Learn about the companies from the Chemical base materials industry in India

The chemical sector has grown from 13 to 14 % in the past years the government has maintained that the chemical industry is one of the industries of the key growth sector of the Indian economy. It forms a major part of the basic goods industry and is significant when it comes to agricultural development and industrial development. 100 % FDI is permissible here. Basic chemicals like the petrochemicals, paints, fertilizers, perfumes, varnishes, pharmaceuticals, glass, etc. create a vast industry that is related to various other industries. It is also today the most diversified industrial sector with around 70,000 commercial products.
Polymers and plastics, especially polyethylene, polypropylene, polyvinyl chloride, polyethylene terephthalate, polystyrene and polycarbonate comprise about 80% of the industry’s output worldwide. Chemicals are used in a lot of different consumer goods. They are also used in other sectors; including agriculture manufacturing, construction, and service industries. Major industrial customers include rubber and plastic products, textiles, apparel, petroleum refining, pulp and paper, and primary metals.
Basic chemical growth makes for almost two – thirds of the industry. The future growth of the chemical industry will largely depend on the developing new markets where the gains will range from 6 to 10 percent compared to 3 percent in the developed economies.
The total exports of organic, inorganic, dyes, dye intermediates, agrochemicals, essential oils, cosmetics, incense sticks castor oil, etc. stood at $ 12.7 billion in 2014-15. Most of the imports are to countries like UAE, US, UK, Saudi Arabia, and Bangladesh, etc. The chemical council of India holds promotional fair and events to support and help the growth of industries and identify potential markets.
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