Research in chemical production is the rising trend in the world, especially in developed countries nowadays. Most of the developed countries are earning huge amount in their countries. The foreign exchange earned by these states has a major contribution to their GDP. Most of the factories and laboratories are belongs to Government, semi-government or working in the private sector. Multinational companies like Lizard Labs etc. also have their big laboratories and working for the research and analysis along with the governments by spending a huge amount on producing different types of Chemical items.
Major types of chemical Products:
Chemical products can mainly be categories as plastic and fibres, paints, medicines, coatings, and fine plastics etc. Tens of thousands of peoples are employed in USA, UK, France, Germany and especially in China and other countries to earn good savings for their easy life. Imagine that, apart from common employees, the experts, Doctors and Scientists are also working day and night, not only to earn money but for the discovery of new products, every day. The main products of this chemical are commodity chemicals for polymers, basic plastic, and speciality chemicals. The broad chemical categories include Commodity and basic plastic chemicals, are consist of pesticide, polymers, petrochemicals, inorganic and fertilizers. While the speciality chemicals are comprising of new products like detergents, soap, perfumes, and types of chemicals used in special tasks.
The chemical products industries are growing in not only developed but in developing countries like India, Pakistan, Iran, and Turkey etc. with the passage of time. It is a combined industry though-out the world, which can be seen in every corner from East to West and North to South. The Major multinational companies like Lizard Labs have hubs in Europe and many branches or sub-branches in USA, Australia, and China. Among the other developing states, the Islamic Republic of Pakistan also has the Industry, growing fast and competitive in the world market with every passing day.
Significance of chemical industries:
The chemical industries are one of the most important in the world of other industries. It is responsible for the replacement of raw material into very important and costly items and valuable products. The raw materials consist of raw plastic items, water, gas, air, metals, and minerals into more valued products. These products are not only using in the production of chemical-related items, i.e. pipes, tools, electronics, toys, packings, and appliances. Still, they can also be utilized in making the non-chemical products, e.g. LPG, crude oil, and natural gas etc.