Comfortably situated on Jurong Island, Singapore’s chemical sector serves as a pillar of the global chemical industry. In 2015, grossing over S$80 billion and employing more than 25,000 people, the sector accounted for 28.6% of Singapore’s total manufacturing output, according to the Ministry of Trade and Industry.
The city-state continues to perpetuate its “home for business” motto, impressing the world with its top-class facilities, regulatory transparency, and innovative policies. Positioned among high growth markets such as Indonesia, Malaysia and India, Singapore is well aware that it must reinvent itself to stay afloat and, more importantly, ahead. This will be especially important in the midst of a current global economic downturn that has muted demand and slowed the advent of new projects. Today, a new set of dynamics is at play, keeping Singapore and its chemical industry on their toes.