The nation's top chemical manufacturers saw lower sales last year amid low oil prices and slow economic growth.
Chemical & Engineering News reports that the 50 largest U.S. chemical producers in 2016 reported $260 billion in combined sales for the year, a drop of more than 5 percent compared to sales by 2015's top 50 companies.
Just nine of those 50 companies reported sales increases last year, including just one of the 10 largest chemical makers — PPG Industries at no. 4.
Market leader Dow Chemical reported a decline of at 1.3 percent, followed by a 7.4 percent decline from no. 2 ExxonMobil and a 4.9 percent slide by third-ranked DuPont. Praxair rounded out the top five with 2.2 percent lower sales.
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