data suggest a slight but consistent increase in activity, reaching 4.27 billion hours by 2028. Year-over-year growth is modest, showing a 0.24% increase from 2024 to 2025 and remaining stable through 2027, with a slight rise in 2028. The Compound Annual Growth Rate (CAGR) over this period is approximately 0.14%, indicating a steady, if limited, growth pattern.
Future trends to watch for include:
- Technological advancements in production processes potentially boosting efficiency.
- Energy policies impacting fuel products and related sectors.
- Shift towards sustainable materials affecting product Mix in chemical and plastics.