First-Quarter Prospects for U.S. Chemical Industry Look Promising

SUGAR LAND--December 6, 2010--Researched by Industrial Info Resources (Sugar Land, Texas)--As the current calendar year quickly comes to a close, attention is rapidly turning to how the approaching year will begin. Most major segments of the Chemical Processing Industry (CPI) experienced a slight uptick in overall capital spending during the latter half of the year, setting an optimistic tone as 2011 begins. Based on project activity planned for the CPI and identified by Industrial Info as part of its North American Project Database, total spending during the first quarter is expected to reach $1.35 billion. This is an increase of 28% over the first quarter of 2010, which reached an estimated $963 million, even after almost $1 billion in projects originally planned for the first quarter of 2011 have been placed on-hold or cancelled entirely.

Other companies featured: Enterprise Products Pipeline LP (NYSE:EPD), Air Products & Chemicals Incorporated (NYSE:APD)