Total Market size of Chemicals & Petrochemicals segment in India shall be worth $220 Bn.
In India, the Chemicals industry is very large and highly diversified, covering more than 85,000 commercial products. It is broadly classified into Agrochemicals, Petrochemicals, Polymers, Bulk chemicals, Specialty chemicals, and Fertilizers. Due to close proximity to the Middle East, a Petrochemical Hub, India is a preferred destination for Refinery, Logistics, and Distribution.
India is a major global dye supplier, accounting for approximately 16% of world production of dyestuff and dye intermediates. The Chemicals industry in India has been de-licensed, except for a few hazardous chemicals. Upcoming Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIRs) and Plastic Parks will provide state-of-the-art infrastructure for the sector.
- Overall Chemicals & Petrochemicals market is projected to reach $383 Bn by 2025
- India ranks 14th in exports and 8th in imports of chemicals (excluding pharmaceuticals) internationally
- Demand for chemical products is expected to grow at approximately 11% p.a. over the next 6 years
- Indian chemical industry employs more than 2.2 million people
100% FDI is allowed under the automatic route in the chemicals sector (except in certain hazardous chemicals). COMPAXED team has closely worked with various chemical firms in M&A, Management Consulting, and Corporate Advisory segments.
