Facts and figures on the chemical industry in Europe

The chemical industry is an important part of the European economy, and its innovative solutions are crucial to the realization of low-carbon and circular economy inside and outside Europe.

The European Commission has acknowledged that the chemical industry plays an “indispensable” role in helping society achieve the new goals of the European Green deal. Cefic has clearly expressed our industry’s support for the green deal and Europe’s ambition to be climate neutral by 2050.

This transformation will bring great challenges, but also a series of opportunities for the industry. In order to achieve climate neutrality, recycling and digital transformation, Europe must show its leadership in innovation and deployment of competitive new technologies. Whether it’s for solar panels, wind turbines, batteries, building insulation, pharmaceuticals, chemical recycling technologies, or a wide range of other solutions we offer, our European chemical industry stands out and flourishes in providing innovation led contributions to green agreements. It’s also a way to ensure sustainable economic growth and new jobs flourish and stay in Europe.

With the support of a multi billion dollar European recovery plan, Europe can move forward quickly. If many industries and companies in Europe can really take advantage of their advantages – such as proposing world-class innovations – and bring them to the market, we will work together to turn opportunities into success.

But we will need to work with European policymakers and governments to establish the right framework conditions to maintain clear competitiveness during the transition period.

With a supportive, supportive and forward-looking policy framework, starting from the EU’s industrial strategy, industry can realize the EU green agreement, and our industry can play an important role in building a better sustainable future for Europe and its people.

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