• ICCA: Catalyzing Growth and Addressing Our World’s Sustainability Challenges

    Report: The Global Economic Footprint of the Chemical Industry

As the global voice of the chemical industry, ICCA is committed to helping the world overcome its most pressing sustainability challenges. The Global Chemical Industry: Catalyzing Growth and Addressing Our World’s Sustainability Challenges, confirms that the chemical industry is an integral part of the global economic landscape – permeating through nearly every good-producing sector. Given today’s ever-growing population and limited resources, the chemical industry’s crucial role in most sectors of regional economies around the world has led to innovative, life-enhancing products and technologies that not only support the global economy, but also help people live longer, healthier, more sustainable lives.

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Download the Report

ICCA commissioned Oxford Economics to provide a detailed assessment of the chemical industry’s contributions to the global economy and the critical role we play in improving people’s daily lives. The report, The Global Chemical Industry: Catalyzing Growth and Addressing Our World’s Sustainability Challenges, aims to examine the full extent of the chemical industry’s economic footprint. Download the report today.

$5.7 Trillion, 120 Million Jobs

The Global Chemical Industry: Catalyzing Growth and Addressing Our World’s Sustainability Challenges, confirms that the chemical industry is an integral and substantial part of the global economic landscape – making an estimated $5.7 trillion contribution to world Gross Domestic Product (GDP) and supporting 120 million jobs.

The chemical industry permeates through nearly every good-producing sector, from agriculture and energy generation, to transportation, to building and construction and mining.
The industry is an important source of skilled employment, supporting a significant amount of activity and jobs in the wider global economy, as a result of all the money spent on materials and services used in chemical production processes. For every person directly employed in the industry, seven jobs are supported elsewhere in the global economy.
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ICCA: The Global Chemical Industry Infographic Image

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The findings of this report have made it clear that the chemical industry plays an essential role in driving progress across all three dimensions of sustainable development – environmental, social, and economic. By better understanding the chemical industry’s global economic contribution, we can continue to provide the financial resources, innovation, jobs, and products that can help a growing population make the best use of the world’s scarce resources, support the 2030 agenda, and accelerate progress towards the SDGs. Download summary infographic.

Our Role in Driving Progress

The industry’s longstanding presence worldwide has turned the tide of human history. Many of the products and processes made possible by chemistry, have had substantial, positive impacts on global development, including progress towards the United Nation’s 17 Sustainable Development Goals (SDGs). Our industry is helping to provide clean drinking water and deliver a safe, adequate food supply. We support the pursuit of a more circular economy, whereby resources and materials are continuously cycled to eliminate waste while creating value for all. We are also helping to improve energy efficiency in today’s modern transportation vehicles and buildings to contribute to a less carbon-dependent society. By using the innovations of chemistry, new renewable energy sources and technologies can become more efficient, affordable, and scalable.

News Release: Chemical Industry Contributes $5.7 Trillion to Global GDP and Supports 120 Million Jobs, New Report Shows

According to the report, the chemical industry touches nearly every good-producing sector, making an estimated $5.7 trillion contribution to world Gross Domestic Product (GDP) through direct, indirect and induced impacts, equivalent to seven percent of the world’s GDP, and supporting 120 million jobs worldwide. Read More

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