160397-Co2 Anlage - Tjark Kusber (GBLNJ)

EU chemicals industry on growth path

Brussels – EU chemicals output is set to grow by 3% year-on-year in 2017 and by around 2% in 2018, European industry body Cefic forecast 7 Dec.

The projections, it said, reflect recovery in the chemical sector helped by growth in the EU economy in the first three quarters of 2017.

This, in turn, led to higher consumer demand and investments in new production capacities, according to Brussels-based Cefic.

The automotive, construction, metal production and electronics sectors were to the fore in driving up domestic demand for chemicals, the group said.

Exports of the EU-produced chemicals to…

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