- 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 filed.
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