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GROWTH OF CHEMICAL INDUSTRY

Wednesday, December 3, 2014

Chemical industry, complex of processes, operations, and organizations engaged in the manufacture of chemicals and their derivatives. The chemical industry comprises the companies that produce industrial chemicals. It can be described as the industry that uses chemistry and manufactures chemicals. Chemicals have contributed in various sectors like food industry, fertilizers, perfumery, fragrance and flavor etc. There are numerous chemicals produced in chemical industry for example chloroform, caffeine, fertilizers , dyes, drug intermediates, herbicide, inorganic salts, copper sulphate, acetaldehyde etc. Depending on the product categories the chemical industry is divided in many other sectors like drugs and pharmaceuticals, fertilizers, fine chemicals like dyes and paints etc.

The Chemical Industry is one of the most important industries in the modern world. The polymers and plastics are used for construction pipes, tools, materials like acrylics, appliances, electronic devices, transportation, toys, games, packing, clothing and textiles like nylon and polyester, among many other products. Acts are involved in almost every industrial process and are essential in other industries. Polymers come from petrochemical raw materials like liquefied petroleum gas (LPG), natural gas and crude oil or petroleum.

The chemical industry produces 3 types of chemicals-

1) Basic chemicals

2) Specialty chemicals

3) Consumer chemicals

Indian chemical sector has grown a long way since its early days of independence. The sector has grown from a small-scale sector to multi-dimensional sector, which is taking on the challenges of globalization. The chemical industry in India which generates almost 13% of total national export is growing annually at a growth rate anywhere between 10% and 12%.The Chemical Industry in India is based on the idea of diversification. For example inorganic chemicals is the sector where the growth rate is near about 9% and the chemicals produced in this sector are mainly used in alkalis, fertilizers, etc. Driving force of the Indian chemicals market was the demand for pharmaceuticals, but also pesticides as well as colors and paints showed an exceptional market performance. During 2005-06, the industry contributed 17.6% of the manufacturing sector. However the country continues to be a net importer, with exports of US$ 5.95 billion and imports of US$7.92 billion.

 Growing at an average rate of 12.5%, the Indian chemical industry offers a wide spectrum of opportunities for the investors both from India and the world. In the world production of chemicals, Indian industry stands at 12th position. The bulk of chemicals produced in India comprise either upstream products or intermediates, which go into a variety of manufacturing applications

Further information:

The Complete Technology Book on Chemical Industries describes detailed information on subject. The  major contents of this book are- 2-Chloro-6(Trichloromethyl)-Pyridine, Alkyl amines, Alum, Bleaching Powder, Caffeine, herbicide, industrial gases, industrial helogens ,inorganic salts, linalol, perfumery fragrance and flavor, plasticizer, Chemical and Additive for Food Industry, Chloroform (Trichloromethane) CHCl3, Coumarin (C9H6O2), Construction Material, Drug Intermediates & Pharmaceuticals, Dry Cleaning Solvent, Dyes and Intermediates, Ester Gum, Fertilizers, Industrial Gases, Industrial Halogens, Inorganic Chemicals - With Multipurpose, Inorganic Salts, Litharge (Lead Monoxide, Yellow Lead Oxide),zinc sulphate, sulfur and sulfur acid, solvents etc.

In order to get”The Complete Technology Book on Chemical Industries” please visit –

http://goo.gl/o1EuyG

Source: NPCS Team


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