Chemicals & Fertilizers – ICC Sector Watch

The Indian paint industry is over 100 years old

The Indian paint industry is over 100 years old. The decorative paint market includes multiple categories depending on the nature of the surface like exterior wall paints, interior wall paints, wood finishes, enamels as well as ancillary products like primers, putties, etc. The industrial paint category constitutes the balance 25% of the paint market and…

India’s chemical industry is extremely diversified globally being the fourth-largest producer of agrochemicals accounting for 16% of the world production of dyestuffs and dye intermediates

India’s chemical industry is extremely diversified globally being the fourth-largest producer of agrochemicals accounting for 16% of the world production of dyestuffs and dye intermediates. Indian chemicals industry stood at $178 billion in 2019 and is expected to reach US$ 304 billion by 2025 exhibiting a CAGR of 9.3%. The demand for chemicals is expected…

The Indian Chemicals sector covers more than 80,000 commercial products

The Indian Chemicals sector covers more than 80,000 commercial products and it is extremely diversified and can be grouped into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilizers. Globally, India is the fourth-largest producer of agrochemicals standing after the United States, Japan, and China. India accounts for around 16% of the world’s production of…

The Indian fertilizer industry has been able to provide enhanced food security for the nation

The Indian fertilizer industry has been able to provide enhanced food security for the nation. Indian agriculture is heavily dependent on the use of fertilizers. It is expected that the Indian fertilizer market will reach a value of about INR 1,131 Billion by 2027, exhibiting a CAGR of 4.8% during 2021-2027 from INR 858 Billion…

The success of India’s green revolution and consequent self-reliance in food grain production is largely attributed to use of fertilizers

The success of India’s green revolution and consequent self-reliance in food grain production is largely attributed to use of fertilizers. The Indian fertilizer market reached a value of INR 858 Billion in 2021. It is expected that the market will reach INR 1,131 Billion by 2027, exhibiting a CAGR of 4.8% during 2022-2027. The country’s…

India is a hub for chemical companies. The chemical industry is one of the most significant contributors to the growth and development of our economy

India is a hub for chemical companies. The chemical industry is one of the most significant contributors to the growth and development of our economy. The quantum of production of key chemicals increased to 21.52 lakh tonnes during 2022-23 till May 2022 to be precise as compared to 19.97 lakh tonnes during the corresponding period…

Chemical businesses find India to be a promising location

Chemical businesses find India to be a promising location. One of the key factors in the expansion and improvement of any economy is the chemical industry. In fact, a 15% to 20% annual growth rate is predicted for the Indian chemical industry, which is projected to double in size to reach USD 304 billion by…

For numerous industries, including textiles, paper, paints, medicines etc. industry in India provides a variety of raw materials and building blocks

For numerous industries, including textiles, paper, paints, soap & detergents, medicines and agrochemicals, the chemical industry in India provides a variety of raw materials and building blocks. India ranks third in Asia and is the sixth-largest producer of chemicals in the world. India is ranked 14th in the world for chemical exports. India is the…

Sector Category: Chemicals & Fertilizers