India inorganic chemicals Market to Reach USD 69.23 Billion by 2032

According to analysts at Vantage Market Research, the India inorganic chemicals Market size is worth USD 40.92 Billion in 2023 and is projected to reach USD 69.23 Billion by 2032, growing at a CAGR (Compound Annual Growth Rate) of 6.01% from 2024 to 2032. The market is driven by rising industrialization, growing demand in agriculture and water treatment, and increasing applications across diverse sectors such as construction and pharmaceuticals.

Market Overview

The India inorganic chemicals Market is driven by the increasing demand across various industries such as agriculture, pharmaceuticals, and manufacturing. The expanding agricultural sector, in particular, contributes to the market's growth as inorganic fertilizers are essential for enhancing soil fertility and crop yields. The need for high-purity inorganic chemicals by the pharmaceutical industry for the formulation and manufacture of drugs drives market expansion. Government's emphasis on industrialization and infrastructure development through initiatives like "Make in India" increases demand for inorganic chemicals used in manufacturing and construction. Additionally, the growing emphasis on renewable energy and sustainable practices opens new avenues for inorganic chemicals in green technologies and environmental applications.

Businesses can increase product quality, decrease waste, and increase production efficiency by investing in modern technologies. Maintaining consistency and boosting production to meet rising demand are additional advantages of automation in manufacturing processes. Furthermore, process optimization using AI and machine learning can lower operating costs even further and make Indian producers of inorganic chemicals more competitive globally.

Vishnu Chemicals Limited Acquires Jayansree Pharma for ₹52 Crore to Expand Pharmaceutical Market Presence

• Vishnu Chemicals Limited, a leading producer of high-performance specialty chemicals, has further strengthened its market presence by acquiring Jayansree Pharma for ₹52 crore. This strategic acquisition is expected to enhance Vishnu Chemicals' product portfolio and expand its footprint in the pharmaceutical sector

Key Takeaways from the Report

• The government introduced PLI schemes with a budget of Rs. 1,629 crore (US$ 213.81 million) to encourage the development of Bulk Drug Parks
• The Petroleum, Chemicals, and Petrochemicals Investment Region (PCPIR) at Paradip has secured investments totaling US$ 8.84 billion (Rs. 73,518 crore), generating approximately 40,000 jobs
• An estimated investment of Rs. 8 lakh crore (US$ 107.38 billion) is anticipated in the Indian chemicals and petrochemicals sector by 2025

Top Companies

• Indian Farmers Fertiliser Cooperative Limited (IFFCO)
• National Fertilizers Limited (NFL)
• Rashtriya Chemicals & Fertilizers Ltd (RCF)
• Chemplast Sanmar Limited
• Paradeep Phosphates Limited
• Solar Industries India Limited
• Deepak Nitrite Limited
• Gujarat State Fertilizers & Chemicals Limited (GSFC)
• Gujarat State Fertilizer Corporation (GSFC)
• Indo Gulf Fertilisers Limited
• Tata Chemicals Limited

Report Coverage

Our market research reports provide comprehensive insights that are essential for strategic decision-making. We cover all key aspects of the market, including dynamics such as drivers, restraints, opportunities, and challenges, alongside the latest industry trends. Our analysis includes an in-depth technology roadmap, product life cycle evaluation, and PESTLE analysis, ensuring a thorough understanding of the market environment. We also assess GDP growth outlooks, examine regional market landscapes, and evaluate the impact of major events like the COVID-19 pandemic. Additionally, our reports feature a detailed competitive landscape, including company market shares and profiles, providing actionable intelligence to empower your business strategies.