INDIAN CHEMICAL INDUSTRY AT A GLANCE IN 2021 - 2022
India is the sixth-largest producer of chemicals in the world. India is the fourth-largest producer of agro-chemicals after the United States, Japan and China. India accounts for about 16% of the world production of dyestuffs and dye intermediates. Indian colorants industry has a global market share of about 15%. India ranks 14th in exports and 8th in imports at global level in the chemical arena.
The Indian chemicals industry stood at US$ 178 billion in 2019 and is expected to reach US$ 304 billion by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per annum by 2025. The chemical industry would contribute about US$ 300 billion to India’s GDP by 2025. The demand for specialty chemicals is expected to rise at a 12% CAGR in 2019-22.
Industry Forecast Industry InvestmentsAn investment of Rs. 8 lakh crore (US$ 107.38 billion) is estimated in the Indian chemicals and petrochemicals sector by 2025. Under the Union Budget 2022-23 the Indian government allocated Rs. 209 crores (US$ 27.43 million) to the Department of Chemicals and Petrochemicals.