Chemical Industry Updates

  Commodity chemicals are chemical products that are produced in large quantities and are used as raw materials or intermediate products in the manufacture of a wide range of other products. They are generally produced in bulk quantities, and their prices are determined by supply and demand in the global market. Some of the prominent manufacturers in the global commodity chemicals market are Mitsubishi Chemicals, BASF SE, Sinopec, the Dow Chemical Company, CNPC, DuPont, Sumitomo Chemicals, and Arkema. Some common examples of commodity chemicals include: 1. Ethylene: It is a colorless gas that is used as a raw material in the manufacture of various plastics, fibers, and other chemicals. 2. Propylene: It is a colorless gas that is used as a raw material in the manufacture of polypropylene, which is used to make various plastic products. 3. Benzene: It is a colorless liquid that is used as a raw material in the manufacture of various chemicals, including plastics, synthetic fibers, an...

Commodity chemicals, commonly referred to as bulk chemicals or bulk commodities, are substances produced on a massive scale with the intention of satisfying the demand of the international market. Their main purpose is as raw materials for other chemicals that are then used to make goods for end markets like construction, adhesives, clothing, plastics, tyres, and other end markets. The two main categories of commodity chemicals are organic and inorganic. Plastics, dyes, fertilisers, pigments, medicines, mining, synthetic textiles, and agricultural chemicals are a few of the important industries that commodity chemicals serve. Some of the major players in the commodity chemicals market include Mitsubishi Chemicals, BASF SE, Sinopec, the Dow Chemical Company, CNPC, DuPont, Sumitomo Chemicals, and Arkema. The market is also influenced by factors such as fluctuating raw material prices, increasing regulations, and changing consumer preferences. The demand for commodity chemicals is expect...