The Philippine Chemical Industry is highly diverse and potential for significant growth under a masterplan from 2012 -2030 aiming as a leading exporter by 2022. As one of the country’s largest manufacturing sectors and suppliers to many industry sectors from agriculture, food processing, healthcare, pharmaceutical, cosmetic, packaging, etc.
Philippine has rich & abundant natural resources serves as low-cost raw materials for chemical industries that meet the needs of domestic & global market. The country imported over USD$7 billion in chemicals at 13% growth rate in the past 5 years. Total chemical s import & domestic production has reached USD$14 billion equivalent to 6.7% of GDP, whereas export at USD$3.5billion to 177 countries leading by Japan & China.