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Preface Annex 1
The global chemical industry has experienced steady growth in production, consumption and trade over the last 35 years. The value of the chemical trade rose from US$171 000 million in 1970 to US$1.5 million million in 1998 (Buccini 2004). The sector is expected to continue to grow until 2020. Four broad trends are evident (Buccini 2004):
The global chemical industry is still concentrated in 16 countries that account for about 80 per cent of global production. These are the US, Japan, Germany, China, France, UK, Italy, Korea, Brazil, Belgium, Luxembourg, Spain, Netherlands, Taiwan, Switzerland and Russia (Buccini 2004). Key developing country producers include the Republic of Korea, India, Brazil, China, Mexico, Singapore, Argentina, Turkey, Saudi Arabia, Malaysia, Indonesia and the Philippines (OECD 2001). Figure 1 gives an overview of the chemical industry.