Foreign Investor Guide
Reference: Presidency of the Republic of Turkey Investment office www.invest.gov.tr
CHEMISTRY
%25
- The share of Turkey and surrounding markets in global petrochemical consumption.
2.
- Turkey's rank in Europe's plastic production.
7.
- Turkey's rank in global plastic production.
5.
- Turkey's rank in Europe's paint production.
10.
- Turkey's rank in global fertilizer consumption.
2.
- Turkey's rank in net global petrochemical imports. (After Turkey)
2.
- Turkey's rank in global polypropylene imports. (After Turkey)
In the last decade, sales of chemical products have more than doubled throughout the world, and this increase has been largely driven by developing economies that have realized approximately 80% of the chemical production capacity increase.
Chemical product sales in Turkey followed a very similar course to the global trend. With strong growth and competitive production costs supported by a dynamic domestic market, Turkey is an attractive investment destination for companies operating in the chemical industry. Turkey is also the regional production, management and export base of leading brands in the chemical industry. Chemical giants such as BASF, Henkel, Bayer, Evonik, Linde, P&G, PPG and Dow have been manufacturing in Turkey for decades and continue to grow year by year.
One of Turkey's strengths is the steady growth in its consumer industries. Turkey is Europe's largest commercial vehicle manufacturer, the world's 15th largest automotive manufacturer, the world's 7th largest producer of agricultural products, and Europe's largest textile producer, realizing 3% of the world's exports.
Within the scope of urban transformation projects in Turkey, it is predicted that approximately 6.5 million houses will be demolished and rebuilt throughout the country in the next 20 years. Thus, Turkey's $ 60 billion worth of construction industry is one of the fastest growing consumer markets for the chemical industry.
Another promising area in terms of the Turkish chemical industry is the plastic industry, which realizes approximately 3% of the world's plastic production.
The large gap between capacity and consumption in petrochemical products offers great opportunities to domestic and foreign investors. There are also attractive opportunities that investors can take advantage of in neighboring countries by taking advantage of Turkey's developed infrastructure and strategic position.
With its developing economy, large domestic market, developed infrastructure, qualified and competitive workforce and investor-friendly legislation, Turkey enables manufacturers operating in the chemical industry to operate profitably for many years in one of the promising and developing countries of the world.
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https://www.invest.gov.tr/tr/sectors/sayfalar/chemicals.aspx