| |September 20205Chemical industry in India has been a consistent performer compared several other sectors. As chemicals are a significant part of India's overall trade flow, the industry has been consistently ranking third in imports and fourth in exports for the past five years. Being an industry-of-industries with a combined turnover of USD 160 billion, it is growing at 100 basis points faster than the economic growth of the country. Between 2006 and 2019, the compound annual growth rate (CAGR) in TRS for India's chemical companies was 15 percent--a figure much higher than the global chemical-industry return, with a CAGR of 8 percent, and the overall global equity market, with a CAGR of 6 percent. Even between 2016 and 2019, when India's economy faced headwinds, the chemical industry maintained a CAGR of 17 percent. Moving ahead, the safety and environmental demands on the chemical industry are expected to intensify across the world, and India will be no exception. The MSME segment will need to rejig their portfolios and offer safer substitutes that pass scrutiny. India is expected to enhance its competitiveness in the petrochemical segment by using IT, AI, and Big Data to automate its operations and provide improvements in margins to the tune of 3 to 5 percent. The way forward will be to build self-sufficiency in petrochemicals to plug the shortfall of domestic supply of 52 percent in petrochemical intermediates: six value chains make up about 77 percent of this shortfall, creating an opportunity worth approximately $ 11 billion. Moreover, ramping up exports in select areas, such as specialty chemicals, to obtain a larger share of global value is the immediate need. To bring this special issue to fruition, we have studied this industry segment in-depth and have come up with the list of 10 Most Promising Chemical Companies who have excelled in this field with their innovative approach. Having proven their dedication to quality and end-to-end addressal of customer requirements, these companies have stood out from the crowd.We look forward to receiving your feedback. Sudhakar SinghEditorsudhakar.singh@theindustryoutlook.comThe Consistent Performer Vol 2 · Issue 1 · September 10, 2020Publisher Alok ChaturvediEditor Sudhakar Singh Editorial Team Janifha Evangeline Samrat Pradhan Hridkamal Roy Teja Boncheruvu Art & Graphics Ashok Kumar Vetrivel S GM Sales & MarketingVirupakshi Pattarsales@theindustryoutlook.com Editorial Querieseditor@theindustryoutlook.comCirculation Manager Magendran PerumalCover price is Rs. 150 per issue.Printed and Published By Alok Chaturvedi on behalf of Siliconmedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Mu-rugeshpalya, Bangalore-560017.Editor Alok ChaturvediCopyright © 2020 SiliconMedia Technolo-gies Pvt Ltd, All rights reserved. Repro-duction in whole or part of any text, pho-tography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.
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