‘India Chem’ is one of the largest composite events of the industry in the Asia-Pacific region and comprises an International Conference and Exhibition.
About India’s chemical and petrochemical industry
- Chemical and petrochemical industry in India forms an integral part of the growing Indian manufacturing industry
- Market segment
- Bulk chemical: They are chemicals produced in large quantities but with lower value.
- They could be alkali, organic and inorganic. They significantly cater to the downstream industries
- Petrochemicals: Also known as petroleum distillates, these chemicals are derived from petroleum and natural gas by refining.
- It includes polymers, and synthetic fibres, performance plastics and others.
- The production-consumption gap in these has remained negative over the years
- Specialty Chemicals: Chemicals with high value but low production volume are considered specialty chemical.
- For examples, surfactants, textile chemicals, paints and coating, dyes, agrochemicals and others.
- Bulk chemical: They are chemicals produced in large quantities but with lower value.
- Economic significance: Contributes over 9% to manufacturing gross value added and 7% to total exports.
- Growth potential: Currently it is valued at about worth$178 billion and is projected to surpass $300 billion by 2028 and is on track to reach $1 trillion by 2040.
Initiatives taken to promote the chemical and petrochemical industry
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