On the occasion of the opening of the Fourth United Nations Environment Conference (unep -4), the International Council of Chemical Associations (ICCA) today released an analysis report on the contribution of the chemical industry to the global economy: "Global Chemical Industry: Promoting Growth and Responding to the World Sustained Development Challenge." According to the report, the chemical industry involves almost all high-quality production sectors. Through direct, indirect, and induced influences, it is estimated to contribute 5.7 trillion U.S. dollars to world gross domestic product (GDP), which is equivalent to 7% of world GDP. Support 120 million jobs worldwide.
"Innovations developed and produced by the long-term existence of the chemical industry worldwide have helped change the tide of human history. Over time, chemical manufacturers have become an integral part of the global economy and have become an improvement in the lives of people around the world. Is a key enabler of the technology," said Cal Dooley, Secretary of the ICCA Board of Directors, Chairman and CEO of the American Chemistry Council (ACC). "This report clearly states that the chemical industry is an irreplaceable contributor to global GDP, a source of technical employment opportunities, and a major driving force for environmental, social and economic sustainable development as reflected in the United Nations Sustainable Development Goals. ."
The main conclusions of the report include:
The chemical industry directly added 1.1 trillion US dollars to world GDP and employed 15 million people, making it the fifth largest manufacturing sector in the world.
For every US dollar generated by the chemical industry, US$4.20 is generated in other economic sectors around the world.
In 2017, companies in the chemical industry spent approximately US$3 trillion on their suppliers to purchase goods and services used in product manufacturing. This supply chain expenditure contributed approximately US$2.6 trillion to global GDP and supported 60 million jobs.
The global chemical industry’s investment in research and development is estimated at 51 billion U.S. dollars, supporting 1.7 million jobs and 92 billion U.S. dollars in economic activity.
The largest contribution to GDP and employment is the chemical industry in the Asia-Pacific region, which creates 45% of the industry’s annual economic output and 69% of jobs. This is followed by Europe (contributing USD 1.3 trillion in GDP and providing 19 million jobs), followed by North America (contributing USD 866 billion in GDP and providing 6 million jobs).
Marco Mensink, Director General of the European Chemical Industry (Cefic), said: "This new analysis highlights the important role that the chemical industry plays in driving economic growth and creating opportunities for millions of people around the world, but the impact of the chemical industry extends beyond the economy. Value." "Through the Strategic Approach to Chemical Management (SAICM), we have cooperated with the United Nations Environment Program to build the ability to safely manage chemicals through the production, transportation, use and disposal of chemicals, and have hosted more than 230 events in 45 countries. A workshop."
ICCA commissioned the Oxford School of Economics to provide a detailed assessment of the chemical industry’s contribution to the global economy. The report aims to comprehensively examine the economic footprint of the chemical industry-that is, the production of chemical products not only supports the activities of the industry itself (direct impact), but in many other sectors of the entire supply chain (indirect impact supported by the procurement of intermediate products) and wages Financing effects (wage-induced effects that are maintained through the consumption expenditures of workers employed by the industry and its suppliers).
Hiroshi Watanabe, Director-General of the Japan Chemical Industry Association (JCIA), said: “The products produced by the chemical industry provide clean water, possible renewable energy, advanced healthcare, stable and nutritious food supply, and recycling. Technology has changed people’s lives." "By capturing the economic value of our operations, research, and products, we now see the positive impact of our industry on today’s society, and the importance of our role in creating a more sustainable future. Role."
For more information and to download this report for free, please visit www.icca-chem.org/EconomicAnalysis. To learn more about ICCA's contribution to the United Nations' 17 Sustainable Development Goals (SDGs), please visit www.icca-chem.org/SDGs.
