Production of Acetophenone, Alcohols, Alletrhin, Fine Chemicals, Formaldehyde, Granulated Fertilizers,.................

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Production of Acetophenone, Alcohols, Alletrhin, Fine Chemicals, Formaldehyde, Granulated Fertilizers, Anthracene, Barium Potassium Chromate Pigment, Chlorophyll, Chemicals from Acetaldehyde, Fats, Milk, Oranges, Wood, Calcium Cyanamide, Carboxymethylcellulose, Carotene, Manufacture of Dye Intermediates and Dyes, Granulated Triple Superphosphate and Hydroquinone

Industrial chemicals are chemicals related to the production of chemical compounds. Basic and industrial chemicals are produced in huge quantities and are critical ingredients for products used by both industry and the general consumer. They include chemical raw materials derived from oil (petrochemicals), basic inorganics and intermediates for chemical processes.

The Indian chemical industry stands as the third largest producer in Asia and 12th in world, in terms of market volume. The estimated size of Indian chemicals sector stands at approximately USD 139 billion. Fourth largest global producer of agro chemicals. Total production of the major chemicals including petrochemicals was 23.9 million tons during 2015-16 while production of polymers stood at around 9 million tons. Chemicals sector also acts as a key enabling industry and provides support for variety of other sectors like agriculture, construction, leather etc.

Chemical Industry is one of the oldest industries in India, which contributes significantly towards industrial and economic growth of the nation. Since this industry has numerous forward and backward linkages, it is called the backbone of the industrial and agricultural development of the country and provides building blocks for many downstream industries.

India accounts for approximately 15% of the world production of dyestuff and dye intermediates. Total production of the major chemicals including petrochemicals was 23.9 Million tons in 2015-16. Polymer demand is expected to grow by 8-10% with healthy growth in industries such as clothing, automobiles etc. Chemicals is one of the most diversified in the world, covering more than 70,000 commercial products.

India’s chemical industry is likely to touch $214 billion (approx 13, 91,000 crore) in the next four years from $139 (approx 9, 03,500 crore) in fiscal 2014 with estimated growth of around 9 per cent a year amid growing demand scenario. 

The global chemical industry is estimated at $4.3 trillion, with Indian chemical industry accounting for $147 billion in 2015. The Indian chemical industry is expected to grow to $226 billion by 2020.

Chemical exports from India stood at USD18.74 billion for FY17. Exports in the chemical industry grew from USD22.43 billion in FY13 to USD26.97 billion in FY16, registering a growth of 4.71 per cent. 

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