Performance and Outlook of the Chemicals Cluster in Singapore

The chemicals cluster is a major cluster within the manufacturing sector in Singapore, accounting for 15.9 per cent of the sector’s nominal value-added (VA) and 3.3 per cent of Singapore’s overall nominal VA in 2022. This box article examines the composition of the chemicals cluster, its recent performance, as well as its short- and medium-term outlook. 

Petroleum and petrochemicals are key segments in Singapore’s chemicals cluster 

The chemicals cluster in Singapore is made up of four segments, namely the petroleum, petrochemicals, specialty chemicals and other chemicals segments. The petroleum and petrochemicals segments, which comprise highly integrated facilities, account for the largest shares of the cluster’s nominal VA, at 63.7 per cent collectively in 2022.

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