The EU chemical industry regains confidence following the overall economic recovery
The updated Cefic facts and figures show that there has been a solid 3% growth of chemical output in the EU in 2017, driven by a growing demand from customer industries.
A slight deceleration to around 2% is foreseen for 2018. Petrochemicals still account for over one quarter of EU chemical sales and exports. Responsible for 1.1% of the EU’s GDP and employing 1.2 million people, the EU chemical industry supplies virtually all sectors of the economy and is the third largest investor in EU manufacturing industries.
For more information, please read Cefic’s Chemical Industry Profile.