The growth of the chemical industry cannot be underestimated as it plays a pivotal role in the overall economy of a nation. Besides countries like America and other European countries, the chemical industry has pervaded into the Asian countries in the recent few decades. As a whole, this unique industry plays a very significant role in determining the GDP of these developed as well as the developing nations. In this modern world, the chemical industry has been riding high and creating a Chemical Manufacturing method and generate a significant amount of wealth to the concerned countries.
Today, the chemical industry not only helps its own branches that are related to chemical products but also other industries where chemicals are being sold as raw materials. Many people who are engaged in glass manufacturing are the real benefactors of the chemical industry. The Borosilicate Glasses have become popular, and this product is highly consumed by innumerable laboratories around the world. These glass containers are not only affordable but also have high durability.
As we all know that carbon and hydrogen form the building blocks of our lives. None of us, including animals and plants, can survive on this planet without these key elements. Experts around the world are working in developing new chemical compounds which can eventually become an active drug, building new lifestyle materials and other useful molecules. With the new process of C-H Functionalization, it is now possible to reinvent products by using new methods as well as develop new products that can change our lifestyle in the future. This new process is taking place at the newly formed NSF Center for Selective C-H Functionalization (CCHF).
As per the indications, the CCHF has to develop a new process wherein the inert CH bonds found in the organic molecules are converted to new molecular pieces which can function differently. This may result in seeing new pharmaceuticals, techniques, and understanding of the natural world. As per the experts, that the present organic chemistry will surely get a great positive impact after an active participation of C-H Functionalization team work towards a new area of chemistry. . One needs to wait and watch the developments that are going to take place in the near future. The aspects of new technology like ‘cross-coupling’ can bring new changes in the area of metallurgy, wherein chemistry plays a big role. It is estimated that such developments can bring less wastage and fewer hazardous reagents.
Companies who are involved in the chemical industry need to reassess their strengths as the industry is approaching into many new areas. Since the industry has already entered into a strong capital- market in the recent decades, exploring new opportunities will not be a hard task. More research laboratories need to be established to explore new products by combining the existing products. More importantly, the chemical industry needs to attract more people and increase the employment opportunities, especially in the petrochemical investment regions. Whatever may be the outcome of these changes, the chemical industry will undoubtedly witness many new trends in the years to come.