SIC 2899 Chemicals and Chemical Preparations, Not Elsewhere Classified

Contenidos

• NAICS CODE(S).
• FURTHER READING.

SIC 2899

This industry consists primarily of establishments engaged in manufacturing miscellaneous chemical preparations, not elsewhere classified, such as fatty acids; essential oils; gelatin (except vegetable); sizes; bluing; laundry sours; writing and stamp pad ink; industrial compounds; such as boiler and heat insulating compounds; metal, oil, and water treating compounds; waterproofing compounds; and chemical supplies for foundries. Establishments primarily engaged in manufacturing vegetable gelatin are classified in SIC 2833: Medicinal Chemicals and Botanical Products; those manufacturing dessert preparations based on gelatin are classified in SIC 2099: Food Preparations, Not Elsewhere Classified; those manufacturing printing ink are classified in SIC 2893: Printing Ink; and those manufacturing drawing ink are classified in SIC 3952: Lead Pencils, Crayons, and Artists' Materials.

NAICS CODE(S)

325510

Paint and Coating Manufacturing

311942

Spice and Extract Manufacturing

325199

All Other Basic Organic Chemical Manufacturing

325998

All Other Miscellaneous Chemical Product Manufacturing

As the specialty chemical industry entered the 1990s, many corporations implemented organizational restructuring coupled with cost reduction measures. Based on these management decisions, the industry appeared to be in the beginning of a business recovery from the cyclical downturn experienced during the last portion of the 1980s. However, the pickup was more difficult and slower than expected, in part because of the continued sluggishness of foreign economies. This factor reduced the export demand for chemicals and, consequently, the industry's trade surplus. Although demand picked up in the late 1990s, the economic downturn of the early 2000s undermined the industry's performance.

Between 2002 and 2005, the value of total industry shipments grew from $12.4 billion to $13.0 billion. Chemical preparations, including essential oils, were the most important category in this industry. Shipments in this sector were $5.5 billion, which accounted for 42 percent of total shipments. Water treating compounds were the second-largest category, with shipments reaching $2.47 billion, or 19 percent. Shipments of automotive chemicals, such as antifreeze and engine cleaning chemicals, were $832 million, representing 6.3 percent of the total. Matches were the smallest category in the industry, accounting for only $50 million, or...