Chemicals, Coatings & Plastics Industry Market Research

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Chemicals, Coatings & Plastics OVERVIEW


       The businesses of chemicals, coatings and plastics are closely linked, and those sectors, in turn, are closely linked to the oil and gas industry.
     Plastics comprise a branch of petrochemicals—that is, chemicals refined from petroleum and natural gas.
     (Although a small amount of bioplastics is now being produced from plants such as corn.)  Coatings, which include paints, are chemical concoctions.
     Other everyday chemicals products include pharmaceuticals, fertilizers, dyes, fibers, packaging, adhesives and explosives, among many, many others.
     Among the more visible end products are PVC (polyvinyl chloride) pipe for plumbing and other purposes, plastic bottles and other food containers, vinyl window frames, flooring and carpeting made from vinyl and other synthetics, as well as clothing of all types made from synthetic fabrics.
     This is a research-based industry that requires massive capital expenditures on the production end.
     For example, BASF, the world's largest chemical firm, has 10,000 research personnel worldwide.
     While the firm is based in Germany, its R&D labs are spread around the globe, including major facilities in the U.S.
    in Florham Park, New Jersey (its North American headquarters), Research Triangle, North Carolina (where it runs one of the world's largest agricultural chemicals research facilities) and St.
    Louis, Missouri (a pest control lab).
     The company's continuing investment in infrastructure is equally impressive.
     According to the American Chemistry Council, U.S.
    chemicals companies invested $44 billion in research and development during 2015.
     Chemicals

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