1. Market Research
  2. > Chemical Market Trends

India Chemical Industry Report - 2014

  • April 2014
  • 30 pages
  • Emerging Markets Direct Media Holdings
Report ID: 3307087

Summary

Table of Contents

This report profiles India's chemicals industry, discussing market trends through 2013 and outlook for 2014 and beyond. The report also highlights leading players in the sector including Tata Chemicals Ltd, UPL Ltd, and Pidilite Industries Ltd.



The Indian chemical industry has played an important role in the development of the Indian economy. The industry includes basic chemicals and chemical products, petrochemicals, agrochemicals, dyes, paints and varnishes, synthetic fibers, and industrial gases. The chemicals and chemical products industry is among the 22 industry groups in the manufacturing sector tracked by the Index of Industrial Production (IIP) and is the second-largest sector after basic metals.



Industrial production in India saw a period of extended slowdown during FY14. However, the chemical and chemical products sector emerged resilient even amidst the slowdown. The sector recorded double-digit growth even when most of the manufacturing industries were struggling to stay profitable. A consistent rise in demand for chemicals and chemical products in the country was the primary reason for the growth of this sector. Most of the players in the sector rode this wave and recorded growth in both revenues as well as profitability. Rising fuel costs and an increase in imported raw material costs (due to rupee depreciation) was a concern, but was offset by the higher revenue growth.



However, domestic production was insufficient to meet demand and as a result a large proportion of the requirement was met through imports. There has been a rapid increase in the sector's trade deficit during the last five years despite having a substantial export share. This has prompted the government to take steps to stimulate domestic chemicals manufacturing.



Going forward, we expect the industry to continue on its growth track backed by a growing construction sector, a large textile sector, and a growing need for agrochemicals. The introduction of the National Chemical Policy and other such government incentives will further add to the growth of this sector.



Key Points:



o This report includes detailed financial information, a comparative matrix, and a SWOT analysis for three leading industry players: Tata Chemicals Limited (TCL), UPL Limited (UPL), and Pidilite Industries Limited (PIL).



o Chemicals and chemical products together constitute about 10.1% of the industrial output represented by IIP and grew at a CAGR of 2.1% during fiscal years 2007-2012.



o In the period 2008-2013, chemical exports recorded an annual growth rate of 18%. As of FY13, organic chemicals accounted for 44% of Indian chemical exports, followed by plastic products with a contribution of 19%.



o Chemical imports accounted for 7.6% of the country's total imports as of FY13.



o In 9MFY14, the chemical manufacturing index grew by 10.3% year on year while the general index declined by 0.1% year on year. Thus, the segment not only outperformed its historic growth rates but also outperformed the overall Indian manufacturing sector during this period.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Specialty Chemicals Market - Segmented By Type and Geography - Trends and Forecasts (2017 - 2022)

  • $ 7500
  • Industry report
  • February 2017
  • by Mordor Intelligence LLP

The global specialty chemicals market was valued at USD XX billion in 2015, and is likely to reach USD XX billion by 2020, growing at a CAGR of XX%, during the forecast period (2017 - 2022). Specialty ...

Flame Retardant Chemicals: Technologies and Global Markets

  • $ 6650
  • Industry report
  • March 2017
  • by BCC Research

Use this report to: - Assess global market and quantify the demands for flame retardant chemicals by chemical type and end-use application over the years 2016 to 2022. - l Understand current market dynamics ...

Top 10 High Growth Paints & Coatings Market by Coating Type - Global Forecast to 2021

  • $ 5650
  • Industry report
  • February 2017
  • by MarketsandMarkets

“Global paints & coatings market to register a CAGR of 5.07% from 2016 to 2021” The global paints & coatings market was valued at USD 141.58 billion in 2015 and is projected to register a CAGR of ...


Download Unlimited Documents from Trusted Public Sources

Agrochemical Industry in the US and Denmark

  • May 2017
    159 pages
  • Agrochemical  

  • United States  

    Denmark  

View report >

Global Acid Industry

  • May 2017
    10 pages
  • Acid  

  • United States  

    North America  

    World  

View report >

Specialty Chemical Market Size in the US

  • May 2017
    3 pages
  • Specialty Chemi...  

  • United States  

    North America  

View report >

Related Market Segments :

Chemical

ref:plp2014

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.