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Chemistry 2020 - Market Analysis

Grace Fernandez

Chemical production in the European Union is expected to barely grow faster than in 2016. In general, the increase in production will remain modest against the backdrop of a sluggish domestic market. We expect competitive pressure on export markets to remain intense, even though the naphtha-based European chemical industry benefits more from low oil prices than the gas-based production in the United States. Including non-EU countries, total European chemicals sales reached €615 billion in 2015, or 17.4 per cent of world output. In 2030 chemical production reach €6.3 trillion