India’s chemical industry contributes significantly to the country’s economy. After the United States, Japan and China, India is the world’s fourth-largest producer of agrochemicals and the world’s third-largest consumer of polymers. Except for pharmaceutical products, India ranks sixth in the world in chemical imports and eleventh in chemical exports. India supplies around 15-16 per cent of the world’s total dyestuff and dye intermediate production, making it a major global dye supplier.
For the next 10-15 years, the Indian chemical industry could experience huge tailwinds. It began with the production of building materials and commodity chemicals. With a greater emphasis on research and development, preserving long-term relationships with MNCs and delivering specialised chemicals, Indian chemical companies are moving up the value chain. Chemicals produced in India are utilised in a wide range of end-applications, including personal care, home care, crop care, healthcare, soaps, shampoos, talcum powder, paints, adhesives, garments, shoes, mobile phones, automobiles, and so on.
Market Size
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