Basic and Intermediate Chemical & Petrochemical Manufacturing Industry Overview

Companies that manufacture basic inorganic and organic chemicals, including acids, alcohols, aromatics, benzene, ethylene, industrial gases, methanol, olefins, polyethylene, and polypropylene.

Summary

Basic and petrochemicals are much like the legos of the manufacturing world; they're building blocks. The products made by basic and petrochemical companies form the basis of much of our surroundings -- not just the obvious things like plastics, but also glass, fibers, textiles, and the fertilizers that help our crops to grow.The primary concern for the industry of late has been the persistent high costs of raw materials, generally oil and natural gas.

Full Basic and Intermediate Chemical & Petrochemical Manufacturing Industry Description

Globalization

Since the technology for producing many chemicals is well-known, production facilities are located all over the world, often near raw materials sources or markets. Developing countries in Asia and Africa are growing users of chemicals. While chemicals are a large US export, increased competition is coming from Asian producers.

Full Basic and Intermediate Chemical & Petrochemical Manufacturing Industry Trends

• Olin Corporation
• Snia S.p.A.
• Air Products and Chemicals, Inc.

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Hoover's has developed its own industry classifications to better serve its customers. These classifications are mapped to the North American Industry Classification System (NAICS) and the older U.S. Standard Industrial Classification (SIC) system. The Basic and Intermediate Chemical & Petrochemical Manufacturing maps to a number of NAICS codes including:

Full Basic and Intermediate Chemical & Petrochemical Manufacturing Industry Codes

• American Chemical Society
  
• American Chemistry Council
  
• Environmental Industry Interactive
  

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