Mining & metallurgy is one of the oldest forms of the industry resources. The progress in the field of chemistry has resulted in an improved version of chemical processes. The extraction of metals and chemicals has become much more efficient and environmentally-friendly. Metals and alloys are just a small part of the bulk of chemicals industry under inorganic chemicals. Along with metals and alloys, inorganic chemicals include markets of glass, acids, salts, gases, halogenation liquids, and many more.
The inorganic chemicals' presence can be seen in numerous products of everyday use from the mirror we look-in to the plate we eat in and detergents used for cleaning to chemicals used in diamond cutting. While inorganic commodity chemicals have been maintaining consistent growth and adopting environment-friendly technologies, niche markets are evolving with the changing consumer preferences.
The bigger companies in this segment have exposure to more than one sectors, while relatively smaller players are focused toward their own specialty sector and maintaining market share. The market dynamics is consistently being challenged and influenced by changing governing parameters. All the while, the competitors are struggling in maintaining or growing the market share or increasing profitability.
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