Definition of «global chemical industry»

The global chemical industry refers to the companies and organizations involved in the production, development, and use of chemicals for various purposes such as manufacturing, agriculture, pharmaceuticals, and environmental management. It includes a wide range of products from basic chemicals like petrochemicals, polymers, and bulk chemicals to specialty chemicals used in specific industries or applications. The global chemical industry is diverse, multibillion-dollar sector that plays an essential role in driving innovation, improving living standards, and supporting economic growth around the world.

Usage examples

The global chemical industry is a major contributor to the world economy, generating billions of dollars in revenue each year.
The global chemical industry is undergoing rapid growth, driven by advancements in technology and increasing demand for chemical substances.
The global chemical industry plays a crucial role in various sectors such as healthcare, agriculture, automotive, and manufacturing.
The global chemical industry faces challenges in terms of environmental impact and sustainability, prompting companies to invest in research and development for greener alternatives.
The global chemical industry is highly regulated to ensure the safety and efficacy of chemical products, with various international bodies setting standards and guidelines.
The global chemical industry relies on a complex supply chain, involving raw material sourcing, manufacturing processes, distribution, and sales.
The global chemical industry is witnessing consolidation as major companies merge or acquire smaller firms to gain market share and enhance their product portfolio.
The global chemical industry continuously invests in innovation and new product development to meet changing consumer needs and stay competitive in the market.
The global chemical industry faces geopolitical challenges, including trade tensions and international regulations, impacting global market dynamics.
The global chemical industry plays a vital role in job creation, employing millions of people worldwide in various roles such as research and development, manufacturing, sales, and logistics.

Sentences with «global chemical industry»

This index is developed from government industrial production indices for chemicals from over 65 nations accounting for about 98 percent of the total global chemical industry. (americanchemistry.com)
Thanks to the multi-billion dollar global chemical industry, estrogen is everywhere in the modern environment. (chestsculpting.com)
UQ's Australian Institute for Bioengineering and Nanotechnology (AIBN) brings to the table its expertise in bioplastic production and characterization.Paul Greenfield, the Senior Deputy Vice-Chancellor of UQ, expects to see a shift in the $ 2000 billion global chemical industry from the current reliance on petroleum to one on biomass within the next few decades. (treehugger.com)
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