Market Report
Report Summary Examining Chemical and petrochemical type wise investment opportunity & development track in India
Chemical & Petrochemical Market & Outlook in India 2030
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The chemical and petrochemical industry around the globe is expected to follow strong growth in coming years lead by growing economies like India which is showing great potential in attracting industry players to invest in the sector. The global industry players are shifting towards the Asian countries to create a chemical manufacturing hub due to robust demand and cost competitive manufacturing facilities. In 2024, the global chemical market is valued at USD 5574 billion, while the Indian chemical market, as per India Brand Equity Foundation (IBEF), reaches USD 278 billion during the same period. India ranks as the 6th largest producer of chemicals in the world and 3rd in Asia, with chemical industry contributing 7% to India’s GDP. The market size of the chemical and petrochemical industry is anticipated to grow to USD 383 billion by 2030 and USD 1 trillion by 2040.
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