Description
The chemicals industry in the European Union is one of the largest in terms of chemical supply and consumption in the world. The salient features of the EU chemicals industry are diversity in terms of production and consumption of chemicals among the member countries and high dependency on external markets. Pharmaceuticals segment is a major driver of the chemicals industry growth in recent years. The industry is expected to benefit from internal market development initiatives and EU enlargement. This report describes the structure and performance of the industry, its key growth determinants, the impact of political, policy and macroeconomic indicators on the industry parameters, and the likely growth path from 2004 to 2008.
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