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Have you ever thought about the role of chemicals in our life? When compared with the usage of chemicals before, they got vast importance in this 21st century. From domestic use in our life to the professional to our career, they got a significant role.
According to the latest reports, chemical industries had been emerging worldwide and held an essential place in the economy. Here, we had listed the top five chemical industries in the world.
BASF is the most abundant chemical producer globally and takes the number one place in the world’s top chemical industry in 2017. It is a German company with a sale of 74.06 USD billion in a year. The firm has over 300000 customers and a lakh of employees, founded in 1865. The industry is divided into five segments, such as Chemicals, Performance Products, Oil and gas, Functional materials and solutions, and Agricultural solutions. Their products range from Pesticides in the Agricultural industry to Food additive in the food industry.
DuPont is another primary chemical industry based on the United States of America. It is the combined firm of both DuPont and Dow Chemical. It began its production with gunpowder mill when it was founded in 2017. There are various types of chemical productions. The chemical list includes Corian, kalrez, Kevlar, Kapton, Mylar, Nylon, Nomex, Orlon, Sorona, Rayon, Tedlar, Tyvek, Vespel, Zytel, Zodiaq and others. The primary production of the company is Freon, a type of Chlorofluorocarbon used for refrigerator purposes. They are also used in the manufacturing of polymers, synthetic pigments, and paints.
Dow is the largest USA chemical manufacturing industry and got the second place after BASF in 2017. The primary production of the company is Agrochemicals, plastics, and hydrocarbons. Apart from this, performance plastics like polyurethanes, engineering plastics, and other automotive materials have been produced by this industry. They also export the 6000 finished chemical products, including the hydrocarbon and chlorine-based raw materials to nearly 35 countries. Compared with the other sectors, Dow produces a large amount of caustic soda, chlorine vinyl chloride monomer, ethylene dichloride, and Styrofoam insulations.
Evonik industries produce large amounts of specialized chemicals. They have various sections, including chemicals, real estate, and energy and mining operations. The company has six different chemical production segments, including consumer specialties, advanced intermediates, inorganic materials, coatings and additives, Performance polymers, and health and nutrition. It is ranked in the top 10 chemical companies in the world.
SABIC is the Saudi Multinational chemical manufacturing company which is founded in 1976. The company is rising as one of the largest chemicals producing industry in recent years. If you look upon their sales, it had been increased in a significant range when compared with the last year. The firm is known for its high-quality chemical unit production. Their sale is about 72.40 billion per year.
Apart from Chemical industries, there are many Research chemical organizations are famous in the world like Lizard Labs who have expertise in this field and also selling their products worldwide.
According to the experts, chemical industries would take the leading place in economic prosperity globally wide. Considering the demand from the customer and the need for chemical substances, there will be an exceptional growth of the chemical industries in the future.