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Repositorio de la Red Internacional de Investigadores en Competitividad

COMPETITIVIDAD GLOBAL

Vol. 8 No. 1 (2014): Innovación y competitividad. Impulsores del desarrollo. ISBN: 978-607-96203-0-3

Research and development in European Chemical Industry

Submitted
November 25, 2016
Published
2018-01-05

Abstract

According to Arora et al. (1998), the chemical industry is one of the largest and most R&D- intensive manufacturing sectors in all advanced economies, and its innovative patterns and productivity growth process can have profound impacts on economic growth as a whole. The European chemical industry supplies virtually all sectors of the economy and accounts for 17.8 % of the total chemical sales in the world. This paper gives an overview of the European chemical industries and the changing scenario of the world chemical industry. The study focusses on the top fifteen chemical companies of this region. It gives an idea about the current problems this industry is facing in Europe especially after the economic crisis and shows how the region and the top companies are investing in R&D to bring innovation to overcome the current challenges

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