Post by hameeing on Jul 18, 2013 5:30:39 GMT
Chemical companies are considered as an integral part of modern world economy and new age industries. A chemicals company produces numerous products like polymers, plastics, poly carbonates and organic chemicals. Chemicals are used in the production of consumer goods, agro chemicals, construction materials and textiles. Global chemical industry is a three trillion dollar business and countries of American and European continents are the largest revenue generators. Chemical substances can be primarily divided into basic chemicals, life science chemicals, and specialty chemicals. Polymers, petro chemicals, inorganic chemicals and fertilizers are the major basic chemicals in the industry. Chemical industry is a key contributor to the Gross Domestic Product of a national economy. Chemical manufacturing industry records a higher growth rate than other traditional industries. Polymers are commonly used in home construction, packaging, transportation and toys. Salt, chlorine, soda ash and caustic soda are the inorganic chemicals used in daily life.
High valued and rapidly growing chemical substances are called as specialty chemicals. Specialty chemicals consist of electronic chemicals, industrial gases, catalysts, and cleaning chemicals. It is estimated that there are about 170 large scale chemical corporations in United States of America. Chemical industry is one of the largest consumers of energy in manufacturing business of the world. France and Germany are the largest chemical manufacturers in the European continent. Chemical manufacturing sector accounts for sixty percentage of the entire trade surplus of European Union. Rapid development of chemical industries in India, China and Middle East Countries added an impetus to global economy. Manufacturing industry of chemicals is greatly influenced by labour costs, energy costs and raw material prices.
High valued and rapidly growing chemical substances are called as specialty chemicals. Specialty chemicals consist of electronic chemicals, industrial gases, catalysts, and cleaning chemicals. It is estimated that there are about 170 large scale chemical corporations in United States of America. Chemical industry is one of the largest consumers of energy in manufacturing business of the world. France and Germany are the largest chemical manufacturers in the European continent. Chemical manufacturing sector accounts for sixty percentage of the entire trade surplus of European Union. Rapid development of chemical industries in India, China and Middle East Countries added an impetus to global economy. Manufacturing industry of chemicals is greatly influenced by labour costs, energy costs and raw material prices.