The good old chemical industry produces an innumerable number of products which we are using in our daily life. More importantly, this industry is considered to be one of the largest manufacturing sectors in all most in every country which includes both developed as well as emerging one. However, the processes involved in Chemical manufacturing/Chemical Manufacturing method does not only differ from other industries but also known to be more hazardous. Hence, this industry has the highest level of safety standards. This short write up is primarily written to educate the readers and the interested individuals about the importance of the chemical industry in the economy of the nations.
As per the current statistics, the place Ludwigshaven located in Germany is known to have the world’s largest area devoted to the chemical industry. This industry produces various kinds of products according to the needs of the people. Products such as detergents, soaps, and perfumes are the major ones produced directly by this industry and consumed directly by the people across the globe.
The industry also makes few products which are needed to make other products. These chemical products are known as intermediate ones which are consumed even by other branches of chemical industries and other industries. Interestingly, the chemical industry uses a wide range of materials such as air, oil, and minerals. The chemical industry has witnessed some phenomenal changes in the last few decades since other countries besides Europe and America in Asia have started their own chemical industries to propel their economic growth.
These nations include China, India, Brazil and other Asian countries. This change has bought a competition in the chemical industry.The tools like innovation, process development, marketing and other strategic areas became crucial to produce chemical products which are not only cost-effective but also environment-friendly for the end users. In this context, one can surely say that the modern chemical industry is surging ahead of the other industries in driving the overall economy of few nations which promote this industry.
Chemical industry plays a big role in determining the wealth of a nation. According to the findings, this industry contributes one percent of GNP in most of the European nations. This figure is considered to be six percent of the total GNP produced by all other industries. More importantly, the industry offers the best pay-package to the people who are hired in this industry. These people are highly qualified and have unique skills. Also, they need to work in a risky environment, even though every industry follows the safety norms stipulated by the appropriate authorities.
When it comes to processing, chemical industry follows a unique pattern, unlike the other industries. Most of the researches are being carried out at laboratories and universities. After the approvals of the concerned sources, one has to apply the license to produce the new discoveries. It is here, the role of chemical engineers come to play. These are people who convert these discoveries into realistic industrial processes and translate them to produce a larger scale.