Commercial Production of Chemicals. Chemical Industry Projects. Organic, Inorganic and Industrial Chemicals Manufacturing Plant. Profitable Manufacturing Business Ideas
A chemical is any substance consisting of matter. This includes any liquid, solid, or gas. A chemical is any pure substance (an element) or any mixture (a solution, compound, or gas). Chemicals occur naturally and can be made artificially.
Chemicals is one of the most diversified in the world, covering more than 70,000 commercial products.
India is the third largest producer of chemicals in Asia. The market volume of the sector is estimated at US $ 118 billion. In the financial year 2014-15, the Indian chemical industry has contributed 7% to GDP and 13% to the Indian industrial production. Increasing urbanization and per capita disposable income are resulting in a strong growth outlook for several key end-use industries. In the next five years, analysts expect a CAGR of 8%. Growth prospects remain positive. The market volume should increase to 173 billion US $ by 2018.
Indian chemical and petrochemical industry is one of the most diversified sectors covering more than 80,000 commercial products which are being exported to countries like Middle East, Korea, Japan and Singapore. With Asia’s increasing influences as a key consumption region, India emerges as one of the focus destinations for chemical companies worldwide.