ZEW - Centre for European Economic Research

10/02/2024 | Press release | Distributed by Public on 10/02/2024 00:49

The Chemical Industry Is an Important Driver of Innovation for the German Economy // ZEW Study for the German Chemical Industry Association (VCI)

ZEW Study for the German Chemical Industry Association (VCI)

The chemical industry in Germany is one of the key suppliers of innovations for the entire German economy. This has been confirmed by a new study conducted by ZEW Mannheim in conjunction with the Fraunhofer Institute for Systems and Innovation Research (ISI) for the German Chemical Industry Association (VCI). The data is based on information from the global patent statistics database PATSTAT.

"Our study shows that the German chemical industry is by far the most important supplier of material innovations. For example, it supplies the food, pharmaceutical, semiconductor and environmental technology industries. Moreover, the patents that originate from chemical research make an extraordinary contribution to the sustainability goals of the United Nations," said Dr. Christian Rammer, author of the study and Deputy Head of ZEW's "Economics of Innovation and Industrial Dynamics" Research Unit.