December 2012

2012 Petrochemical Review

Europe: United Kingdom

The United Kingdom (UK) is Europe’s fourth largest chemical economy, after Germany, France and Italy. It accounts for 8% of the European Union’s (EU’s) $900 billion overall chemical pro..

Eastwood, A., Economic Advisor, Chemical Industries Association (CIA)

The United Kingdom (UK) is Europe’s fourth largest chemical economy, after Germany, France and Italy. It accounts for 8% of the European Union’s (EU’s) $900 billion overall chemical production and 12% of extra-EU chemical export sales.1 In world terms, the UK is ranked tenth (with China, the US and Japan holding the top three places), and is the source of about 2% of global chemical production. Domestically, the chemical sector is one of the most important segments of the UK manufacturing industry, accounting in 2010 for 14% of the nation’s manufacturing gross value added and 1.3% of the total UK gross domestic product (GDP). In 2010, the country had chemical sales of $

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