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A raw material, also known as a feedstock, unprocessed material, or primary commodity, is a basic material that is used to produce goods, finished goods, energy, or intermediate materials that are feedstock for future finished products. As feedstock, the term connotes these materials are bottleneck assets and are required to produce other products.
The American Chemistry Council estimated that global chemical sales in 2014 rose by 3.7% to US$5,389,000,000,000. [3] In 2018, Forty-eight of the companies on the list disclosed chemical profits, which totaled US$110,100,000,000, an increase of 1.3% from 2017. The average profit margin for chemical operations for these companies was 9.6%. [1]
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.
Alternatively, BTX can be produced by aromatization of alkanes. Benzene is a raw material for dyes and synthetic detergents, and benzene and toluene for isocyanates MDI and TDI used in making polyurethanes. Manufacturers use xylenes to produce plastics and synthetic fibers.
Chemical engineers develop economical commercial processes to convert raw materials into useful products. Chemical engineering uses principles of chemistry , physics , mathematics , biology , and economics to efficiently use, produce, design, transport and transform energy and materials.
MMA is a raw material for the manufacture of other methacrylates. These derivatives include ethyl methacrylate (EMA), butyl methacrylate (BMA) and 2-ethyl hexyl methacrylate (2-EHMA). Methacrylic acid (MAA) is used as a chemical intermediate as well as in the manufacture of coating polymers, construction chemicals and textile applications. [15]
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