1、For updated information,please visit www.ibef.orgAugust 2025CHEMICALS2Table of ContentsExecutive Summary3Advantage India 4Market Overview 6Recent Trends and Strategies12Growth Drivers19Opportunities 26Key Industry Contacts30Appendix323Executive summary4.LARGEST GLOBAL DYE SUPPLIERIndia maintains its
2、 position as the world leader in dye manufacturing,accounting for 16%-18%of global dyestuff exports.The Indian Dye is exported to 90+countries.In FY26(April-July),Indias dye exports(Dyes and Dye Intermediates)totalledUS$824.77 million.1.GLOBAL POSITIONGlobally,India is the third-largest consumer of
3、polymers,fourth-largest producer of agrochemicals and sixth-largest producer of chemicals.Indias 2030 vision is to emerge as a leading global hub for chemical manufacturing,targeting a 5-6%share in the worldwide chemical value chain.Indias chemical sector,which was estimated to be worth around Rs.21
4、,50,750 crore(US$250 billion)in 2024,is anticipated to grow to US$300 billion by 2025 and Rs.86,03,000(US$1 trillion)by 2040.India has traditionally been a world leader in generics and biosimilars and major Indian vaccine manufacturers,contributing more than 50%of the global vaccine supply.3.STRONG
5、GROWTH IN SPECIALTY CHEMICALSThe India specialty chemicals market was valued at US$64.5 billion in 2024.It is forecasted to grow at a CAGR of 3.80%from 2025 to 2033,reaching US$92.6 billion by 2033.Also,ICRAs ratings indicate improved exports and a positive outlook for agrochemicals and surfactants.
6、According to a report by the Agro Chem Federation of India(ACFI)and EY Indias agrochemical exports are projected to exceed Rs.80,000 crore(US$9.61 billion)by 2028.The McKinsey report India:The next chemicals manufacturing hub estimates that Indias chemical industry will grow at 11-12%annually from 2