Chemical Industry Overview
Looking for knowledge and key business information on the chemical industry?
TechnoFunc brings to you chemical industry overview, business model, value chain, competitive landscape, and latest trends. The Chemical Industry is comprised of thousands of companies throughout the world that use basic raw materials to produce chemicals that have commercial value to consumers and other industries. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70000 different products. This section is designed to be helpful to consulting houses, industry investors, IT professionals working on chemicals or manufacturing domain and all size companies that sell products or services to chemical sector and industries; organizations looking for knowledge and key business information/competency in the chemicals domain. Quickly enhance your business acumen in the chemical domain and impress your stakeholders in your next meeting!
The chemical industry is critical for the economic development of any country, providing products, and enabling technical solutions in virtually all sectors of the economy. This article provides an overview of the chemical industry, explaining the definition and processes in the chemical domain. Read about the various segments of the chemical industry and what they do. A brief discussion on the major players in the chemical domain and their impact on the global and US economy.
This article provides a concise history of the chemicals industry. How the chemical industry progressed and changed over time. Explore the journey of the Chemical industry from the early ages to the twenty-first century. Chemicals have been manufactured for thousands of years. The history of the chemicals industry can be traced back to ancient times when alkali and limestone were combined to make glass, and sulfur and saltpeter became an explosive that is similar to modern gunpowder.
Fundamentally, the chemicals industry can be divided into two sectors; commodity/basic chemicals and specialty chemicals. Commodity chemicals are manufactured by many different companies however the end product is generally the same with very little variations. There exist other segmentations for this industry as well. Understand the main sectors of the chemical domain.
Chemical Industry is engaged in the development, optimization, and monitoring of fundamental chemical processes used in industry for transforming raw materials and precursors into useful commercial products for society. Learn more about the importance and impact of the chemical industry on agriculture, environment, hygiene, food, painting, etc.
Understand the three critical business models applied by the Chemicals Industry to create value for its customers; asset-driven business model, integrated business model, and specialties business model. This article also explains the chemical industry value chain and provides some practical examples for a better understanding.