CEFIC: The Strategy for the Chemicals Industry in 2050

How will the chemicals industry of the future reinvent itself for political decision-makers? That was the question asked at the Copenhagen Institute of Futures Studies (CIFS) as assigned by the European Chemical Industry Council (CEFIC). The study questioned 195 experts from the chemicals industry and 92 from other industries, science, and the public sector were questioned and their responses evaluated. The results are summarized in the Delphi Study Report: The European Chemical Industry in a 2050 Perspective.

The 90 questions addressed the future development of economics, geopolitics, society, technology, and the environment. The industry is aware that it faces multiple new challenges, among them the ability to meet the needs of 9 billion people and taking steps to deal with the threat of climate change. The end of the agenda included European initiatives to reduce pollutants and plastic waste.

The report states that leaders of the chemicals industry want more incentives and fewer regulations. They fear that EU regulations will have a negative effect on the ability of the industry to compete. But the report also has positive elements. For example, a clever external policy for REACH would make the conformity with the REACH® label a globally recognized brand.

What are the next steps?

The results of the Delphi Report should help those working on the strategy for the future. It will appear in the first quarter of 2019. CEFIC wants the report to create a conversation with EU entities; national governments; and the agencies of the UN, OECD, World Business Council for Sustainable Development (WBCSD), and various non-governmental organizations.

If you have any questions, we are pleased to offer you support at reach@kft.de.

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