The estimate expects slower growth to take place in bulk chemicals in the subsequent 15 years; as of 2040, chemical shipment values should increase to $454bn.

The EIA report expects chemical companies to take advantage of increasing domestic production of natural gas and crude oil. Chemical manufacturers use natural gas, hydrocarbon gas liquids and petrochemicals as feedstock to produce bulk chemicals, which are needed to create final products such as plastics and fertilizers.

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