Chemical Industry Expects an Increase in Overall Spending in 2010

SUGAR LAND--December 1, 2009--Researched by Industrial Info Resources (Sugar Land, Texas)--The outlook for 2010 shows some signs of improvement for the Chemical Processing Industry (CPI) in the United States and Canada, with spending forecast to increase by an estimated $1.7 billion. Based on projects identified as part of Industrial Info's North American Project Database, CPI plant owners are showing confidence across most segments of the industry in anticipation that demand will increase in the coming year. Total investments including capital and maintenance turnarounds for 2010 currently exceed $6 billion.