Chemical industry in India

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The chemical industry of India is a major industry in the Indian economy and as of 2022, contributes 7% of the country's Gross Domestic Product (GDP).[1] India is the world's sixth largest producer of chemicals and the third largest in Asia, as of 2022.[2] The value of the Indian chemical industry was estimated at $100 billion dollars in 2019.[3] The chemical industry of India generates employment for five million people.[4] The Indian chemical industry produces 80,000 different chemical products. India was also the third largest producer of plastic in 2019. As of September 2019, the alkali chemical industry produced 71% of all chemicals produced in India.[5] India's chemical industry accounts about 14% of production in Indian industries.[6]

Introduction

The Indian chemical industry mainly produces basic types of chemicals as well as knowledge type chemicals and specialty type chemicals as of 2018.

pharmaceuticals
, etc.

Production

The chemicals industry in India is very diversified and can essentially be classified into 6 categories: bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilisers.[9]

Basic organic chemicals

The organic chemicals industry is one of the most significant sectors of the chemical industry in the world. It plays a vital role in providing inputs for other industries of

alkylamines, and its derivatives formaldehyde, acetic acid, and phenol
contributing to nearly 2/3 of Indian basic organic chemical industry. The country has several basic organic chemical companies that are among the largest companies globally in their chemical productions. These companies include:

Inorganic chemicals

Chlor-alkali chemicals

In India,

detergents
. In the financial year 2019–2020 of chlor-alkali industry of India over four million metric tons of alkali chemicals were produced. The products that are produced in this industry are
caustic soda, and liquid chlorine.[12] Tata Chemicals, a diversified Indian chemicals company, is also the world's third largest manufacturer of soda ash.[13]

Speciality chemicals

As of December 2021, the speciality chemicals segment comprised 22% of India's overall chemicals market.[14] In 2019, India's share of the global speciality chemicals market stood at 4%, however India's market share is projected to stand at 5.5% by 2025.[14] India has several niche specialty chemical companies that are among the largest companies globally in their specific niche sectors. These companies include:

References

  1. ^ Awasthi, Anurag (6 September 2022). "In the global semiconductor race, India's chip manufacturing needs to get the 'chemistry' right". The Economic Times. Retrieved 6 January 2023.
  2. ^ "Exports of Indian chemicals register growth of 106% in 2021-22 over 2013-14". pib.gov.in. 27 April 2022. Retrieved 6 January 2023.
  3. ^ "Topic: Chemical industry in India". Statista. Archived from the original on 26 May 2020. Retrieved 2 September 2020.
  4. ^ "Sectors". www.cii.in. Retrieved 2 September 2020.
  5. ^ "Chemical Industry in India – Indian Chemical Sector Analysis". www.investindia.gov.in. Retrieved 2 September 2020.
  6. ^ PricewaterhouseCoopers. "Chemicals". PwC. Retrieved 7 September 2020.
  7. ^ "India - chemical market share by type 2018". Statista. Retrieved 3 September 2020.
  8. ^ "India - chemical industry share by state 2018". Statista. Retrieved 3 September 2020.
  9. ^ "Chemical Industry, Chemicals Manufacturers and Exporters in India - IBEF". India Brand Equity Foundation. May 2022. Retrieved 13 June 2022.
  10. ^ Karim, Abdul (30 December 2019). "Pick of the week: Balaji Amines Ltd" (PDF). HDFC Securities. p. 3. Retrieved 15 May 2022.
  11. ^ "Indian Chlor Alkali Market Size, Share, Trends and Industry Analysis". Orion Market Research.
  12. ^ "India - alkali chemicals production volume 2020". Statista.</text>
  13. ^ Yadavalli, Sai Prabhakar (19 February 2022). "Why you should accumulate Tata Chemicals stock". Business Line. Retrieved 18 May 2022.
  14. ^ a b Sharma, Gaurav (20 December 2021). "India's chemical industry will continue on growth path, says JM Financial". Moneycontrol. Retrieved 3 May 2022.
  15. ^ Green, Elizabeth (12 July 2017). "Camlin Fine Sciences Becomes World's Third-Largest Vanillin Producer". .foodingredientsfirst.com/. Retrieved 10 May 2022.
  16. ^ Shah, Mitesh; Shah, Dhavan; Khandekar, Siddhant (6 July 2021). "Clean Science and Technology Ltd" (PDF). ICICI Direct. p. 4. Retrieved 10 May 2022.
  17. ^ Shah, Mitesh; Shah, Dhavan; Khandekar, Siddhant (15 July 2021). "Tatva Chintan Pharma Chem Ltd" (PDF). ICICI Direct. p. 7. Retrieved 11 May 2022.
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