News about this sector will be covered here, using links to take the enquiring reader further. It includes:
Life sciences (about 30% of the dollar output of the chemistry business) including differentiated chemical and biological substances, pharmaceuticals, diagnostics, vitamins and vaccines.
Agrochemicals and allied technologies: genetic modification, animal health products, pesticides, also called “crop protection chemicals”, herbicides, insecticides, and fungicides.
Speciality chemicals are a relatively high value, rapidly growing sector. Typical growth rates are one to three times GDP with prices over a dollar per pound. Products include electronic chemicals, industrial gases, adhesives and sealants as well as coatings, industrial and institutional cleaning chemicals, and catalysts.
Consumer products include direct product sale of chemicals such as soaps, detergents, and cosmetics. Typical growth rates are 0.8 to 1.0 times GDP.