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Summary – Chemicals are essential for keeping the backbone of the industrial and agricultural development process in any economy. Chemicals are essential for running industrial operations in multiple ways and therefore the importance of industrial chemical tenders have been growing consistently. Chemicals have multiple uses from agriculture and household articles to weapons and defense oriented products. They are also essential for laboratories and scientific research. Widely used in medicine, agriculture, and cosmetics industries, chemicals are also used by military and scientists for research. However chemical products tenders in such cases may come up with certain restrictions and may not be open to all.Industrial chemical tenders relating mostly to chemicals and fertilizers form the building blocks for multiple downstream industries. In essence they are the backbone of industrial as well as agriculture development of any economy.Importance of Chemical Tenders
Chemicals are required for multiple purposes. Starting from the manufacturing of medicines through weapons and other accessories, they are used in thousands of types of articles. Some of these articles are put to daily use even by the common man. With the society becoming more and more chemical oriented, the value of the tenders for these articles have also grown substantially.Chemical Tenders Features
Some of the important features of chemical products tenders are -
The industry is worth billions of dollars and the investments form a substantial part of the GDP in most countries.
Despite being one of the most developed economies, United States invests a huge amount of money in procuring chemical products.
Even developing countries like India has an industry worth $35 billion dollars and chemical products constitute 14% of its total exports as well as 9% of the total imports.
Major market of the chemical products is in North America, Japan, Western Europe, Asia, and Latin America.Effects of Globalization
Globalization has opened up new avenues for chemical industries for capturing the market. Fertilizer industry, an integral part of the chemical industry is the leader in the lot. Major fertilizer producing countries require huge amount of chemicals for carrying on their production operations and the growth of the industry is making a long lasting impression on the market. Thus there are quite substantial demands for industrial chemical tenders and notices for procurements.Major Fields of Chemical Product Tenders
Major Fields in which the tenders relating the chemical products are available include the followings.
Pest control chemicals.
Water treatment chemicals.
Pool and park services chemicals.
Fire fighting foam.
Chemicals for aquatic centers.
Chemicals for antiseptics and disinfectants.
Chemicals for protection of consumables.Special Tenders for Industrial Chemicals
Some of the special tenders are floated by defense department and scientific research laboratories. They often require special and highly classified chemicals for carrying out their operations. However, such tenders are have their own specific criteria and regulations that are to be followed and may not be open for all bidders even when they are global in nature.