Current Developments in the Chemical Industry
A Hopeful Start for the Chemical Industry in 2025
After a challenging 2024 marked by global economic slowdown and fluctuating commodity prices, the chemical industry has entered 2025 with renewed optimism and recovery expectations.
Notably, companies such as Aksa and Gübre Fabrikaları have delivered strong returns in the first quarter, signaling a positive outlook for the sector.
Increase in Chemical Exports
Türkiye’s chemical exports grew by 7.66% in the first six months of 2024, exceeding USD 7.76 billion. In Bursa, the sector recorded an even stronger performance with a 13.73% increase, reaching USD 393.47 million in exports.
EU Chemical Industry Transition Roadmap
The European Union has developed a transition roadmap to strengthen the chemical industry’s access to energy and raw materials while enhancing its sustainability.
The plan includes measures to evaluate the impact of rising energy prices and to promote the development of alternative energy sources to ensure long-term resilience.
New Regulation on Industrial Emissions Management Published
A new regulation published in the Official Gazette on January 14, 2025, aims to prevent industrial emissions and waste generation at their source across multiple sectors, including the chemical industry.
The regulation will officially enter into force on December 1, 2025.
The Chemical Industry Targets USD 35 Billion in Exports
Following an export volume of USD 30.6 billion in 2023, Türkiye’s chemical industry has set a 2025 export target of USD 35 billion. The sector plans to achieve this goal through strategies focused on reducing carbon footprint and lowering dependency on imported raw materials.
