The Chemical Industry is involved in converting raw materials like oil, natural gas, air, water, metals, minerals into more than 70,000 different products. The industry has been growing at a phenomenal rate for more than fifty years now. Most of the growth has originated from the manufacture of synthetic organic polymers which are used as plastics, fibres and elastomers. Some of the largest corporations in this industry, having plants in numerous countries, are BASF, Dow, Shell, Bayer, INEOS, ExxonMobil, DuPont, SABIC, Mitsubishi.
The whole industry’s worth US$3 trillion, and the US and Europe are home to the largest manufacturers of chemicals in the world.
Chemical industry being a highly technical industry, most managers need a 4-year college degree in addition to experience in the industry.
Engineering managers: They?are involved in conducting cost estimations, plant design feasibility studies, and are responsible for coordinating daily operations in the plant. A college degree in a technical discipline like chemistry or chemical engineering is needed, as well as experience in the industry. Some employees advance from research and development positions to management positions.
Executive and Administrative Positions
Chemical Industry is an important constituent of the Indian economy having a turnover of US $ 28 billion which is approx. 7% of India?s GDP. In terms of volume, it is 12th largest in the world, and 3rd largest in Asia. It accounts?for 13% of the country?s total export.?It is also one of the fastest growing sectors at 15%. Some of the major producers in the Indian chemical industry include Pidilite Industries Limited, Rallis, Hindustan Lever Limited, Reliance Industries Limited.