Innovation and Economics
Innovation and Economics
The chemistry industry generates nearly 11 PERCENT OF ALL U.S. PATENTS.
American chemistry INVESTS $26.1 BILLION in company-led research and development, more than any other industry.
The American chemistry industry employs the highest share of knowledge workers, including 80,000 SCIENTISTS, ENGINEERS, AND TECHNICIANS.
Appliances such as refrigerators and air conditioning equipment contain chemistry, including insulation and coolants, that has HELPED IMPROVE THEIR EFFICIENCY by 30-50 percent since the 1970s.
Compact fluorescent light bulbs, made with chemistry to "fluoresce" (give off light), USE 70 PERCENT LESS ENERGY than conventional light bulbs and last 10-20 times longer.
Building insulation materials made from chemistry CONSERVE 40 BTUs OF ENERGY for every BTU of energy consumed to make the material.
American chemistry GENERATES NEARLY 5 MILLION RELATED JOBS in agriculture, automotive, and other industries.
The chemical industry is one of America's top exporters, with $135.1 billion in annual shipments--That's 10 CENTS ON EVERY DOLLAR OF TOTAL AMERICAN EXPORTS.
The chemical industry is one of America's largest industries at $637 billion.
American chemistry generates employee compensation of $68 billion.
The American chemistry industry is the second largest shipper of goods along rail lines, transporting 160 million tons of products annually and paying nearly $6 billion in rail transportation costs.
AMERICAN CHEMISTRY ACCOUNTS FOR 2 PERCENT OF THE U.S. GDP.
The American chemistry industry pay wages 42 PERCENT HIGHER THAN AVERAGE in the manufacturing sector.
