Taxes
Prosperity → More than €5 billion of taxes go into the state budget The chemicals and life sciences sector makes a significant contribution to the federal, regional and local public finances through the taxes it pays. To give a balanced picture of the sector’s contribution, benefits from subsidies and tax incentives are also taken into […]
Number of researchers
Prosperity → A quarter of Belgium’s private sector researcher population The share of researchers in the sector indicates the innovativeness of the sector and ensures the anchoring of the chemicals, plastics and life sciences industry in the Belgian economy. The sector is R&D intensive with more than 11,000 people, or more than 1 person out […]
Innovations
Prosperity → Securing the future through innovation The sector is a leader in research and development. Patents are an essential means of protecting inventions that pave the way for new products and processes. In 2020, 2,390 Belgian patent applications were lodged with the European Patent Office (EPO) – i.e. 205 per million inhabitants – maintaining […]
R&D expenses
Prosperity → Largest private investor in R&D R&D spending is a key indicator of how innovative an industry is, driving the technological advances that are vital for a sustainable future. R&D spending in the chemicals, plastics and life sciences industry totalled nearly €4.8 billion in 2019. This is twice as much as a decade […]
Investments
Prosperity → A key investor in Belgium The sector invested an average of €2 billion a year from 2010 to 2020, both in green field projects and in the expansion and modernisation of existing production capacities to improve industrial efficiency and environmental performance. The chemicals and life sciences industry is a very capital-intensive sector and […]
Profitability
Prosperity → A sustainable financial performance A healthy financial situation is crucial for a sustainable industry. In the chemicals and life sciences industry, the return on shareholders’ investment has amounted to an average of 6,9% over the last 10 years. This ratio is structurally higher than the risk-free return on long-term government bonds. Profitability can […]
Trade balance
Prosperity → Number one exporter for more than 10 years The Belgian chemicals and life sciences industry’s trade balance underlines the importance of its international operations. In 2020, Belgium’s chemicals and life sciences sector exported 131 billion euro of products – more than one-third of total Belgian exports. Representing over 80% of its production in […]
Financial implications of climate change
Prosperity → Climate change: risk or opportunity? The transition towards a climate neutral economy, whilst preserving our climate and re-enforcing economic and industrial activity in Europe is at the same time a huge challenge for society and for our energy- and waterintensive sector. Also climate change and the accompanying changes in weather and rainfall pattern […]
Added value
Prosperity → A stronghold of the Belgian economy The added value created by the chemicals, plastics and life science industry provides a clear indication of how much the sector contributes to the overall creation of wealth. The industry’s contribution to economic prosperity has been increasing over the last decade and in 2019, it generated €20.8 […]
Prosperity