Operational Areas of Chemical Companies

Products manufactured by chemical companies possess diversity than unity. Soaps, detergents, agro chemicals and specialty chemicals are the well known varieties of industrial chemicals. Chemical industry employs millions of people ranging from plant foreman to chief executives of corporations. Annual output of chemical industry in United States of America is estimated to be around $400 billion. Chemical industry in many world countries was badly hit by the global economic recession. Nowadays chemical industry is placed on a comeback trail and it is expected that it will regain its lost glory. Lots of merger and acquisitions of large chemical corporations took place in the previous years. Escalating demand and falling cost is a good sign of improvement in chemical industry. Some segments of chemical industries recorded phenomenal growth and best examples are agricultural chemicals and building materials. Low prices of natural gas leave many bright opportunities for chemical industry.