The chemical sector has significant growth in India due to various factors such as structural benefits, high domestic consumption, availability of diversified products, and promising export potential. Basic chemicals and their related products such as petrochemicals, fertilizers, paints, varnishes, glass, perfumes, toiletries, pharmaceuticals, and others contribute a significant part in the Indian economy. The Indian chemical industry has diversified portfolios covered over 80,000 chemical products. According to the India Brand Equity Foundation (IBEF), India has a sixth position in the production of chemicals across the globe and the third-largest country in Asia-pacific. India has the third rank in the production of agrochemicals across the globe and contributes around 16% to the global dyestuff and dye intermediates production. As per the IBEF, the chemical sector is projected to reach $300 billion by 2025, growing at an annual growth rate of 15-20% owing to the rising demand for chemicals and reduce imports in the country.

In India, the US, UAE, UK, Bangladesh, and Saudi Arabia are the largest importers of cosmetics, toiletries, and essential oils. As per the IBEF, total exports of the chemical industry including basic chemicals, specialty chemicals, agrochemical, and others are accounted for $19.09 billion during the 2018-19 and stood at $15.67 billion during April 2019-January 2020. During April 2019-January 2020, exports of essential oils increased 22.3% to $ 171.79 million, and exports of castor oil accounted at $769.05 million. Exports of inorganic, organic, and agrochemicals stood at $863.38 million, $7.14 billion, $2.83 billion from April 2019-January 2020.

We provide custom reports which include a comprehensive analysis of each sector of the chemical industry. 

The Categories Covered in the Indian chemical Domain Include 

• Base Chemicals 
• Specialty Chemicals 
• Agrochemicals 
• Pharma Chemicals 

The base chemical includes various subcategories of chemical including petrochemicals, man-made fibers, industrial gases, fertilizers, Chlor-alkali, other organic & inorganic chemicals. Petrochemicals play a significant role in all economic sectors such as Agriculture, infrastructure, healthcare, textiles, and consumer durables. The petrochemical industry in India is projected to grow significantly due to the sustainable government investments in infrastructure upgrades such as low-price housing will provide strong demand in polymers. Moreover, the low prices are projected to support the petrochemical industry both directly through access low-cost feedstock and providing consumers with additional disposable income. The sectors that drive the petrochemical demand include packaging, construction, automobiles, and agriculture.

Dyes and pigments, leather chemicals, construction chemicals, personal care ingredients & other specialty chemicals significantly contribute to the chemical industry in India. The factors that impact the specialty chemical industry in India include intense competition, technological complexity, and timing and regulatory environments in the country. 

The Agrochemical industry includes Insecticides, herbicides, fungicides & other crop protection chemicals and others. India has significant growth in the agrochemical industry owing to the growing demand for pesticides and other agrochemicals to increase agriculture productivity. According to the American Institute of Chemical Engineers (AICHE) the Indian agrochemical industry is the fourth largest industry across the globe after the US, Japan, and China. The industry included mostly generic products for the local market and India has become the dominant producer of products such as synthetic pyrethroids and isoproturon. 

The pharma chemical mainly comprising the Active Pharmaceutical Ingredients (APIs) & formulations. The Indian pharmaceutical industry is growing due to the increasing pharmaceutical drug production and the rising incidences of a number of chronic and infectious diseases in the country. The efficacy and safety of medications are significantly dependent on the quality of APIs. The pharmaceutical industry mainly relies on the imports of API and intermediates mostly from China.