Driving Innovation in Chemical Manufacturing

The Indian organic chemicals market is booming as the demand of diverse industries is growing along with the supportive government policies. Major sectors that use organic chemicals as basic raw materials include pharmaceuticals, agrochemicals, textiles, paints, and plastics. With India’s rising prominence as a global manufacturing hub, it has become a competitive alternative in the global supply chain as companies begin to diversify their sourcing strategies. Market growth is driven by the country’s growing healthcare sector and a major consumer of organic chemical intermediates, the pharmaceutical industry. Just like this, use of agrochemicals to increase agricultural productivity has also increased the demand for organic compounds. Furthermore, industrial advancements and increasing production of paints, coatings and specialty chemicals cater to a fast-urbanizing population further support this growth.

Initiatives of government towards promotion of domestic manufacturing have led to the setting up of petrochemical hubs and organic chemical production facilities. Companies are now making efforts to adopt sustainable practices, greener technologies, meet the global environmental standards and emerge more competitive in the international market. The production of high value organic chemicals has been spurred by increased investments in research and development. Market players are increasing capacity to meet not only domestic but also international demand in a cost effective and quality manner. Even though environmental concerns and price volatility of raw materials have not impeded India’s organic chemicals market from growing, the market is poised to continue its upward trajectory on the back of its strong industrial base, a growing economy for a rising middle class, and technological advancements, which will serve a wide variety of industries and global supply chains.

In this special issue, we introduce you to the top companies from this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to excellence in an integrated manner.

We welcome your feedback and suggestion that you may have concerning this special issue.