Industrial chemicals belong to an industry that is impacted by current U.S. laws,
the current state of the environment, and global competition.
This will become evident
through several points addressed in this report.
With the current state of the U.S and its
addiction to energy consumption and polluting of the environment, the industry is subject
to many government regulations and an evil eye is cast upon this industry by the
Because of these factors, the chemical industry in the U.S. will, in time, be
overtaken by growing global economies.
This report will examine the major industry competitors by identifying major
companies and their output as a whole, growth, and the impact of global markets.
major industry products will be analyzed along with the demand for these products and
forecasting of the global market.
Primary industry inputs will be observed, followed by a
brief look at the impact of labor unions in the industry.
The report will observe
ownership trends by assessing the industry’s assets.
An analysis of the current state and
impact of technology will be explored, and finally, an examination of Governmental
regulation will conclude the report.
Major Industry Competitors
: Dow, BASF, INEOS, SABIC, Shell, Mitsubishi,
DuPont, ExxonMobil, and Bayer make up the largest portion of the industry.
the U.S. is comprised of 170 major chemical companies and chemical output is nearly
$400 billion a year.
For the last fifty years, the global chemical industry has experienced
rapid growth and is continuing to undergo strong profitability.
Currently, the chemical industry has been shared among three regions known as
the Triad, which include Western Europe, North America, and Japan.
Europe happens to
be the largest producer and is followed by the U.S., then Japan.