According to a new report, ‘Chemical Industry in China’, published by Irish market research company Research and Markets, the chemical industry is now the third largest sector in China, after textiles and machinery, and accounts for 10% of the country’s GDP, as well as for between 35% and 40% of the global demand growth for chemicals. However, despite this growth, China still has a net chemical deficit with the world market and is heavily dependent on imported materials.

The report looks at aspects such as China’s competitive edge in the global industry, challenges facing the industry, trends and developments, consolidation, regulatory framework and environment, and the effects of REACH.