EU-27's market share of global chemical sales 1999 & 2019

The share of the total global chemical sales that the 27 European Union member states accounted for decreased by nearly half between 1999 and 2019, from 26.7 percent to less than 15 percent. This was due to the considerable growth in the global chemicals market during that timeframe rather than a decrease in EU chemical sales. In fact, EU chemical sales increased from 313 billion euros in 1999 to 543 billion euros in 2019. Meanwhile, global chemical sales became three times larger in nominal terms between 1999 and 2019, from 1.17 trillion euros to 3.67 trillion euros.