The chemicals industry is one of Europe’s largest manufacturing sectors. As an ‘enabling industry’, it plays a pivotal role in providing innovative materials and technological solutions to support Europe's industrial competitiveness.
The chemicals industry produces petrochemicals, polymers, basic inorganics, specialties, and consumer chemicals.
The sector is currently undergoing rapid structural change as it faces major challenges, including increased competition from other countries and rising costs.
However, at the same time, the industry has recovered quickly from the economic crisis and has remained relatively stable in terms of total sales.