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Globally, India is the third-largest consumer of polymers, fourth-largest producer of agrochemicals and sixth-largest producer of chemicals?

Follow a thread on the Chemical sector overview in India.

#chemicals #sectoranalysis
1)Covering more than 80,000 commercial products, India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilisers.
2)The Indian chemicals industry stood at $ 178 bn in 2019 and is expected to reach $ 304 bn by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% p.a. by 2025. The chemical industry is expected to contribute $ 300 bn to India’s GDP by 2025.
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