The number of jobs sustained each year by the global chemical industry

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As with our previous events, we will be providing opportunities for companies to exhibit their expertise and services with a stand at the entrance to the event. To find out more about the benefits click here. If you'd like to discuss sponsorship opportunities.

The event will provide you with plenty of opportunities to ask your questions about the regions and jurisdictions.

It is open to all professionals in the chemicals industry, including manufacturers, distributors, regulatory affairs managers, and especially those looking to move into new markets or trying to understand their obligations in the ever-changing regulatory landscape.
As with our previous events, we will be providing opportunities for companies to exhibit their expertise and services with a stand at the entrance to the event. To find out more about the benefits click here. If you'd like to discuss sponsorship opportunities.
The chemical industry has been an integral part of the global chemical economic landscape for many centuries.
As the manufacturer of innovative, life-enhancing products and technologies, it is also central to achieving the global chemical targets expressed in many of the United Nations’ 17 Sustainable Development Goals.
The International Council of Chemical Associations (ICCA) commissioned Oxford Economics to provide a detailed assessment of the chemical industry’s activities across the globe, and to quantify their total economic impact. Our analysis focuses on two key measures of economic value: the number of jobs sustained each year by the global chemical industry, and its contribution to the amount of gross domestic product (GDP) that different nations generate. We find that the chemical industry, its supply chain and payroll-induced impacts, made an estimated $5.7 trillion contribution to world GDP in 2017, and supported 120 million jobs. Dividing our analysis into five global chemical regions, we find that the Asia-Pacific chemical industry made the largest annual contribution to GDP and jobs in 2017.

Finally, chemical manufacturers also invest heavily in research and development (R&D) throughout the world. The global chemical industry invested an estimated $51 billion in R&D in 2017, and we calculate that this spending supported 1.7 million jobs and $92 billion in economic activity in that year alone.
 It also encourages the transition to safer chemical alternatives, responsible management in sectors like industry, agriculture, and healthcare, and improved transparency and access to information about chemicals and associated risks.
Following current trends, the global chemical industry is set to become the largest consumer of fossil fuels. Among energy intensive industries, the chemical industry is one of the most challenging to defossilise due to the abundance of cheap fossil fuel-feedstocks and it is currently responsible for roughly 3% of global chemical anthropogenic CO2 emissions. Unlike other energy-intensive industries, the chemical industry cannot be made fully sustainable directly with renewable electricity and green electricity-based hydrogen (e-hydrogen). Therefore, new green carbon feedstocks must be developed to defossilise the production of large volume organic chemicals.

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