Saturday, December 6, 2014
The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products. Metals in a sense are chemicals because they are produced by chemical means, the ores sometimes requiring chemical methods of dressing before refining; the refining process also involves chemical reactions. Such metals as steel, lead, copper, and zinc are produced in reasonably pure form and are later fabricated into useful shapes. Yet the steel industry, for example, is not considered a part of the chemical industry. Because of the competitiveness within the chemical industry and among the chemicals, the chemical industry spends large amounts on research, particularly in the highly industrialized countries. Investment in the chemical industry as a percentage of total investment in a given country may range from 5 to 15 percent for the less-developed countries; for the industrial countries it averages about 6 to 8 percent. The chemical properties of a substance are a function of its structure, and the techniques of X-ray crystallography now enable chemists to determine the precise atomic arrangement of complex molecules. A molecule is an ordered assembly of atoms.
The global chemical industry is mammoth and growing global chemical output, valued at $171 billion. It is estimated to have increased to about $3.9 trillion. Global volume was expected to rise 2.4%, against 2.7% with improving economic conditions, growth is further likely to improve to 3.8%. Specialty chemical industry growth typically follows the growth of these key end markets. For example, an increasingly urbanized India (cities are likely to comprise 40% of the population by 2030) will double the requirement for clean municipal water by 2020. The chemical sector has witnessed growth of 13-14% in the last 5 years while petrochemicals have registered a growth of 8-9% over the same period. Indian chemical industry is expected to register a growth of 8-9% in the next decade and is expected to double its share in global chemical industry to 5-6%.
FURTHER INFORMATION:
Industrial Chemicals Technology Hand Book describes the detailed information on the subject. The major components of this book are- Iodine from Oil Well Brines, Lactic Acid from Corn Sugar, Organic Chemicals, Petroleum and Its Products, Salt Manufacture, Synthetic Resins & Plastics, Sulfuric Acid from Anhydrite, Synthetic Methanol Production.
In order to get complete information on “Industrial Chemicals Technology Hand Book” please visit- http://goo.gl/uy3tCl
Source: NPCS Team
