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The chemical industry comprises the companies and other organizations that develop and produce industrial, specialty and other chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into commodity chemicals for industrial and consumer products.
In general the classification of chemical industry products by the Kline matrix is related to the chemicals' worldwide production (measured for example in tons/year) and to their value added. [6] Following this classification, the chemical industry products are divided into four categories: true commodity: high production and high value added
Their products include industrial drain and waste biologicals, oils and lubricants, and industrial maintenance chemicals. Chemical Specialties also includes X-Chem / Terra Services, an oil field chemical products and services division; Pure Solve, a parts washing service business; and Chem-Aqua, a water treatment service business.
The products include dyestuffs, paints, explosives, adhesives, flavors and fragrances, photographic chemicals, unrecorded media and various industrial specialities. As Speciality Chemical manufacturers, unlike commodity chemical manufacturers, are less dependent on large scale infrastructure, therefore Speciality Chemical companies can be found ...
Chemical & Engineering News publishes an annual list of the world's largest chemical producers by sales, excluding formulated products such as pharmaceutical drugs and coatings. [1] In 2018, sales of the top fifty companies amounted to US$951,000,000,000, an increase of 11.8% compared to the top fifty producers of 2017. [2]
Their production is a part of the wider chemical Industry (where industrial gases are often seen as "specialty chemicals"). Industrial gases are used in a wide range of industries, which include oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medicine, pharmaceuticals, biotechnology, food ...