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Snapshot of Indian Chemical Industry

  • • 6th largest globally & 3rd largest in Asia.

    • 4 approved PCPIR regions in the states of Gujarat, Andhra Pradesh, West Bengal and Odisha.

    • India to emerge as Asia’s Mega Refining hub with enhanced refining capacity from current 190 mmtpa to 300 mmtpa by 2017.

    • Planning Commission has set up the task force to devise strategies to reach the targeted size.

    • INR 1.54 trillion earmarked for refining & marketing sectors under 12th Five Year Plan.

    • Inorganic chemical industry is growing at approximately 9% p.a.

    • Dye & dye intermediate market expected to reach1200 kt by FY-15.

    • Agrochemicals industry is largely exports driven with over 60% of exports to USA, UK, Russia, EU, South Africa, Bangladesh & Malaysia.

    • Aromatics & Olefins markets to grow at 15% & 10% p.a. respectively over the next 4-5 years.

    • Paints and coatings industry is projected to grow at the rate of 11-14% in the next five years.

    • Domestic specialty chemical industry is expected to grow at 15%, almost double the growth of global industry; exports to touch USD 13 billion in 2013.
 

Chemtech Network