Chemical sector: Outlook and opportunities

By Aditi Yadwadkar

Overview of the Australian Chemical Sector

A number of Australian industries, including healthcare, food, construction, packaging, and information technology are dependent on steady supply of chemicals. As stated by the Department of Industry, Innovation, and Science of the Australian government, the chemical and plastic industry in Australia can support 109 industries out of 111 industries through the huge range of supplies it offers. Increasing applications and health concerns arising due to extensive use of chemicals have led the Australian government to regulate the industry at a more stringent level. In a bid to safeguard the interests of all stakeholders, especially environmental groups, the Australian government continues to introduce changes to the existing regulations.

According to the 2006 Australian and New Zealand Standard Industrial Classification (ANZSIC) system, the chemicals and plastic manufacturing in Australia is classified into three segments:

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