The chemical industry is the largest manufacturing sector in the UK, which is in turn among the top ten chemical-producing nations in the world. UK manufacturers' total sales of chemicals
April 13, 2007 (Press Release) --
Chemical Industry: Market Report 2006
The chemical industry is the largest manufacturing sector in the UK, which is in turn among the top ten chemical-producing nations in the world. UK manufacturers' total sales of chemicals and chemical products increased by an estimated 12.6% between 2001 and 2005, to £55.1bn at manufacturers' selling prices (msp). Growth would have been even faster but for the impact of the global economic slowdown that occurred in 2001 and 2002, together with the intense competition within the industry, which has affected UK suppliers' sales and held back price increases.
Although this report focuses on the UK, the chemical industry is a highly globalised sector, which processes raw materials and supplies intermediates (semi-processed raw materials) to other manufacturing industries in the UK and worldwide. Consequently, the industry is strongly dependent upon the performance of the international economy and on global prices for raw materials such as oil and other commodities. Indeed, the chemical industry is vulnerable to slowdowns in the wider economy, because its products are used in almost all manufacturing sectors, from electronics to pharmaceuticals, and its output forms the basis for a host of everyday products
Chemical Industry: Market Report 2006
The chemical industry is the largest manufacturing sector in the UK, which is in turn among the top ten chemical-producing nations in the world. UK manufacturers' total sales of chemicals and chemical products increased by an estimated 12.6% between 2001 and 2005, to £55.1bn at manufacturers' selling prices (msp). Growth would have been even faster but for the impact of the global economic slowdown that occurred in 2001 and 2002, together with the intense competition within the industry, which has affected UK suppliers' sales and held back price increases.
Although this report focuses on the UK, the chemical industry is a highly globalised sector, which processes raw materials and supplies intermediates (semi-processed raw materials) to other manufacturing industries in the UK and worldwide. Consequently, the industry is strongly dependent upon the performance of the international economy and on global prices for raw materials such as oil and other commodities. Indeed, the chemical industry is vulnerable to slowdowns in the wider economy, because its products are used in almost all manufacturing sectors, from electronics to pharmaceuticals, and its output forms the basis for a host of everyday products
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