Kplintl.com - The Growth Story and Segmentation of Chemical Industry in India


Posted April 29, 2018 by asitroy

India’s premier chemical trading company, Kanoria Chemicals & Industries Limited, whose subsidiary is KPL International is a diversified company and bags many certifications from the government bodies.

 
India’s premier chemical trading company, Kanoria Chemicals & Industries Limited, whose subsidiary is KPL International is a diversified company and bags many certifications from the government bodies.

In the Indian landscape, chemical industry has grown by leaps and bounds since 1947. Even in the last 5 years, the chemical sector has witnessed a growth of 13-14% with petrochemicals growing at 8%-9% over the same period of time.

Within the chemical sector, the government of India allows 100% FDI with the delicensing of chemical products, except life hazardous chemicals. The chemicals manufacturing sector in India contributes towards 16% of Gross Domestic Product and is expected to rise to 25% by 2025.

This growth is attributed to four factors:

Structural advantage: Growth in the consumption of chemical-based products such as paints, textiles, adhesives, within the infrastructure industry has substantially increased. Due to this reason, the Indian chemical industry is expected to increase at 10%-13% in the coming years.
Higher domestic consumption: Growing disposable incomes and urbanization are fueling the consumption of chemical products in India by 33%, this too, is expected to rise.
Greater export potential: Around 5.4% of Indian chemical exports such as dyes, pharmaceuticals and agro are purchased by chemical importers such as Germany, the UK, the US, Switzerland, Spain, Turkey, Singapore, and Japan.

India’s chemical manufacturing strength lies in major growth segments as outlined under:

Petroleum
Petrochemicals
Chlor-Alkali
Pesticides
Specialty Chemicals
Pharmaceuticals & Bulk Drugs
Future developments

Sustainability is the driving force behind today’s chemical industries. Meanwhile, the preservation of water, safety of environment, dependency on eco-friendly raw materials, and low energy consumption remain the top agenda of all Indian chemical companies.

Owing to this, small and large chemical manufacturers and traders are seeking innovative solutions to combat the issues surrounding this industry.

A key development made by Kanoria Chemicals and Industries Limited (KCI) launched a “waste to wealth” program at their Ankleshwar Plant.

The objective of this program is to recover recyclable water from distillery effluents. Using the ‘reverse osmosis’ technology, the chemical trading company had achieved maximum recycle and minimum disposal.

About KPL International

Established in India about two decades ago, KPL International is a premium quality chemicals marketer and distributor of polymers, paper and paper chemicals, and several other industrially used chemicals that caters to all segments of a manufacturing industry.
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Contact Email [email protected]
Issued By Asit Roy
Website KPL International Limited
Phone +91 11 2335 6471
Business Address Statesman House, 10th Floor, 148, Barakhamba Road
New Delhi
Country India
Categories Business
Tags chemical importers , chemical trading
Last Updated April 29, 2018