The Chemicals industry plays a fundamental role in the modern economy by transforming raw inputs into more than 70,000 products for intermediate or final consumption. As an enabling industry, it stands at the beginning of the value chains of numerous sectors, such as agriculture, food & beverages, consumer goods, construction and pharmaceuticals. It also plays a vital role in promoting human and economic development, improving food security and public health, and ensuring the sustainable use of natural resources.
Activities associated with Chemicals are manufacturing of petroleum and coal products, basic chemicals, resins, polymers and speciality chemicals, industrial gases, fertilisers, paints and coatings, adhesives, plastics and rubber products. A number of consumer goods are also included, such as pharmaceuticals, hygiene and personal care products, cleaning compounds and toiletries.
Malaysia has a varied chemicals sector with a significant role in the ASEAN region. Malaysia is one of the region’s most substantial petrochemicals and exporters, thanks to the country’s sizable crude oil and natural gas reserves ...
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India is one of the world’s most significant producers and exporters of chemicals. However, the chemicals sector still has considerable room for growth. The chemicals consumption per capita in India remains low compared with most. ...
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To satisfy its growing demand for crops and other agricultural products, China, the world’s most populous country and second biggest economy, needs fertilisers to improve its food supply and demand balance. China uses about 80% of its ...
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In the third quarter of 2020, the performance of China’s chemical sector continued to improve, supported by increased downstream demand from many sectors and the reduction of cost pressure as a result of ...
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The chemicals industry is a major contributor to the Malaysian economy, with petrochemicals and oleochemicals as its principal products. Availability of feedstock and resources, supportive government policies for investors, and a conducive ...
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In the second quarter of 2020, the performance of China’s chemical sector improved under the influence of multiple favourable factors such as the reduction of cost pressure, recovery of market demand, and the effect of relevant ...
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In the first quarter of 2020, the chemical sector in China was seriously affected by the spreading coronavirus outbreak, which in March 2020 was officially confirmed as a pandemic. It led to highly volatile global economic and financial conditions. ...
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In the fourth quarter of 2019, China’s chemical sector’s value added of industry (VAI) rose by 6.2% y/y, 3.5 pp faster than in the same period of 2018. During both Q3 and Q4 2019, China’s economy expanded by a record low of 6% y/y, ...
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India’s chemicals industry is highly diversified, covering more than 80,000 commercial products. It is broadly classified into basic chemicals, specialty chemicals and agrochemicals. Domestic chemical production is highly concentrated in the ...
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The chemical sector is one of the key pillars of the Chinese economy. It comprises five major subsectors – agricultural chemicals, basic chemicals, synthetic materials, paints and coatings, and special purpose chemicals. Over the past two ...
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