The chemical industry is a branch that deals with the manufacturing of chemical products, which are necessary substances and raw products for many other markets and branches of the worldwide economy. Therefore, the chemical industry is at the very beginning of the supply and value chain for many products in our daily life.
The chemical industry is connected to nearly every market
Due to these multiple connections to other segments, the chemical industry one of the largest, but seamlessly one of the most diversified and heterogeneous industries in the world. It is very difficult to give a precise figure for the high number of chemical products, that are manufactured by this industry every day. Important industries that require these substances are, for example, the agriculture and food industry, the oil & gas and the automotive industry as well as coatings, construction, and the water treatment industry.
Specialty chemicals, fine chemicals, and pharmaceuticals
Besides the products with a high volume in the market, often referred to as commodity or technical products, the chemical industry is producing specialty products. Those products, which are, as they already indicate by their name, more specialized to solve a certain issue. Applications can be, for example, food ingredients to create a fluffy bun, defoamers in coatings or water treatment applications of polymer additives to apply a certain behavior to a product. Besides this, the chemical industry produces fine chemicals, which are ultra-pure chemicals and produced in lower volumes, because the cleaning and purification process is very costly.
The chemical industry: More than chemicals
The pharmaceutical industry is a very important part of the chemical industry. Therefore, this whole part of the economy is often referred to as the chemical-pharmaceutical industry. Companies within the pharmaceutical industry are dealing with manufacturing and producing drugs. Besides these activities as one of the later steps in the whole process, the range of activities includes research and development for new active ingredients and dosage forms as well as marketing activities for the newly developed drugs.
These are just some examples, how the chemical industry is connected to various different markets and industries in the worldwide economy. Now, we have listed for you below the industry pages we are writing about.