Chemical Week


Gabrielle Morin, Eugene Yukin, Jacopo Dettoni

India Chemicals 2012 IHS CW Release

April 06, 2012

The chemical industry in India is the 12th largest chemical industry in the world, ranks third in Asia, and it is set to grow much further. According to a recent report by McKinsey, “the industry has the potential to grow at 13% to 16% per year to reach $80 billion to $100 billion by 2020. The industry is roughly divided into three segments: basic chemicals account for 57.14% of the industry, specialty chemicals for 25.71% and knowledge chemicals for 17.14%. Bolstered by investment-friendly government policies, including a goal to boost exports significantly in global markets, chemical exports grew at a compounded annual growth rate of 18% between 2008 and 2009 and the Commerce Ministry has a target to double exports from the chemical industry by 2014. However, despite the large gains in chemical exports, new opportunities have appeared on the domestic horizon and an increasing number of companies are no longer seeing India solely as an outsourcing base.


Haldor Topsoe discusses the potential for energy transition in Latin America.
Pochteca offers a portfolio of over 7,300 industrial products to clients throughout Latin America.
INEOS Styrolution explains the current market dynamics of the America’s and how it’s various units are coping.
Unigel Mexico laments the country’s inadequate feedstock production.


METC Engineering is a medium-sized EPCM company that designs and builds metallurgical plants for mines.