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Trends in Modern Chemical Industry
Topic Started: Jan 6 2014, 03:51 AM (36 Views)
hermisha


chemical manufacturing companies in the world have grown tremendously in the past two decades. They bring a substantial amount of foreign currency to the national exchequer and create thousands of job opportunities. Chemical manufacturers, suppliers and distributers play a pivotal role in industrial growth of a country. Chemical industry in many world countries is a relatively old one dating back to the beginning of 19th century. It is considered as one of the fastest growing industrial sector with enormous growth potential. According to chemistry experts, chemical companies in the globe produce more than 65000 products. Apart from this, chemical organizations provide raw materials to different industrial segments. Chemical manufacturing companies are engaged in the production of chemical substances like alkalis, fertilizers, detergents, and pharmaceuticals.
Plastics, dyes, pesticides, agrochemicals, and glass make use of various kinds of industrial chemicals. Import and export activities in the chemical industry recorded phenomenal growth in the previous decade. Some chemical companies outsource organic and non organic chemical manufacturing to external organizations. Chemicals and polymers are usually needed in large quantities for the industrial production. Major countries in Asian, European and African continents converted chemical industry to their principal revenue generation method. It resulted in the increase of chemical companies in modern world countries rich in mineral resources. Different countries such as China, Singapore, United Kingdom and United Arab Emirates import numerous chemical compounds. Quality of chemicals manufactured in many Asian and African countries are at par excellence with global standards. Raw chemical materials imported from Asian and African countries are very cheap.
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