Agricultural chemicals play a crucial role in the farm economy and the food processing sector. In the past 56 years, farmers have doubled the production of world food supplies.
This segment includes organic and inorganic chemicals, plastic resins, dyes, and pigments. Plastic resins, in particular, have experienced significant growth in recent years.
Specialty chemicals include adhesives and sealants, water treatment chemicals, plastic additives, catalysts, and coatings.
The Chemicals industry is Highly Fragmented. The production in this industry is divided among many different companies, no single firm has large enough share of the market to be able to influence the industry's direction or price levels.
Primary Demand Drivers
- Overall health of the domestic economy
- Efficient operations
From the Blog
Research in climate change suggests that even an incremental increase in average global temperatures can trigger disastrous effects around the world. Although efforts are being made to curb carbon dioxide emissions and sustain stable environments, climate scientists warn that “there will still be consequences" if more drastic actions are not taken. Global businesses that depend on vast energy usage are now paying attention to new corporate social responsibility (CSR) initiatives.
- SelectUSA (Date Accessed: 6/1/2017)