The Annual Paint & Automotive Outlook 2018

2018 looks to be a promising year for the chemical products industry. In spite of seismic changes to the economic and political environment, scientists and researchers continue to forge new paths forward, creating innovative new products and finding ways to be active in new fields and markets. Green science and sustainability continues to be a major theme of the industry; major companies continue to dedicate efforts to finding sustainable solutions and reduce their environmental impact.

Meanwhile, the automotive industry continues to prosper in the United States. Interest in electric cars continues to trend upward as costs decrease and new innovations improve battery technology. Sales of electric cars such as the Tesla and the GM Bolt rise as driving ranges approach 300 miles and price tags continue to drop.

The excellent presence and interest in National Manufacturing Day each October is a testament to the continued resilience of American manufacturing. More than 18.5 million Americans are employed in the industry, with each dollar spent on American manufacturing creating an additional 40 cents for the United States economy. Events connected to National Manufacturing Day were aimed at creating awareness of the breadth and depth of American industry and how it ranges from the shop floor and scientist lab to a number of residential, commercial, and military applications.

In that vein, support for science and manufacturing education continues to increase on campuses across the country. Since the 2008 recession in particular, enrollment in STEM programs and support by government administrations at all levels has been on a steady rise. As a result, the total number workers in these fields have grown at a 3% clip through 2013 compared to 2% for the general workforce.

Gage Products Company continues to stand at the forefront of these changes, offering efficient, sustainable solutions in these and a number of other industries. We’d like to thank all of our customers, partners, and employees for a successful and exciting 2017 and look forward to an even better 2018!

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