The global chemical industry is a vast and complex sector that is continually evolving. As of 2024, here are some key points about its status and trends:

1. Market Leaders: Major public companies in the chemical industry include Dow Inc. (United States), Mitsubishi Chemical (Japan), BASF (Germany), LG Chem (South Korea), and Wanhua Chemical (China).

2. Technological Advancement: The industry has seen a continuous rise in patent applications, indicating that chemical technology is in a growth phase.

3. Production Growth: The overall production of new chemical materials has been increasing, albeit with a slowing growth rate. The American Chemistry Council (ACC) reported that in 2023, while Europe, North America, and Latin America saw a decrease in production, the overall production still grew by 0.3%, with the Asia-Pacific region showing significant growth driven by economic recovery in China and Japan.

4. Competitive Landscape: Large multinational corporations dominate the global chemical industry. Companies like Dow, BASF, ExxonMobil, Mitsubishi Chemical, and LG Chem are in the first tier, with extensive global operations and high brand recognition.

5. Market Demand: The market size for new chemical materials is growing overall, driven by the booming high-tech industries such as new energy, electronics, aerospace, and biomedicine. Government support for innovative materials and green technologies is accelerating the expansion of the market for new chemical materials, which was estimated at around $470 billion in 2023.

6. Development Trends: The development trends in the global chemical industry can be summarized as follows:
   - Advanced materials are emerging, leading to disruptive breakthroughs in high-tech fields.
   - New energy materials are developing rapidly, accelerating changes in related industries.
   - Artificial intelligence is speeding up the development process of new chemical materials.

7. Industry Characteristics: The global chemical industry has shown cyclical development, diversification of raw materials, high-end downstream demand, a trend towards large-scale and integrated development models, and a gradual shift of industrial clusters towards upstream raw materials and downstream markets.

8. Future Trends: The industry is expected to see accelerated structural adjustments, a focus on business concentration and mergers and acquisitions, innovation and green development as driving forces, and a deep integration with information technology.

9. Challenges and Opportunities: Looking ahead, the international chemical industry will face both opportunities and challenges. The overall trends indicate that crude oil prices will remain relatively low, the industry's focus will shift across regions with increased differentiation, and the push for innovation, including digitalization, will be the most significant driving force.

The global chemical industry is navigating a path of transformation, focusing on sustainability, efficiency, and innovation to meet the demands of the future.