France chemical industry will see a considerable growth of 2.0% during the forecast period. France is the fifth-largest economy across the globe and the third-largest economy in Europe. As per the International Monetary Fund, the GDP of France was $2.77 trillion in 2018. As per the Central Intelligence Agency, the population of the country was 67.3 million in 2018. The chemical industry is a key contributor to the French economy. According to the European Chemical Industry Council (CEFIC) Industry, added value by chemical industry was estimated at around $20.32 billion in 2018, more than 8.0% of the country’s manufacturing added value, ranking chemicals third behind the food and beverages and metallurgy. The chemical industry is a leading industrial exporter after the aeronautics industry.
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AS per CEFIC, the chemical industry accounts for more than 13.0% of total manufacturing exports and it stands in its second position as a contributor to the industry’s trade balance after aeronautics with more than $11 billion trade surplus. Therefore, the COVID-19 outbreak further impacts the export in the chemicals thus affect the chemical industry in the country. France is one of the leading European countries in various chemical products such as thio chemicals, acrylics, silicons, polyamides, cosmetic active ingredients, aliphatic isocyanates for paints, and others. The Union des Industries Chimiques (UIC) is a specialized organization that supports developing and enhances the competitiveness of the chemical industry and its applications in France.
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Key questions addressed by the report
- What is the market growth rate during the forecast period?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market during the forecast period?
- How COVID-19 will impact the market growth in 2020 and coming years?
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
France Chemical Market – Segmentation
- Basic Inorganic
- Specialty Chemicals
- Consumer Chemicals
- Others (Auxiliaries for Industry)
- Arkema S.A.
- KEM ONE
- Carbios SA
- APIX Analytics
- Calyxia S.A.S.
- SNF SAS
- Chevron Oronite SAS
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