Growth in demand forchemicals in developing countries is high leading to substantial cross borderinvestment in the chemical sector. The chemical industry comprises thecompanies that produce industrial chemicals. Chemicals are used to make a widevariety of consumer goods, as well as thousands inputs to manufacturing,construction, and service industries. The applications of industrial chemicalare in various fields like in organic chemicals, paint, varnishes, resins,petroleum, pigments, printing inks, acrylics polyesters engineeringthermoplastics. The chemical industry itself consumes 26 percent of its ownoutput. In modern age chemical industries have permeated most extensively incomparison with other industries and are progressing at a very rapid pace.
Chemical industry isone of the oldest industries in India. It not only plays a crucial role inmeeting the daily needs of the common man, but also contributes significantlytowards industrial and economic growth of the nation. The chemical industryforms the backbone of the industrial and agricultural development and
Provides buildingblocks for downstream industries; it is an important constituent of the Indianeconomy. The chemical industry in India which generates almost 13% of totalnational export is growing annually at a growth rate anywhere between 10% and12%. Global chemical production is growing and the growth is contributed by thechemical industry of developing countries.