Chemical
@ZibiGroup
The chemical industry includes all companies involved in the production of chemicals and chemical products. This includes basic chemicals, specialty chemicals, petrochemicals, polymers, fertilizers, and industrial gases, while typically excluding pharmaceuticals and agricultural chemicals. The industry’s principal products range across industrial and consumer applications, with outputs used in manufacturing, agriculture, construction, and healthcare.
Market size
For 2023-2024, the Indian chemical industry is estimated to be valued around ₹8.5 trillion (INR), with significant growth expected driven by key sectors such as agriculture, pharmaceuticals, textiles, and more. The industry is forecast to maintain a positive growth trajectory, underpinned by strong demand across various chemical products and government initiatives to support sector growth
Challenges:
⦿ Environmental Regulations
⦿ Supply Chain Issues
⦿ Rising Production Costs
⦿ Innovation Demand