The chemical industry continues its consolidation as one of the key sectors in the Spanish economy. The sector  comprises  over  3,300  companies    with  a  Turnover  of  over  65  billion  euros  and  generates  13.4%  of  the  gross  industrial  product .

The   Spanish   chemical   industry   comprises   chemical   and   pharmachemical   activities, and is a key sector in advanced economies and hence in the Spanish economy. Its activity directly and indirectly generates 5.8% of the national GDP, and it employs 3.5% of the active occupied population.

Advantage India

India’s chemical story is one of outperformance and promise. A consistent value creator, the chemical industry remains an attractive hub of opportunities, even in an environment of global uncertainty. Worldwide trends affecting the global chemical industry could lead to near-term opportunities for chemical companies in India.

India is an attractive hub for chemical companies. The chemical industry is a global outperformer regarding total returns to shareholders (TRS), 1 and this has resulted in high expectations for sustained, continual growth. The macro perspective on India indicates that while the short-term outlook is challenging, the country’s long-term-growth story remains positive.

Between 2006 and 2019, the compound annual growth rate (CAGR) in TRS for India’s chemical companies was 15 percent—a figure much higher than the global chemical-industry return, with a CAGR of 8 percent, and the overall global equity market, with a CAGR of 6 percent. Even between 2016 and 2019, when India’s economy faced headwinds, the chemical industry maintained a CAGR of 17 percent.