U.S. Chemicals Industry, Industry Industry, U.K. Chemical Industry: Analysts Report

Posted October 09, 2018 06:08:01 Analysts at Jefferies Group LLC have a bullish outlook on U.C.

Berkeley and the Chemicals Industrial Industry, which is the top source of U.E. chemicals for the global market, Jefferies said in a research note.

Analysts believe the sector is set to increase earnings from $5.8 billion in 2019 to $9.5 billion in 2020, the analysts wrote.

U.N. sanctions against Iran, North Korea and Syria have made it more difficult for U.U.S.-based manufacturers to export and import the chemicals.

But the sector has added nearly 7,000 jobs in the last year, according to the Bloomberg data.

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Berkeleys manufacturing output has grown to more than 1.4 million metric tons, according the Bloomberg report.

The sector has increased sales of $3.5 trillion and generated $2.7 trillion in revenues, according U.B.A. estimates.