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Fluctuations in crude oil and natural gas prices have affected the chemical manufacturing industry

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Fluctuations in crude oil and natural gas prices have affected the chemical manufacturing industry

The employment rate is expected to decline and job seekers will face fierce competition.

Although output is expected to increase, during 2008-18, wages and salary employment in the chemical manufacturing industry (excluding the pharmaceutical industry) are expected to fall by 13%, and all industries are expected to increase by 11%. The projected decline in employment can be attributed to trends affecting the US and global economy. Several factors will affect employment in the chemical industry, including technological advancements that automate factories and more effective chemical processes that affect production processes, national and world economic conditions, company mergers and mergers, increased foreign competition, the transfer of production activities to foreign countries, and the environment Health and safety issues and legislation. Another trend in the chemical industry is the increasing demand for specialty chemicals. Chemical companies have found that in order to remain competitive, they must differentiate their products and produce specialty chemicals, such as advanced polymers and plastics designed for customer specific uses—for example, durable car body panels.

Improvements in production technology have reduced the demand for production workers; installation, maintenance and repair; this accounts for a large proportion of the chemical industry. In standard production, precision machines with computer control have replaced some workers. With automation, manufacturers can improve accuracy and reduce time and labor costs, thereby helping to increase production efficiency. Although as the use of computer control increases, production facilities will be easier to operate, but new production methods will require workers to have a better understanding of these systems.

It is very important for the company to improve the bottom line. The pressure to reduce costs and increase production efficiency will lead to mergers and mergers of American and foreign companies. Through mergers and merging, chemical companies can reduce repetitive tasks and departments, and move operations to the lowest cost place, thereby increasing profits. It is expected that US companies will transfer some production activities to developing countries such as East Asia and Latin America to take advantage of the rapidly expanding market.

Fluctuations in crude oil and natural gas prices have affected the chemical manufacturing industry. There are some chemical information. Similarly, the price of chemical raw materials may be unstable, such as ethane or propane used in the production of petrochemicals, plastics, fertilizers and other products. Therefore, the price of chemical products will inevitably fluctuate, and the demand for chemical products will also fluctuate. If the prices of these inputs continue to be high, the demand for chemical products will decrease, and manufacturers will need to hire fewer workers; if the prices of inputs continue to fall, the opposite will happen.

In the United States, more and more people are interested in "green", which may affect the chemical manufacturing industry. For example, the United States is working hard to reduce emissions. As manufacturers impose restrictions on their emissions, the production costs of chemical products will rise, possibly reducing demand. In addition, many places are considering restricting the use of plastic shopping bags produced by the chemical industry.

Factors affecting employment in the chemical manufacturing industry will affect different sectors of the industry to varying degrees. Only one sector-the paints, coatings and adhesive products sector-is expected to grow. The remaining part is expected to be unemployed.

Individuals seeking jobs in the chemical manufacturing industry are expected to face fierce competition, especially those seeking to enter the industry for the first time. For production jobs, opportunities are most suitable for people with experience and continuing education. For professional and management positions, applicants with experience and high education should have the best prospects. In addition, some job opportunities will also appear because of the need to replace workers who have moved to other occupations or retire or leave the labor force for other reasons.

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