IHS Chemical Week

Cefic: Europe's chemical output to grow 2.0% this year

10:56 AM MDT | June 20, 2014

Cefic says that Europe's output of chemicals will grow by 2.0% this year on the back of rising industrial demand, in particular from the automotive industry. Production is expected to continue growing in 2015, although likely at 1.5% as restocking tails off, Cefic says. Europe's chemicals production has slumped by more than 20% and has still not reached the peak attained in 2008, according to Cefic. “We expect a return to growth in output by the European chemical industry this year,” says Kurt Bock, Cefic president and BASF chairman. “However, the recovery...

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