The potential of the industry is an important attraction for investment. As such the FEIQUE (Spanish Chemical Industry Business Federation) is promoting Spain as a destination for new International Chemical Projects and the dissemination of the Chemical Clusters’ offer and Services.
Two factors continue to be crucial for the future of the chemical industry: its export capacity and its pioneering leadership. In the first case, the sector is now the economy’s second-largest exporter 57.5% of its production goes to foreign markets. In the area of innovation, the chemical sector is the leader in investment and expenditure in R&D&I and also in research staff employment.
The competitive advantages offered by Spain combined with its strategic geographic location provides the country with great potential, not only on the national market, but also as a gateway towards other intensive markets. Spain is the EU country with the longest coastline, boasting 46 international ports capable of shipping goods abroad, and also has a great investment support structure and competitive labor costs. These are just some of its positive assets.
The chemical industry will undergo a great overall growth from now until 2030, at an annual growth rate of 4.5%.
Being Spain’s second largest industry provides a lot of attention and all over the country different promotions are executed.
A few examples:
To learn more about the Spanish Chemical Industry or how we can help your company become established in Spain, reach out to us.