Brief Excerpt from Industry Overview Chapter:
Companies in this industry manufacture basic, intermediate, and specialty chemicals. Major companies in the US include Dow, DuPont, and Pfizer. Other foreign companies include BASF (Germany), Formosa Plastics (Taiwan), Roche (Switzerland), SABIC (Saudi Arabia), and Sinopec (China).
The overall health of the US economy drives the demand for chemical industry since chemicals are used to make a wide variety of industrial and consumer products. The profitability of individual companies is closely tied to efficient operations. Big companies have economies of scale in purchasing and production. Small companies can compete effectively by producing specialty products, of which there are a large number. The US industry is concentrated: the top 50 companies account for about 53% of revenue.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major product categories include pharmaceuticals and basic chemicals, while other leading chemical product groups are resins and synthetic fibers, soaps and cleaning compounds; paints, coatings, and adhesives; and pesticides, fertilizers, and other agricultural chemicals.
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