Chem Show Survey Finds Increasing Production Driving New Equipment and Product Spending
Optimism reportedly continues to abound as processing professionals plan their purchasing of equipment into next year. According to a recent survey of several thousand past CHEM SHOW attendees, 77% of respondents said they expect their companies’ production to increase or remain at current levels through 2014. Only 10% predicted there would be a decrease in production.
On a similarly positive note for 2014, two-thirds (63%) of respondents planned to increase capital spending or keep it at similar levels to this year. Furthering this growth trend, nearly half said they have a current project or need and are looking for new suppliers with products and solutions to help them meet the demand.
These results are reportedly consistent with a recent survey of CHEM SHOW exhibitors, in which more than two-thirds of the respondents (67%) said they anticipate industry conditions will improve in 2014. Sixty-four percent of exhibitors said they plan to unveil new products at the event in December.
The 2013 CHEM SHOW is scheduled to take place December 10-12 in New York City.
For more information, visit www.chemshow.com.