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The chemical industry comprises the companies and other organizations that develop and produce industrial, specialty and other chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into commodity chemicals for industrial and consumer products.
In general the classification of chemical industry products by the Kline matrix is related to the chemicals' worldwide production (measured for example in tons/year) and to their value added. [6] Following this classification, the chemical industry products are divided into four categories: true commodity: high production and high value added
Chemical & Engineering News publishes an annual list of the world's largest chemical producers by sales, excluding formulated products such as pharmaceutical drugs and coatings. [1] In 2018, sales of the top fifty companies amounted to US$951,000,000,000, an increase of 11.8% compared to the top fifty producers of 2017. [2]
The products include dyestuffs, paints, explosives, adhesives, flavors and fragrances, photographic chemicals, unrecorded media and various industrial specialities. As Speciality Chemical manufacturers, unlike commodity chemical manufacturers, are less dependent on large scale infrastructure, therefore Speciality Chemical companies can be found ...
A chemical plant is an industrial process plant that manufactures (or otherwise processes) chemicals, usually on a large scale. [1] The general objective of a chemical plant is to create new material wealth via the chemical or biological transformation and or separation of materials. [2]
Certain chemical process yield important basic materials for society, e.g., (cement, steel, aluminum, and fertilizer).However, these chemical reactions contribute to climate change by emitting carbon dioxide, a greenhouse gas, through chemical reactions, as well as through the combustion of fossil fuels to generate the high temperatures needed to reach the activation energies of the chemical ...
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