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World Chemical Industries Swot Analysis

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WORLD ( 1 ) Chemicals are used to make virtually every man-made product and play an important role in the everyday life of people around the world. Such products provide protection for crops and increase yields, prevent and cure disease, provide insulation to reduce energy use and provide countless other benefits that make life better for people. But, while the chemicals industry has made good progress reducing its overall environmental footprint, chemicals can also create a negative impact on human health and the environment when their production and use are not managed responsibly. Although the impacts are complex and often unknown or sometimes open to debate, some negative effects are well documented, such as chemicals found in the …show more content…

Open markets with fair competition are required for a competitive market SWOT Analysis of World Chemical Industries. Strengths • Strong export potential • Significant growth potential for many subsectors (e.g. pharmaceuticals, home & personal care, coatings, etc.) • Industry’s awareness and support concerning REACH • Young and talented workforce • Turkey’s geostrategic importance • Availability of some rare raw materials (soda ash, boron, chrome) Weaknesses • Relatively small scale by international standards • Insufficient hazardous waste processing facilities • Unregistered trading within the industry Opportunities • R&D investment and training of the workforce may increase efficiency • Likely expansion of local refining capacity • Turkey’s likely EU partnership • Increasing investments in private sector • Better trade ties with neighboring countries Threats • Fluctuating input prices • Extended timetable for Turkey’s EU partnership 5…. Introduction Chemicals are an integral part of modern daily life. There is hardly any industry where chemical substances are not used and there is no single economic sector where chemicals do not play an important role. Millions of people throughout the world lead richer, more

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