The social status of chemical industry companies

The status of chemical industry companies in society is very important, mainly reflected in the following aspects:
Firstly, the chemical industry holds an important position in the national economy. The chemical industry is a fundamental and pillar industry in many countries, with a direct and significant impact on economic development. For example, in 2022, the global sales of chemicals will reach 5.43 trillion euros, of which the Chinese Mainland will contribute 2390 billion euros, accounting for 44% of the global sales of chemicals. In addition, in 2015, the chemical industry accounted for over 20% of the country's total GDP, far exceeding the GDP generated by real estate.
Secondly, chemical industry companies are closely related to people's daily lives. Chemical products are widely used in various fields, including building materials, pharmaceuticals, food, textiles, etc. Without chemical products, many daily necessities and infrastructure will be unable to be produced. For example, chemical products such as plastics, synthetic fibers, coatings, etc. are widely used in industries such as construction, automotive, and electronics.
Thirdly, the position of chemical industry companies in the global market is constantly improving. China has become the world's largest producer of chemical products, contributing 45.74% of global chemical industry investment in 2022. It is expected that by 2030, China's actual chemical production will account for 49% of the world's total. Some large chemical companies such as BASF and Covestro are also increasing their investments in China, further enhancing China's influence in the global chemical industry.
Finally, the development of the chemical industry faces both challenges and opportunities. Although the chemical industry plays an important role in economic development, its environmental pollution problem cannot be ignored. The chemical production process generates a large amount of toxic substances and pollutants, posing a threat to the ecological environment and human health. Therefore, the chemical industry needs to take a sustainable development path, reduce pollution through technological innovation and environmental protection measures, and achieve green development.