The Chemical Industry

Five areas of interest are addressed in this discussion. These interest areas are (1) industry history, (2) the industry's productive processes, together with an assessment of economies of scale, (3) product output description, together with an assessment of the level of product differentiation which is present, (4) pricing behavior in the industry, and (5) the number and size of the major producers in the industry.

The relatively large scale manufacture of chemical compounds began, as industrial development from the time of the industrial revolution onward began to create a demand for such compounds in quantity, and as processes were developed which facilitated the exploitation of natural deposits of minerals and elements. The earlynineteenth century marks the beginning of the formation of chemical processing and manufacturing companies, and the development of an industrial structure soon followed.

The development of processes for the mass production of chemical based explosives was a strong growth facto

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time period: 20.8 percent; projected industry margin for 1991: 17.5 percent; and projected industry average for the 19921995 time period: 19.0 percent (Schneider, 1991). b. Net profit margin: industry average for the 19881990 time period: 8.2 percent; projected industry margin for 1991: 5.2 percent; and projected industry average for the 19921995 time period: 6.0 percent (Schneider, 1991). Figure 2 Strategic Funds Flow Basic Chemical Industry 19881990 Mean ============================================================= Sales ( Cost of goods $86326mil | sold ( |(Net Income( | | | $68370mil | $79247mil | $ 7079mil |(Net |(Costs(  | Profit | $86326mil | 8.2% $10877mil | Sales( | Operating( expenses Current Sales( assets( |
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Approximate Word count = 5560
Approximate Pages = 22 (250 words per page)

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