INDIA’S CHEMICAL SECTOR HAS SEEN A steady rise over the years. Today, the country ranks 6th in the world in chemical sales and contributes 3 per cent to the global chemical industry. The Indian chemicals industry is highly diversified covering more than 80,000 commercial products. It is broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers, and fertilizers.
Several factors have contributed to the robust growth of the chemicals sector. Rapid consumerism, acceleration in manufacturing in India for both domestic as well as export markets is the key contributor to the development of the chemicals sector in recent years. Continued focus in promoting investments in the chemical industry, policy changes and growth of PCPIRs has also helped the growth of chemical and petrochemical industry. The per capita consumption of chemicals in India (excluding pharma) stands at $100 million; significantly lower than the global average of $500 million. Over the last 28 years, India has grown rapidly at an average of 7 per cent. The increase in per capita income, rising spending power, overall population and working population growth are some other factors. Along with this growing middle-class base, urbanization and industrialization are also the major drivers of the end-use sectors that are consuming chemicals in various forms.
この記事は Manufacturing Today の February 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Manufacturing Today の February 2021 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、8,500 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Enhancing asset management with forefront RFID technology
Track, manage and monitor inventory of high-value assets using Zebra Integrated RFID technology to optimize workflow.
The role of robotics, automation & network integration
There is a symbiotic relationship between robotics, automation, and network technology. With the Internet of Things projected to exceed 25 billion devices, the integration of cutting-edge robots into interconnected systems is rapidly becoming a reality.
Pune Machine Tool Expo and FACTEQ 2024 to propel manufacturing progress in India
The four-day event featured around 230 exhibitors
UltraTech Cement's ₹800 crore investment
UltraTech's board greenlights capacity expansion at the Parli facility by 1.2 million tonnes
Kia honoured for 'Brand Design Language' at 2024 Car Design Awards
Kia introduced its groundbreaking new design philosophy, 'Opposites United.'
The power of data-driven procurement
An insight into the future of data-driven procurements and how businesses are seeking to adopt data-driven approaches in their procurement practices.
Manufacturing's Digital Leap Forward
Post event report of the webinar on Digital Factory Transformation in Manufacturing: Strategies for Success
Elevating brand equity through rigorous system validation
Exploring how System Validation differs from other types of validation in its scope and depth
India's semiconductor ambitions: How to move up the value chain?
With a strong focus on becoming a global semiconductor hub, India aims to establish a robust presence across the chip value chain.
Dubai's manufacturing story
Dubai is set to become trading and smart manufacturing centre despite global challenges