Overview
The chemicals and process industries refer to a broad set of organic and inorganic chemical industries as well as the petroleum industry and the petrochemical industry. The range of products produced under this sector is quite extensive and includes not just chemicals but also plastics, detergents, paints, pigments, and synthetic rubber.
This sector has thrived in India over the past few decades, buoyed by the country’s consistent economic growth, which has led to sustained demand for these products. Right now, the Indian chemical industry is a critical component of the Indian economy, contributing around 6.7% to the country’s gross domestic product or GDP. It has become a vital part of India’s agricultural and industrial development and a supplier to other mainstream sectors such as automotive, engineering, food processing, and consumer durables.