The chemical industry provides a large number of products, which affect almost every aspect of our daily lives. This industry consists of companies that produce and manufacture industrial chemicals. They convert raw materials such as natural gas, oil, air, metals, minerals, and water into more than 70,000 different products. Although most products are directly purchased by consumers, including soaps, detergents and perfumes, some products are also converted into various final products. Europe is a good example. There, some industries use 70% of manufactured chemicals. Virgo Investment Group understands these trends and is making bold bets on the future of the chemical industry.
From a chemical engineer's point of view, the chemical suppliers need to use chemical processes. This includes but is not limited to refining methods and chemical reactions. Its purpose is to produce a series of liquid, solid and gaseous substances. Most of these products can be used to produce other products, but only a small part is for ordinary consumers.
The chemical industry provides a large number of products, which affect almost every aspect of our daily lives. This industry consists of companies that produce and manufacture industrial chemicals. They convert raw materials such as natural gas, oil, air, metals, minerals, and water into more than 70,000 different products. Although most products are directly purchased by consumers, including soaps, detergents and perfumes, some products are also converted into various final products. Europe is a good example. There, some industries use 70% of manufactured chemicals. Virgo Investment Group understands these trends and is making bold bets on the future of the chemical industry.
From a chemical engineer's point of view, the chemical industry needs to use chemical processes. This includes but is not limited to refining methods and chemical reactions. Its purpose is to produce a series of liquid, solid and gaseous substances. Most of these products can be used to produce other products, but only a small part is for ordinary consumers.
Agrochemicals can help alleviate the challenges posed by urban expansion. These advancements have led to more resilient crops and more efficient use of farmland. This is also a response to the growing demand for food and agricultural production.
Bjoernslev explains: "A good example of how additives can add value in the food and agrocultural industries is, for example, preservatives that can help food stay fresh."
As the global population grows exponentially, so does the demand for drinking water and water treatment chemicals. Nowadays, there are greater requirements for water treatment or in other words, water purification. "Therefore, chemical water treatment products will become more and more important," the operating partner added.
At the same time, the entire travel method from point A to point B is also changing. The chemical industry has provided support for the automotive industry’s trend of manufacturing light vehicles to reduce fuel consumption and improve emissions. Under this trend, Fleming explained, “So the beauty of new engineering plastic technologies is that they have found a shape and form that can compete with classic materials such as metals. Steel and aluminum carbon fiber are used in the automotive industry. Alternative to traditional materials."
By 2025, half of the world’s population will live in urban areas. The chemical industry is providing better engineering and building materials to meet the needs of fast-growing real estate development.
The chemical industry is an important part of the international economy. Chemicals are present in countless products used by consumers, from pesticides and cars to clothing and toys. The future of the chemical industry will be very different from the current situation. By 2020, global production will increase to 85%. Non-Economic Development Organization (OECD) countries will be the main contributors to this estimated output. In addition, the production of OECD participating countries will mainly focus on advanced technology products. It will include specialty and biochemistry. Non-OECD countries mainly produce a large number of basic products or chemical products.
Various studies in chemistry and biological sciences have shown that processes in the chemical industry can also play an important role in solving environmental problems. These issues include waste management, climate change, energy efficiency and recycling. In addressing health and environmental issues, the chemical industry has developed many voluntary actions to raise standards.
