U.S. output of basic chemicals and plastics will increase 5% annually through 2020, according to an IHS report released this week. "The U.S. competitive advantage is particularly pronounced in energy-intensive industries such as energy-related chemicals, which in the coming years will be a primary beneficiary of lower prices for energy and feedstock," the report says. "Industries such as organic chemicals, resins, agricultural chemicals, petroleum refining, metals such as iron and steel, and machinery are among the top-ranked sectors benefiting from this revolution."

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