Chemical industry is one of the ancient sectors that have its attendance all over the world. It not only has a major role in meeting the daily requirements of the common man, but also significantly contributes towards economic as well as industrial development of a country. The worldwide chemical sector has witnessed a noteworthy structural modification in the past few years. Some of the major catalysts of the chemical sector are: new up-and-coming growth markets, change of manufacturing areas to Asian nations, new technological advancements as well as the large-scale effect of the worldwide economic crisis paired with increasing pricesof raw material.