The Chemical and Pharmaceutical Industry is one of the UK’s top manufacturing exporters. The sector adds over £14 billion of value to the economy, on sales of £40 billion and is responsible for around half a million direct and indirect jobs.
The chemical industry improved its productivity by 10% between 2008 and 2014 and pays its workers on average 30% more than the average manufacturing worker. A large number of jobs are in the north of England and Scotland.
Strong growth in production over the last 12 months of 3.4% has shown maintained demand in the UK chemical industry.
Brexit is still one of the major challenges facing the UK chemical industry. However, this impact is seen more on capex plans than production levels, and the industry outlook as a whole remains relatively buoyant. Plans for larger scale new capex have slowed, with more of a focus now being placed on R&D and improvement to preserve the UK’s competitive edge in chemical production