Introduction
India is among the top 10 chemical producing countries and is among the top three basic chemical producing countries globally. The chemicals and petrochemicals market in the country was worth US$ 178 billion in 2019-20 and is expected to reach US$ 300 billion by 2024-25. The industry employs around 2 million people in India. The dye production in India accounts for 16% of the world’s production.
Chemical manufacturing in India is mainly concentrated in Maharashtra and Gujarat. The other major producing states are West Bengal and Tamil Nadu.
Export Trend
India is one of the top chemical exporters. In 2021-22, the chemical exports hit a record high at US$ 29.3 billion. This was a 106% growth over 2013-14 exports. India exports inorganic and organic chemicals, tanning and dyes, plastics, synthetic rubber, filaments, etc. In 2020-21, India’s total chemical and chemical products exports accounted for about 13% of the country’s total exports.
In March 2022, the organic and inorganic chemical exports of the country were valued at US$ 2.8 billion; a 15.4% increase from February 2022. Between 2016-17 and 2020-21, the CAGR of export growth has been 10% in India.
Export Destinations
India exports chemical and chemical products to China, the US, Brazil, Netherlands, Saudi Arabia, Indonesia, UAE, Japan, Germany, etc. The US is a major importer of inorganic chemicals and China is the major importer of essential oils from India.
Government Initiatives
Chemical Promotion and Development Scheme (CPDS)
The primary objective of the CPDS is to facilitate growth in the chemical and petrochemical industry with knowledge dissemination through studies, surveys, data banks and promotional materials. The three main components of the scheme are knowledge product creation, knowledge dissemination and excellence awards for research and innovation.
Government Body
Basic Chemicals, Cosmetics and Dyes Export Promotion Council (CHEMEXIL)
Found in 1962 by the Government of India, the primary objective of the CHEMEXIL is to promote chemical product exports abroad. The important roles of the council are to be an interface between the industry and government, participate in international exhibitions, advise the government on policies, provide training and knowledge transfer to industries, etc.
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Jhansi Castle, 4th Floor
7, Cooperage Road,
Mumbai - 400001,
Maharashtra
India
Tel.:+91-22-22021288/22021330
Fax: +91-22-22026684
Email: info@chemexcil.gov.in
Website: www.chemexcil.gov.in
