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    Chemical Industry Snapshot: Indian Chemical Industry Set To Touch $304-bn by FY25: Report

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    The document discusses India's chemical industry and its growth prospects. It is expected to grow at around 9% annually to reach $304 billion by 2025 from $163 billion currently, driven by demand for speciality chemicals and petrochemical intermediates. It also notes that India's per capita chemical consumption is much lower than the world average and achieving renewable energy targets by 2022 may fall short.

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    Chemical Industry Snapshot: Indian Chemical Industry Set To Touch $304-bn by FY25: Report

    Uploaded by

    Hammad
    27 views3 pages
    The document discusses India's chemical industry and its growth prospects. It is expected to grow at around 9% annually to reach $304 billion by 2025 from $163 billion currently, driven by demand for speciality chemicals and petrochemical intermediates. It also notes that India's per capita chemical consumption is much lower than the world average and achieving renewable energy targets by 2022 may fall short.

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    Chemical Industry paper1

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    The document discusses India's chemical industry and its growth prospects. It is expected to grow at around 9% annually to reach $304 billion by 2025 from $163 billion currently, driven by demand for speciality chemicals and petrochemical intermediates. It also notes that India's per capita chemical consumption is much lower than the world average and achieving renewable energy targets by 2022 may fall short.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    27 views3 pages

    Chemical Industry Snapshot: Indian Chemical Industry Set To Touch $304-bn by FY25: Report

    Uploaded by

    Hammad
    The document discusses India's chemical industry and its growth prospects. It is expected to grow at around 9% annually to reach $304 billion by 2025 from $163 billion currently, driven by demand for speciality chemicals and petrochemical intermediates. It also notes that India's per capita chemical consumption is much lower than the world average and achieving renewable energy targets by 2022 may fall short.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Chemical Industry Snapshot

    India’s import of nylon filament yarn from the EU and Vietnam had increased from

    7,201 tonnes in 2013-14 to 13,799 tonnes during October 2015-March 2017

    period, which was the period of investigation.

    Indian chemical industry set to touch $304-bn by FY25: Report

    The country’s chemical industry is expected to grow at around 9 percent per

    annum to reach $304-bn by FY25, from $163-bn in FY18, according to a report by

    Tata Strategic Group, brought in association with industry body FICCI, and

    unveiled at the India-Chem 2018 expo & conference held in Mumbai recently.

    The growth is likely to be driven by rising demand in end-use segments for

    speciality chemicals and petrochemicals intermediates, the report stated.

    The study said the domestic chemical sector (other than fertiliser) attracted FDI

    investment of $1.3-bn in FY18, which is about 3 percent of the total FDI inflow.

    Noting that the domestic chemical industry’s growth is largely driven by country’s

    consumption growth story, the report said the per capita consumption of

    chemicals in the country is 1/10th of world average with India being a low

    consumption country even among developing nations.

    Mr. Deepak Mehta, Chairman-FICCI National Chemical Committee and CMD,

    Deepak Nitrite, said that the significantly growing domestic market and the

    FRPT Research 11
    Chemical Industry Snapshot

    upheavals in international markets, particularly with respect to China, augur well

    for the Indian chemical industry. The country must target to become the third

    largest player in the next few years, he added.

    According to BASF India’s Chairman & Managing Director Dr. Raman

    Ramachandran, the chemical industry will be a key enabler and catalyst in

    achieving the target of $1 trillion manufacturing economy by 2028, from the

    current $380-bn. “The projected high local demand will provide us a strong plat

    form to also establish ourselves as major supplier of speciality chemicals to the

    world with right investments. The chemical sector is very strategic to achieving

    our country’s vision encompassed in Make in India, Swachh Bharat, Housing for All

    and Power for All,” he said.

    Only 76% of India's renewables target to be met by 2022: Wood Mackenzie

    India’s renewable energy target of 175-GW capacity (100-GW of solar and 75-GW

    of wind) by 2022 would be an “ambitious endeavour” according to Wood

    Mackenzie, a global energy, chemicals, renewables, metals and mining research

    and consultancy group. Even with significant cost declines, Wood Mackenzie

    expects about 76% of the target to be met by 2022. However, the group said this

    would still be “a noteworthy achievement”.

    FRPT Research 12
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