ICC hosts India Chemical Industry Conference from Mar 6

05 Mar '14

3 min read

The Indian chemical industry is currently at US $136 Billion approximately, and is likely to grow at a compound annual growth rate of 10-12 percent over the next five years. Over the last decade, the Indian chemical industry has strengthened its competitiveness in agrochemicals and pharmaceuticals segments, becoming one of the major exporters for these segments, globally. The industry also witnessed increased investmentsin the specialty sector, which is poised to be the fastest growing segment in India.

Domestic growth in chemicals industry will be driven by increase in consumption and high growth in the end-user industries, where per capita consumption presently is low. Key end-user industries such as construction, automotive, packaging, and electronics are expected to drive demand immensely.

Construction is likely to grow at 12 percent, packaging and electronics at around 13 percent, rendering a promising growth of over 12 percent to the chemicals demand.

Regulatory compliances and sustainable practices will also aid the Indian industry to become a key manufacturing hub for chemicals on the global map in the future. Indigenous innovation will play an important role in making the industry competitive vis-à-vis international companies.

The Frost & Sullivan whitepaper will focus on emerging markets, and will have an overview and key characteristics of the Indian chemical industry, its key segments - Base Chemicals, Agrochemicals, Specialty Chemicals, and the Mega Trends impacting the industry.

Indian Chemicals Council

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