Industry Analysis & Industry Trends
Inorganic basic chemicals are substances of mineral origin (rather than biological). There are over 70 product lines in the industry, excluding titanium dioxide. The most common inorganic basic chemicals are colloidal precious metals (e.g. silver nitrate), silicon dioxide and chlorine. Inorganic basic chemical manufacturers are accustomed to wide fluctuations in demand. The industry is highly volatile due to erratic chemical prices and exchange rates. However, no manufacturer was prepared for the severity of the recession. Industry revenue fell by 9.9% in 2009-10 due to lower demand from downstream manufacturing industries. The production of inorganic chemicals dropped during that year.
Industry revenue is estimated to fall at an annualised 3.3%.. purchase to read more
Industry Report - Starting a New Business Chapter
The main barrier to entry is the cost to set up a plant. This cost is substantial due to technical equipment needed in the manufacture of inorganic basic chemicals. New entrants may also be reluctant to enter the market due to import competition, which is threatening domestic production. The industry is also regulated and new environmental standards, such as the EU emissions trading scheme, is expected to have a cost impact on some product segments in the future... purchase to read more