Chemical & Petrochemical Industry in India

 

  • India is the 6th largest producer of chemicals in the world and the 3rd largest in Asia, contributing 7% to the country’s GDP
  • The chemical and petrochemical industry in India employs over 2 million people and produces more than 80,000 different chemicals and petrochemicals
  • About 70% of India’s chemical production is used within the country
  • India contributes to 2.5% of global chemical sales
  • On the global stage, India holds a strong position in the trade of chemicals, ranking 14th in exports and 8th in imports (excluding pharmaceuticals)
  • India has a significant global presence, exporting chemicals to more than 90 countries, especially in the areas of dyes, pharmaceuticals, and agrochemicals.
  • Sustainability and Green Chemistry
  • Eco-friendly Products: Increasing demand for biodegradable and sustainable chemicals
  • Circular Economy: Focus on recycling and reducing waste through efficient processes
  • Carbon Footprint Reduction: Companies are investing in energy-efficient production methods and low-emission technologies
  • Green Petrochemicals: Development of bio-based feedstocks for petrochemical production
  • Digital Transformation and Industry 4.0
  • Automation and AI: Widespread adoption of AI, IoT, and robotics for process optimization and predictive maintenance
  • Data Analytics: Enhanced decision-making through real-time data analytics for performance and supply chain management
  • Smart Manufacturing: Introduction of smart factories for better quality control and operational efficiency
  • Blockchain: Use of blockchain for improved traceability, transparency, and supply chain security

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