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Tuesday, March 13, 2018

About Chemicals, Gums, Resins - Trade, Technology, Project Information

The concept of a chemical substance became firmly established in the late eighteenth century after work by the chemist Joseph Proust on the composition of some pure chemical compounds such as basic copper carbonate.
  • An enormous number of chemical compounds are possible by combining the roughly 120 chemical elements; currently, about thirty million have been characterized and identified.
  • Every chemical substance carries a unique systematic name, usually named according to the IUPAC rules for naming. An alternative system is used by the Chemical Abstracts Service.
  • The International Council of Chemical Associations today represents 85% of chemical production worldwide.
  • The Indian chemical industry comprises basic chemicals including petrochemicals, fertilizers, inorganic chemicals and other industrial chemicals; specialty chemicals; and agrochemicals.
  • Indian chemical industry has a turn over of US$ 28 billion (Rs. 1200 billion) and accounts for 7% of the total Indian GDP.
  • Chemical production in the U.S. grew strongly in most sectors last year, although the pace of the overall industry didn't match that of the total manufacturing enterprise.
  • In the past and at present, the chemical industry is still concentrated in three areas of the world- Western Europe, North America and Japan . The European Community remains the largest producer area followed by the US and Japan.
  • Instrumental in the changing structure of the global chemical industry has been the growing participation of developing countries and regions

Environmental Issues, Pollution Control Rules & Regulations are very important aspects and pose challenge to Entrepreneurs in the field

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