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Capital & R&I Spending

In 2023, capital spending in EU27 was 53% above the pre-crisis levels (2014-2019). Chemical companies globally have substantially increased their capital investment by almost 70% over the past decade (2013-2023), with China alone contributing to about 47% to the overall global investment. In 2023, the EU27 chemical industry reported capital spending of 鈧�32.1 bn, up from 鈧�30.3 bn in 2022, marking the second-highest figure to date. Europe accounts for 12% of the world鈥檚 chemicals investment. Capital investment plays a pivotal role in ensuring the future development and sustainability of the chemical industry. It is imperative for the European chemical sector to invest in both its existing infrastructure and new production facilities to guarantee a viable and dynamic future.

In 2023, R&I spending was 20% above the pre-crisis levels (2014-2019). A critical investment for maintaining competitiveness and addressing societal challenges lies in R&I. In 2023, R&I spending in the EU27 chemical industry reached 鈧�10.2 bn (down from 鈧�10.7 bn in 2022). However, China continues to lead the global R&I spending. China R&I spending has more than doubled in 10 years. The European chemical industry is still committed to enhancing its overall sustainability performance and recognises the importance of both disruptive technologies and the continuous improvement of existing technologies.

Decreasing share of R&I spending for the EU27, USA and Japan

Chemicals R&I spending by country (2013 vs 2023)

__FactsandFigures2024_ch6_9_Chemicals R&I spending by country (2012 vs 2022)