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In terms of
value and production volume, Indian chemical industry is the 3 rd largest
producer in Asia and 6 th by output in the world. Indian chemical industry
could grow at 11 per cent p.a. to reach size of USD224 billion by 2017. In
2016, Indian chemicals industry had a market size of USD139 billion. By 2025,
the Indian chemical industry is projected to reach USD403 billion. The chemical
industry in India is a key constituent of Indian economy, accounting for about
2.11 per cent of the GDP. More than 70,000 commercial products such as
petrochemicals and basic chemicals are covered under chemical sector. India accounts
for approximately 16 per cent of the world production of dyestuff and dye
intermediates, particularly for reactive acid and direct dyes. India is
currently the world’s 3rd largest consumer of polymers & 3rd largest
producer of agrochemicals. India specialty chemical market is expected to reach
USD70 billion by 2020. Value exports of inorganic chemicals from India is
estimated at USD1.21 billion in FY16, with the organic chemical market reaching
USD11.51 billion in FY16. Exports of organic chemicals from India stood at
USD4.02 billion in FY16.
Polymers
and agrochemicals industries in India present immense growth opportunities. In
FY15, India’s construction chemical market was valued at USD589.58 million,
thereby representing ample growth opportunity in chemical sector. In 2016,
polymer production in India was recorded at around 9 million tons.
Major Segments of The
Indian Chemical Industry
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Base Chemicals
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Petrochemicals,
man-made fibres, industrial gases, fertilizers, chlor-alkali & other
organic & inorganic chemicals
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Specialty Chemicals
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Dyes & pigments,
leather chemicals, construction chemicals, personal care ingredients &
other specialty chemicals
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Pharmaceuticals
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Active
Pharmaceutical Ingredients & formulations
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Agro-chemicals
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Insecticides,
herbicides, fungicides, & crop protection chemicals
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Bio-technology
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Bio-pharma,
bio-agri, bio-services, & bio-industrial products
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Product – Wise
Classification of the Indian Chemical Industry
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Alkali
Chemicals
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Soda ash, Caustic
soda, Liquid, Chlorine
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Inorganic
Chemicals
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Aluminium Fluoride,
calcium carbide, carbon black, potassium chlorate, titanium dioxide, red
phosphorous
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Organic
Chemicals
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Acetic acid,
acetone, phenol, methanol, ortho nitro chloro benzene (ONCB), Isobutyl, Para
nitro chloro benzene (PNCB), Ethyl, Alkyl amines, acetic anhydride,
formaldehyde
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Pesticides
& Insecticides
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Malathion,
parathion, ethicon, endosulphan, phosolone, phorate, acephate, fenvalerate
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Dyes
& Dyestuffs
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Azo dyes, disperse
dyes, fast colour bases, ingrain dyes, napthols, VAT dyes, reactive dyes,
pigment emulsion, sulphur dyes
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Total
chemical production in India was 4808 MT in FY15 (upto September 2014) &
reached to 4863 MT in FY16 (upto September 2015) . The growth of 1.1 per cent
was registered from FY15 to FY16
With 69 per
cent share in the total production, alkali chemicals accounted for the largest
share in Indian chemical industry in FY16 (upto September 2015) During FY16
(April to September 2015), production of alkali chemicals in India stood at
3,322 MT.
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