$13
Billion plus invested in research and development by chemical companies in 2022
Chemistry is essential to modern life. From home and personal care products, to clothing and sports equipment, to automobiles and electronics, chemistry helps make possible thousands of products we rely on every day. And chemistry provides a range of important benefits in these products – thanks to innovations in chemistry, automobiles can be manufactured to be light weight and more fuel efficient, building materials are more durable and resilient, and electronics like cell phones, computers and televisions have enhanced functionality to meet the technology needs of today’s consumers.