2021 Facts and Figures of the European Chemical Industry

The Chemical industry is a vital part of Europe’s economy and its innovative solutions are essential to deliver a low carbon and circular economy both within Europe and beyond its borders.

The European Commission has recognised the chemical industry for its “indispensable” role to help society achieve the new European Green Deal objectives. Cefic has clearly expressed our industry’s support for the Green Deal and Europe’s ambition to go climate neutral by 2050.

This transition will bring huge challenges, but it also brings a set of opportunities for industry. Europe must show its leadership in innovating and deploying competitive new technologies for delivering a climate neutral, circular and digital transition. Whether it is chemistry for solar panels, wind turbines, batteries, building insulation, medicines, chemical recycling technologies or the huge variety of other solutions we provide, our European chemical industry can excel and thrive in delivering its innovation-led contributions to the Green Deal.  This is also the way to ensure sustainable economic growth and new jobs thrive and remain in Europe.

Supported by the major new, multi-billion European Recovery Plan package, Europe can move forward fast. If Europe’s many industries and companies are truly enabled to deliver to their strengths – such as coming up with world-class innovations – and are enabled to bring these to the market, we will jointly convert opportunity into success.

But we will need to work with European policymakers and governments to have the right framework conditions in place that keep competitiveness during this transition in clear focus.

With a supportive, enabling and forward-looking policy framework, starting with an EU Industrial Strategy that enables industry to deliver on the EU Green Deal, our industry can play a large role in building a better sustainable future for Europe and its people.

We stand ready to cooperate closely with the Institutions to ensure this vision is brought to reality.