INDIA CHEM

The largest event on Chemicals & Petrochemicals the industry in India in its 11 edition, i.e. India Chem 2021, would be organized in New Delhi from
17 – 19th March 2021, jointly by the Department of Chemicals and Petrochemicals, Government of India, and FICCI. The chemical industry is the mainstay of industrial and agricultural development of the country and provides building blocks for several downstream industries such as textiles, papers, paints, soaps, detergents, pharmaceuticals, varnish, etc. Covering more than 80,000 products, this industry services a large number of end-use application industries. In India, it is estimated that more than 2 million people are employed in this industry. Indian chemical industry comprises of both small scales as well as large scale units. With initiatives like the “Make in India” program gaining steam, investments, innovation, and infrastructure are going to be the major thrust areas for chemical industry players. The current per capita consumption of chemical products in India is about 1/10 of the world average, indicating that the demand potential is yet to be realized. Moreover, India has a very strong outlook for the key end-user industries. Going ahead, it is estimated that the demand for chemical products is expected to grow at 9% p.a. over the next five years and is pegged at 1.2X GDP growth. Globally, the chemical industry is estimated at $ 4.7 Tn in 2017, it is also driven by demand from end-use industries. Indian chemical industry is estimated to be valued at $163 Bn in 2017 and contributes to 3.4% to the global chemical industry. It ranks 14 th in exports and 8 in imports of chemicals (excluding pharmaceutical products) globally. Net imports have grown at 5.8% between 2014 and 2018 in volume.