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There have been several studies of the scale and complexity of this market for example in the USA. [1] [2] Commodity chemicals are a sub-sector of the chemical industry (other sub sectors are fine chemicals, specialty chemicals, inorganic chemicals, petrochemicals, pharmaceuticals, renewable energy (e.g. biofuels) and materials (e.g ...
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
The specialty chemical market is complex and each specialty chemicals business segment comprises many sub-segments, each with individualized product, market and competitive profiles. This has given rise to a wide range of business needs and opportunities, consequently there are a large number of speciality chemical companies around the world.
A study suggests and defines a 'planetary boundary' for novel entities such as plastic- and chemical pollution and concluded that it has been crossed, suggesting – alongside many other studies and indicators – that more and improved regulations or related changes (e.g. enforcement- or trade-related changes) are necessary.
Also acid ionization constant or acidity constant. A quantitative measure of the strength of an acid in solution expressed as an equilibrium constant for a chemical dissociation reaction in the context of acid-base reactions. It is often given as its base-10 cologarithm, p K a. acid–base extraction A chemical reaction in which chemical species are separated from other acids and bases. acid ...
The selection of the proper index to use depends on the industry in which it is applied. For example, while CE, M&S or IC Index are typically employed for chemical process industries, the ENR (Engineering News-Record) construction index is used for general industrial construction and takes in account the prices for fixed amounts of structural steel, cement, lumber and labor.
The chemical industry of India is a major industry in the Indian economy and as of 2022, contributes 7% of the country's Gross Domestic Product . [1] India is the world's sixth largest producer of chemicals and the third largest in Asia, as of 2022. [2] The value of the Indian chemical industry was estimated at $100 billion dollars in 2019. [3]