The chemical industry is one of Europe’s largest manufacturing sectors offering numerous export opportunities for North American SMEs. The chemical market generated total revenues of €723.8bn in 2017. The performance of the European chemical industry is forecast to accelerate with a CAGR of 2.9% for the five-year period 2017- 2022, which is expected to drive the market to a value of €834.6bn by the end of 2022:
Commodity chemicals make up the largest segment of the chemical market in Europe, accounting for 41.6% of the market’s total value. The specialty chemicals segment accounts for a further 26.6% of the market, followed by agricultural chemicals accounting for another 9.9%. Geographically, Germany, Italy, France, The UK and Spain together account for almost 60% of the total European chemical market value:
Some of the leading companies in the Chemical Industry Europe are:
Are you interested in learning more about the European Chemical Industry or do you want to find out how cooperation with EuroDev can contribute to your successful expansion into the continent? Please feel free to contact Tim Vaesen, Vice President Chemical Industry, or fill in the form below to meet with us at ACHEMA 2018.
Since it was established in 1996, EuroDev has helped more than 250 North American organizations with outsourced sales representation, HR and M&A services across Europe. Please check our services page to learn more about EuroDev and how we can assist you.