PUBLICATION

Chemical Week

AUTHORS

Irina Negoita, Neha Ghanshamdas

Singapore Chemicals 2016 IHS CW Release

September 07, 2016

Singapore’s chemical sector serves as a pillar of the global chemical industry. In 2015, grossing over $80 billion and employing more than 25,000 people, the sector accounted for 28.6% of Singapore’s total manufacturing output, according to the Ministry of Trade and Industry. The city-state continues to perpetuate its “home for business” motto, impressing the world with its world-class facilities, regulatory transparency, and innovative policies. Yet, even though it is positioned among high growth markets such as Indonesia, Malaysia and India, Singapore is well aware that it must reinvent itself to stay afloat and, more importantly, ahead. This will be especially important in the midst of a current global economic downturn that has muted demand and slowed the advent of new projects. Today, a new set of dynamics is at play, keeping Singapore and its chemical industry on its toes. After months of research on the field meeting with all of the industry’s major players, GBR is delighted to reveal our findings.

 

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