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Chemistry

What is the chemical industry?

The chemical industry is one of the present-day economy’s most pivotal sectors. It is a segment focused on the production of various chemicals and related services. This includes the research and development of novel solutions. The industry is among the most pivotal sectors due to the diverse and extensive use of chemicals. This includes medicine, healthcare, biotechnology, and agriculture. The plastics, clothing, cosmetics, construction, and electronics sectors also rely upon the industry. So do the energy, transportation, industrial engineering, automotive, and aerospace segments. Likewise, it applies to the maritime, consumer goods, furniture, jewellery, and mining sectors.

Is the sector high-value?

This results in the industry being one of the most high-value economic segments. For example, it has recently reached a market value of approximately $6.2 trillion. It is also one of the most time-honoured. For instance, the sector has been present since the Industrial Revolution. Innovation is one of the industry's main drivers. It enables the sector to adapt to the latest trends and challenges.

Where does the industry present its wares?

Annual or biannual trade events often present research that leads to new solutions. Such expositions occur in various countries. Among them are the United Arab Emirates and the Swiss Confederation. Some of the most extensive events take place in the Federal Republic of Germany. The chemical industry’s trade expositions feature tens of thousands of participants.