(+34) 913 497 100 | Home Industries Chemical industry Chemical industry A most attractive industry for international investors The Spanish chemical sector is a strategic industry in the country's economy and an important generator of wealth and employment, as it comprises over 3,072 companies, with a turnover of €66.4 bn in 2019, and provides 697,000 direct and indirect jobs. With an accumulated 34% growth in revenue in the period between 2007 and 2019, this industry represents 13.4% of Spain's Gross Industrial Product and 5.8% of its GDP. It is also the second most important export category, with €38.474 bn exported to international markets in 2019. 57.9% of Spain's chemical production is exported. Employment created by the chemical industry is stable – 94% of contracts are permanent – and it is one of the industries with the highest level of productivity per employee. The chemical industry supplies products that are used in 98% of the productive processes in the economy. This is one of the industrial sectors predicted to experience the fastest growth worldwide. The increase in production that will be needed to satisfy new international demand is estimated at 4.5% year-on-year until 2030. Spain is the preferred destination for chemical industry RDI projects in Europe (41 countries) and ranks fourth in the number of new projects by multinationals (2003-2020, FDI markets data). Source: FDI Markets. Ana Elena Heras PROJECT MANAGER Contact us Our advisers will inform and support you in setting up your business CONTACT Discover the RDI Ecosystem IN SPAIN FIND OUT MORE Why invest in the Spanish chemical industry? Its production capacity and industrial tradition, outstanding geographic location and logistics infrastructures, the innovative capacity of the chemical industry operating in the country, and global growth in demand for new chemical products, all make Spain a strategic destination for investment in the chemical industry. Privileged situation Spain is a key supplier to Europe given its natural access to markets in the north of Africa and Latin America. Transport and logistics Spain has 46 international ports and the longest coastline of any country in Europe, and it also offers advanced transport and logistics infrastructures. Investment The Spanish chemical industry accounts for the 26% of the total investment in RDI in the industrial sector and it employs 22.5% of the research staff working in industrial companies. R&D The Spanish chemical industry is one of the largest industrial investors in research and technological development, with an annual investment of €2.5 bn and collaboration agreements for the development of industrial competitiveness with the Ministry of Industry, Trade, and Tourism, and the Ministry of Economy, and businesses. What are the best investment opportunities? Industrial scaling in biocatalysts Wastewater treatment and membrane desalination Energy storage, batteries. New graphene materials Circular economy – Bioeconomy Digitization of the industry Agrochemicals Recycling, recovery, reuse Find your Aid and Incentive Interactive search engine for national and regional financial aid and incentives for your investment project. FIND OUT MORE Location Chemical companies Source: Feique. Area of high concentration of chemical industry Success stories See all success stories 31 May 2021 Basf Carles Navarro General Manager The German chemical company BASF has been operating in Spain for half a century, where it has six production ... This year they have announced one of the multinational company's largest investments in Spain in its recent history, an important ... Read more Publications 27|07|2021 Snapshot of the Spanish Chemical Sector 2021 (8,23 MB) 19|07|2021 Spain for Chemical Industry (364,30 KB) 24|11|2017 Invest in Chemicals. Invest in Spain (31,41 MB) News See all 26 NOVEMBER 2021 ICEX Launches INNOVA Invest, a Programme Designed to Help Foreign Companies Invest in R&D in Spain Read more 18 OCTOBER 2021 ICEX-Invest in Spain allocates three million euros to attract innovative projects Read more 06 OCTOBER 2021 ICEX-Invest in Spain and Garrigues launch 2021 Business Guide in Spain Read more Agenda See all Our brands: Invest in Spain About Us Global Network Regions Innovation Startups Sustainability LATAM Desk China Desk Publications Events What's on Why Spain Economy Infrastructures Talent Taxation Quality of Life Industries Aerospace Agri-food Audiovisual Automotive and mobility Chemical industry ICT Life Sciences Logistics and transport Renewable Energy Tourism and Leisure Doing Business Company set up Taxes Labour market Aids and incentives Visas Intellectual property Living in Spain We help you Innova Invest Smart Technology Fund Investors Network Investor Services Rising Up in Spain Social Networks European Regional Development Fund A way to make Europe All rights reserved. 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