René Muschter
Research Expert covering Industry & Mobility
Chemical industry in China - statistics & facts
Business segments that are closely connected to the chemicals industry range widely, from agriculture, automobile manufacturing, metal processing, and textiles, to power generation. By providing industry with the raw materials needed to produce the products used in various aspects of daily life, the chemicals industry is broadly fundamental to modern society. Globally, the chemical industry generates a total revenue of approximately four trillion U.S. dollars every year. Almost 45 percent of that amount came from China alone as of 2020. Not only does China generate the highest revenue from the chemical industry in the world, but it is also a leader in chemical exports, with an annual export value of over 72 billion U.S. dollars. At the same time, China's domestic chemical consumption amounted to 1.59 trillion euros (or 1.77 trillion U.S. dollars) as of 2020.
