Chemical Technology

A global manufacturing hub for chemicals and petrochemicals

April 30, 2021

The manufacturing sector plays a significant role in the outputof the Indian economy, and chemical manufacturing is a crucialsegment with roots spread across a wide range of end-useindustries. With the index of industrial production (IIP) forchemical manufacturing returning to pre-COVID levels, theindustry is expected to grow at a CAGR of about 9.2% by FY25.7
Demographic dividends, low per capita consumption, an increasingexport demand and enabling Government initiatives are thekey growth drivers for the Indian chemical industry. Attractivebusiness opportunities are present in different segments, includingpetrochemical intermediates, downstream petrochemicals and
specialty chemicals. The coming decade is expected to bring ininvestments worth more than USD 87 billion (solely on the basis ofthe major petrochemical products under consideration).

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