IHS Chemical Week

Markets :: Fine Chemicals/Biotech :: Pharmaceutical ingredients

India

Hunting for Expansion Opportunities

10:59 AM MDT | April 7, 2008 | Deepti Ramesh

The Indian chemical industry is benefiting from strong growth in the nation’s economy over the last five years, and this is likely to continue for at least the next decade, experts say. India is home to the third-largest chemical industry in Asia and the 12th-largest worldwide, in terms of industry sales, says the Indian Chemical Council (ICC; Mumbai). India’s chemical industry sales is estimated to be worth about $50 billion/year, and the chemical, refining, and fertilizer industries’ combined sales is about $150 billion/year, ICC says. The...

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