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.
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.