The American Chemistry Council (ACC) reported that reflecting mixed manufacturing activity, U.S. specialty chemicals market volumes were flat in May after falling 0.3% in April and 0.4% in March. All changes in the data are reported on a three-month moving average (3MMA) basis. Of the 28 specialty chemical segments ACC monitors, 13 expanded in May, up from three in April and eight in March.
Performance chemistry reflects trends in manufacturing. For the first quarter as a whole, specialty chemical market volumes were essentially flat, and it appears that the second quarter will be soft as well.