Over the last fifteen years the Indian chemicals industry has graduated from manufacturing principle chemicals in a highly regulated market to being a mature industry in a liberalized economy. Until 1991, India had a closed economy, with the domestic chemical industry enjoying protection in the form of differential import duties on raw materials and finished chemical products. Chemical manufacturing was largely controlled by licensing regulations.
The chemical industry is among the fastest growing ones in India. The bulk of chemicals produced in India comprise either upstream products or intermediates, which go into a variety of manufacturing applications including fertilizers, pharmaceuticals, textiles and plastics, agrochemicals, paints and dyes.
The Indian chemical industry, 12th largest in production, is growing at an average rate of 12.5%. However, sector modernization of existing technology through foreign collaborations could further enhance growth.
Aruvian's R'search analyzes the Indian chemical industry in its new report Chemical Industry in India. The report researches the characteristics of the Indian chemical industry and the segments which, as a whole, make up this dynamic machinery of growth. The massive globalization and consolidation strides taken by the industry as explained in the report with the requirement of heavy capital investment that brings in more competition and the overall focus of the industry to meet the environmental challenge.
The report delves deeper into the processes applied in the Indian chemical industry and their defining global standards thereby ensuring leadership in exports as well as attracting significant FDI in the industry. The industry’s dynamics like competition, infrastructure and the regulatory policies with the reporting requirements deployed on the industry are explained by the report.
A comprehensive section on the affect of the REACH agreement, which came in to effect from June 1, 2007, on the Indian Chemical Industry, sets Aruvian’s offering apart from other reports on the subject. The report also profiles some of the leading players in the industry who have earned the reputation and pride for the Indian Chemical Industry globally and have placed India at the top of the pecking order.