About Chemicals, Gums, Resins - Trade, Technology, Project Information

The concept of a chemical substance became firmly established in the late eighteenth century after work by the chemist Joseph Proust on the composition of some pure chemical compounds such as basic copper carbonate.

• An enormous number of chemical compounds are possible by combining the roughly 120 chemical elements; currently, about thirty million have been characterized and identified.
• Every chemical substance carries a unique systematic name, usually named according to the IUPAC rules for naming. An alternative system is used by the Chemical Abstracts Service.
• The International Council of Chemical Associations today represents 85% of chemical production worldwide.
• The Indian chemical industry comprises basic chemicals including petrochemicals, fertilizers, inorganic chemicals and other industrial chemicals; specialty chemicals; and agrochemicals.
• Indian chemical industry has a turn over of US$ 28 billion (Rs. 1200 billion) and accounts for 7% of the total Indian GDP.
• Chemical production in the U.S. grew strongly in most sectors last year, although the pace of the overall industry didn't match that of the total manufacturing enterprise.
• In the past and at present, the chemical industry is still concentrated in three areas of the world- Western Europe, North America and Japan . The European Community remains the largest producer area followed by the US and Japan.
• Instrumental in the changing structure of the global chemical industry has been the growing participation of developing countries and regions

Environmental Issues, Pollution Control Rules & Regulations are very important aspects and pose challenge to Entrepreneurs in the field