Chemical Industries are the prime factors to convert the raw materials into desired products that we use in our day-to-day life. This has brought a tremendous change in the way the things operate. It is very important for us to understand the importance of the chemical industry which has touched all our facets of life like Agriculture, Environment, Food, Hygiene, Décor, and Transportation etc. It has also significantly used in re-cycling industries to curb the usage of virgin products. The diversified chemicals market is comprised of companies that produce a diverse range of chemical products.
Basic chemicals, produced in large quantities, are mainly sold within the chemical industry and to other industries before becoming products for the general consumer. More than 80% of the chemical industry concentrates on producing polymers, and plastics.
Some types of materials are generally tracked throughout the chemical industry: Aromatic chemical, Butadiene and Base oil.
There are many routes to the same product and many uses for the same product. The largest use for ethylene glycol, for example, is as an automobile antifreeze, but it is also used as a hydraulic brake fluid. Further processing leads to many derivatives that are used as additives in the textile, pharmaceutical, and cosmetic industries; as emulsifiers in the application of insecticides and fungicides; and as demulsifiers for petroleum. The fundamental chemicals, such as chlorine or sulfuric acid, are used in so many ways as to defy a comprehensive listing.