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.
