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Introduction to the Chemicals, Coatings & Plastics Industry, Business and Industry Trends Analysis

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.  Technically, the chemicals industry includes the manufacture of pharmaceuticals (drugs).  The global chemicals industry will total about $5.5 trillion in revenues in 2021, according to Plunkett Research estimates.  (About $1.25 trillion of that number will be in pharmaceuticals.)   Other everyday…

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