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New Jersey Chemistry: Economic Impact


Unlocking the potential of chemistry is central to over 96% of all manufactured goods, cementing its status as a cornerstone of our nation's economic landscape. This dynamic industry delivers substantial economic benefits across every state.

In New Jersey, the chemical sector reigns as the largest manufacturing industry, boasting a robust $15.48 billion valuation and securing its position as the 8th largest chemistry producer nationwide.

Employing a workforce of 48,000 individuals, including professionals in pharmaceuticals and medicine manufacturing, the chemistry companies in the state provide a robust job market. Chemical manufacturers alone contribute 19,000 direct jobs, complemented by an additional 24,471 related employment opportunities.

These chemistry industry jobs offer more than just employment; they are high-paying, with an average wage of $106,822. This figure surpasses the average manufacturing wage by 15%, underlining the financial stability provided by the sector.

Contributing significantly to the state's economy, the chemistry industry generates a staggering $2.10 billion in payroll. Additionally, it plays a pivotal role in funding public services, contributing $618 million in state and local taxes, and $604 million in federal taxes.

Beyond economic contributions, the business of chemistry in New Jersey stands as a vital force addressing challenges at local, national, and global levels. Through innovation, this industry is actively shaping a future where lives are healthier, environments are safer, and our world is more sustainable and productive.

Snapshot

Total Employment (Chemical, Pharmaceutical, Medicine Manufacturing) 48,000    
Employment Chemical Manufacturing Only 19,000 State Rank 10
Chemical Industry Average Wages $106,882 Stae Rank 4
Value of Output ($bill) $15.48 State Rank 8
Exports ($bill) $9.24 State Rank 3

Source: NJ Department of Labor;  2023 Guide to the Business of ChemistryChemistry Matters - New Jersey Impact