The document provides an overview of the chemicals industry in India. Some key points:
- India's chemicals industry has a market size of USD144 billion in 2015 and is projected to reach USD403 billion by 2025, making it the 3rd largest in Asia.
- The industry accounts for about 2.11% of India's GDP and produces over 70,000 commercial products. It includes segments like petrochemicals, specialty chemicals, agrochemicals, and pharmaceuticals.
- India has a leading position globally as the 3rd largest producer of polymers and 3rd largest producer of agrochemicals. It is also a major global supplier of dyestuffs.
India is the 4th largest producer of agrochemicals globally and its agrochemical market is expected to reach $6.8 billion by 2017. The key segments of the Indian agrochemical market are insecticides, fungicides, herbicides, and bio-pesticides, with insecticides accounting for 65% of the market share. However, the Indian agrochemical industry faces challenges such as pest resistance, regulatory pressures to reduce toxicity, low capacity utilization, and high research and development costs.
This document discusses how selecting the optimal product mix can maximize profitability for an agrochemical company. It notes industry trends like increasing food demand and decreasing arable land that are driving growth in the crop protection industry. The document outlines different approaches to product mix like being technology-driven, cost-led, or alliance-based. It also discusses factors like product life cycles, market segmentation, and pricing strategies that are important to consider when determining the best mix. The conclusion emphasizes the need for a product mix that offers solutions to customers' crop and pest problems at a quality and price that provides true value.
The document discusses trends in Cambodia's fertilizer industry, including a rapid increase in fertilizer imports and consumption since the 1990s as the economy privatized and the agricultural sector grew. Fertilizer use has increased crop yields, especially for rice, but nutrient use efficiency remains low compared to global standards. The market is led by private importers but suffers from high prices, limited credit access, quality issues, and a lack of extension services. The document recommends reforms to simplify import regulations, remove import restrictions, improve quality control, and expand research and extension services to boost fertilizer use efficiency.
The document summarizes AGRA's Soil Health Program, which aims to promote soil health and increase agricultural productivity in Africa. The program has three primary goals: increasing sustainable fertilizer supply; promoting the adoption of integrated soil fertility management practices by smallholder farmers; and creating an enabling policy environment. By 2014, the program aims to provide access to improved practices for over 4 million farmers, with 2 million adopting those practices to boost yields. It also discusses challenges such as low soil fertility and ways to promote conservation agriculture principles through demonstration projects, farmer training, and partnerships.
The document outlines Cambodia's agricultural transformation over the past 10 years and identifies opportunities and risks going forward. Key changes include increased productivity, expansion of rice milling, changing labor patterns, and infrastructure growth. Driving forces were policy reforms, investment, technology adoption, and higher food prices. Sustaining growth requires improving the business environment, public-private partnerships, skills development, and strategic national programs. The diagnostic study will analyze four commodities across regions using surveys, focus groups, and comparing to a previous study to inform Cambodia's agricultural roadmap.
This document discusses fertilizer policy and the fertilizer market in Myanmar. It contains several tables and figures analyzing fertilizer use, consumption trends, prices, distribution, and quality over time. Some key points:
- Fertilizer use increased crop yields and helped Myanmar achieve food self-sufficiency after 1978. However, the fertilizer market remains underdeveloped with issues around price, access, and quality.
- Government subsidies kept fertilizer prices low until the 1990s but were withdrawn in the 2000s, raising prices. Private sector distribution has also increased while government distribution declined.
- Total fertilizer consumption peaked in 2006-2007 at around 170,000 metric tons before declining. Consumption per hectare
India is the 4th largest producer of agrochemicals globally and its agrochemical market is expected to reach $6.8 billion by 2017. The key segments of the Indian agrochemical market are insecticides, fungicides, herbicides, and bio-pesticides, with insecticides accounting for 65% of the market share. However, the Indian agrochemical industry faces challenges such as pest resistance, regulatory pressures to reduce toxicity, low capacity utilization, and high research and development costs.
This document discusses how selecting the optimal product mix can maximize profitability for an agrochemical company. It notes industry trends like increasing food demand and decreasing arable land that are driving growth in the crop protection industry. The document outlines different approaches to product mix like being technology-driven, cost-led, or alliance-based. It also discusses factors like product life cycles, market segmentation, and pricing strategies that are important to consider when determining the best mix. The conclusion emphasizes the need for a product mix that offers solutions to customers' crop and pest problems at a quality and price that provides true value.
The document discusses trends in Cambodia's fertilizer industry, including a rapid increase in fertilizer imports and consumption since the 1990s as the economy privatized and the agricultural sector grew. Fertilizer use has increased crop yields, especially for rice, but nutrient use efficiency remains low compared to global standards. The market is led by private importers but suffers from high prices, limited credit access, quality issues, and a lack of extension services. The document recommends reforms to simplify import regulations, remove import restrictions, improve quality control, and expand research and extension services to boost fertilizer use efficiency.
The document summarizes AGRA's Soil Health Program, which aims to promote soil health and increase agricultural productivity in Africa. The program has three primary goals: increasing sustainable fertilizer supply; promoting the adoption of integrated soil fertility management practices by smallholder farmers; and creating an enabling policy environment. By 2014, the program aims to provide access to improved practices for over 4 million farmers, with 2 million adopting those practices to boost yields. It also discusses challenges such as low soil fertility and ways to promote conservation agriculture principles through demonstration projects, farmer training, and partnerships.
The document outlines Cambodia's agricultural transformation over the past 10 years and identifies opportunities and risks going forward. Key changes include increased productivity, expansion of rice milling, changing labor patterns, and infrastructure growth. Driving forces were policy reforms, investment, technology adoption, and higher food prices. Sustaining growth requires improving the business environment, public-private partnerships, skills development, and strategic national programs. The diagnostic study will analyze four commodities across regions using surveys, focus groups, and comparing to a previous study to inform Cambodia's agricultural roadmap.
This document discusses fertilizer policy and the fertilizer market in Myanmar. It contains several tables and figures analyzing fertilizer use, consumption trends, prices, distribution, and quality over time. Some key points:
- Fertilizer use increased crop yields and helped Myanmar achieve food self-sufficiency after 1978. However, the fertilizer market remains underdeveloped with issues around price, access, and quality.
- Government subsidies kept fertilizer prices low until the 1990s but were withdrawn in the 2000s, raising prices. Private sector distribution has also increased while government distribution declined.
- Total fertilizer consumption peaked in 2006-2007 at around 170,000 metric tons before declining. Consumption per hectare
The Indian nutraceuticals market is estimated to be USD 1 billion in 2009 and is growing at a CAGR of 18% driven primarily by functional foods and beverages. The market potential is much larger at two to four times the current size. Large pharmaceutical and FMCG companies currently dominate the market, though pure play nutraceutical companies are growing. Increasing health awareness and wider product distribution are driving growth, but a lack of regulation and high prices pose challenges to further market expansion.
FOOD AUTOMATION AND ROBOTICS: FOR IMPROVED FOOD MANUFACTURING AND PACKAGINGSonali Sharma
The systematic implementation and incorporation of automation and robotic systems will significantly enhance food manufacturing efficiency during unsustainable economic pressures. Food manufacturing has evolved as a vastly complex process, where it covers preparing, cooking, sorting, packaging, and palletizing. To increase production at the facilities, industrial robots are widely adopted to save time, space, cleanliness, and safety.
Indian nutraceuticals market forecast to 2017IBNARESEARCH
This document provides a 120-page report on the Indian nutraceuticals market forecast from 2017. It finds that India's growing affluent middle class is increasingly health conscious and aware of nutraceuticals and dietary supplements. The report segments the market into functional foods, functional beverages, and dietary supplements and provides historical data and forecasts for each segment from 2007-2017. It also analyzes import/export trends, pricing, distribution channels, key players and marketing in the industry. The report aims to help readers understand growth opportunities and challenges in the rapidly expanding Indian nutraceuticals sector.
This presentation gives an overview of contract farming in Cambodia. It indicates the Cambodian National Economic Growth giving attention on rice production . Crop Marketing Constraints in Cambodia are also highlighted and a case study of soybean is showed
A Policy Study on Vegetable Subsector in CambodiaExternalEvents
This document summarizes a study on the vegetable subsector in Cambodia, with a focus on smallholder farmers. It outlines the study methodology, current situation of vegetable production, and key constraints faced by smallholder farmers. The main constraints include lack of market knowledge and coping strategies for price fluctuations, high prevalence of pests and diseases, limited irrigation access, lack of labor, and limited production knowledge. The document recommends policies to address these constraints and associated risks in production, health, and markets faced by smallholder vegetable farmers.
The document discusses the concept of market led extension (MLE) as an approach to agricultural extension that focuses on understanding market demands and linking farmers to markets. It notes the need to move from a production-led extension approach to an MLE approach given changes in the agricultural market. The key aspects of MLE discussed are understanding customer needs, diversifying production based on market conditions, maintaining records for cost-benefit analysis, and strengthening relationships between research, extension and farmers through improved market linkages. Challenges to implementing MLE include building infrastructure and capacity as well as minimizing post-harvest losses.
This document discusses marketing of high value crops. It defines marketing as the process of moving goods from concept to customer, which involves identifying a product, determining its price, selecting distribution channels, and developing promotions. High value crops give higher productivity and income than competing crops. Reasons for shifting to high value crops include changing diets, rising incomes, diversification, new technologies, finance availability, and government focus. Examples of high value vegetables are provided. Sorting, grading, and the advantages of grading are outlined. Information sources like Agmark and SMS portals are provided. Marketing channels like direct, APMC, and contract farming are described. Arrival and price trends for vegetables in Hamirpur yard are shown. Initiatives
The document discusses agriculture marketing and the Progressive Farmers' Multipurpose Cooperative Society (PFC) as a model cooperative in India. It outlines problems in the current agriculture marketing system such as improper warehousing and the presence of many middlemen. The PFC was established in 2006 in Haryana to address exploitation by traders and connect farmers directly to consumers. The PFC provides members increased bargaining power, credit access, and affordable inputs and services like storage, seed development, and retail outlets while eliminating middlemen.
This document discusses the need to shift agricultural extension from a production-led model to a market-led model. It outlines the key differences between the two approaches and information needed to support a market-led extension system. Challenges of making this shift are also presented, along with suggestions for training extension workers in market-related topics and strengthening linkages between farmers, markets, and the private sector.
1) Kenya's agriculture system has evolved through colonial and post-colonial reforms, from traditional farming practices to policies promoting African commercial agriculture and marketing boards to recent liberalization.
2) Kenya's seed sector is dichotomous with both formal and informal systems, and debates around seed policy focus on balancing regulation and private sector participation.
3) Kenya published a National Seed Policy in 2010 to transform the seed sector through improved regulation, infrastructure, and participation of public and private stakeholders while harmonizing with international standards.
Indian agriculture is facing challenges with the weak implementation of the Green Revolution strategy shown by huge losses of procured food grains due to lack of proper storage facilities. There is a need to increase grain productivity and build an effective supply chain to ensure grains reach consumers in good condition by plugging loopholes in production and distribution. India wastes over 58,000 crores worth of grains annually due to weaknesses in storage and supply chain. The GrainTech India exhibition aims to help address challenges in the milling industry and reduce the technology gap in processing and supply chains through interactions between international participants and their Indian counterparts.
This document discusses fertilizer use and the agricultural sector in Tajikistan. It notes that Tajikistan has high poverty and a major agriculture sector. Fertilizer use has increased substantially since 2000 and led to large yield increases for key crops like wheat and cotton. However, fertilizer use and prices vary significantly by region within Tajikistan. The document analyzes Tajikistan's fertilizer supply chain and identifies challenges like high prices, lack of local production, transport costs, and lack of farmer training. It recommends steps to address these issues like improved market information and reduced import duties.
This document discusses market-led extension and its importance for farmers in India. It begins by noting that as markets have globalized, farmers need to sell to wider markets beyond their local areas. It then discusses how the organization MANAGE began promoting the concept of "market-led extension" through workshops in 2001.
The key aspects of market-led extension are identified as having a market orientation, including both agriculture and economics considerations, and providing the perfect blend of reaching farmers with appropriate technologies. Reasons for adopting a market-led approach include addressing input, efficacy, credibility and structural crises in the existing extension system. The document outlines paradigmatic shifts needed from a production-led to market-led focus. Various models
MLE as a market ward orientation of agriculture through extension includes agriculture and economics and is the perfect blend for reaching at the door steps of farming community with the help of appropriate technology.
Farmer’s preferred groundnut varieties to enhance production and profitabilit...ICRISAT
Groundnut is an important crop in Odisha, cultivated in 184,000 ha in Kharif and 328,000 ha in rabi season during 2015-16. World over, it has been proven that varietal technologies will enhance the production and profitability of groundnut cultivation. Through financial assistance from IFAD, OFID, BMGF and the current project supported by DoA of Odisha state, ICRISAT in partnership with OTELP and OUAT has developed and released farmer’s preferred groundnut varieties in Odisha and promoting adoption of these varieties through strengthening seed systems, adoption of varieties and improved technologies, mechanization, and capacity building.
Global food traceability market (tracking technologies) to reach $14.1 billio...Lita Person
The Food traceability (tracking technologies) market is growing at a healthy rate with increasing awareness about food safety among governments and consumers. Governments across the globe are making regulations to track food as it is directly concerned with consumer health.
This document discusses issues and solutions related to agriculture in Cambodia. Some key issues discussed include low literacy levels among farmers, lack of expertise to monitor farmers, difficulty reaching widely spread farms, and farmers' reluctance to change. Suggested solutions include providing education and training to farmers on practices like integrated pest management; increasing farm mechanization; conducting agricultural research; developing the rice export market; improving irrigation, credit access, and transportation infrastructure; and prioritizing farm credit systems and land titling programs. The conclusion emphasizes sustainably expanding irrigation and learning from past mistakes in managing irrigation systems.
The chemical industry in India holds a significant position in the economy, accounting for about 2.11% of GDP. India has the 3rd largest chemical industry in Asia. The industry is highly diversified, covering over 70,000 commercial products. It has been growing steadily, with the market size reaching USD144 billion in 2015 and projected to reach USD403 billion by 2025. Organic chemicals dominate both exports and imports for the chemical industry. Exports have been rising in recent years while imports have grown at a faster pace.
The document provides an overview of the Indian chemicals industry:
- The Indian chemicals industry is the 3rd largest in Asia and 6th largest globally, with a market size of USD144 billion in 2015 that is projected to reach USD403 billion by 2025.
- The industry accounts for 2.11% of India's GDP and covers over 70,000 commercial chemical products. India has a leading global position in dye production and is a major global player in specialty chemicals.
- Organic chemicals dominate both India's chemical exports and imports, with organic chemicals accounting for 41.84% of exports and 57.26% of imports in FY16. The industry is driven by both domestic and external demand.
The Indian nutraceuticals market is estimated to be USD 1 billion in 2009 and is growing at a CAGR of 18% driven primarily by functional foods and beverages. The market potential is much larger at two to four times the current size. Large pharmaceutical and FMCG companies currently dominate the market, though pure play nutraceutical companies are growing. Increasing health awareness and wider product distribution are driving growth, but a lack of regulation and high prices pose challenges to further market expansion.
FOOD AUTOMATION AND ROBOTICS: FOR IMPROVED FOOD MANUFACTURING AND PACKAGINGSonali Sharma
The systematic implementation and incorporation of automation and robotic systems will significantly enhance food manufacturing efficiency during unsustainable economic pressures. Food manufacturing has evolved as a vastly complex process, where it covers preparing, cooking, sorting, packaging, and palletizing. To increase production at the facilities, industrial robots are widely adopted to save time, space, cleanliness, and safety.
Indian nutraceuticals market forecast to 2017IBNARESEARCH
This document provides a 120-page report on the Indian nutraceuticals market forecast from 2017. It finds that India's growing affluent middle class is increasingly health conscious and aware of nutraceuticals and dietary supplements. The report segments the market into functional foods, functional beverages, and dietary supplements and provides historical data and forecasts for each segment from 2007-2017. It also analyzes import/export trends, pricing, distribution channels, key players and marketing in the industry. The report aims to help readers understand growth opportunities and challenges in the rapidly expanding Indian nutraceuticals sector.
This presentation gives an overview of contract farming in Cambodia. It indicates the Cambodian National Economic Growth giving attention on rice production . Crop Marketing Constraints in Cambodia are also highlighted and a case study of soybean is showed
A Policy Study on Vegetable Subsector in CambodiaExternalEvents
This document summarizes a study on the vegetable subsector in Cambodia, with a focus on smallholder farmers. It outlines the study methodology, current situation of vegetable production, and key constraints faced by smallholder farmers. The main constraints include lack of market knowledge and coping strategies for price fluctuations, high prevalence of pests and diseases, limited irrigation access, lack of labor, and limited production knowledge. The document recommends policies to address these constraints and associated risks in production, health, and markets faced by smallholder vegetable farmers.
The document discusses the concept of market led extension (MLE) as an approach to agricultural extension that focuses on understanding market demands and linking farmers to markets. It notes the need to move from a production-led extension approach to an MLE approach given changes in the agricultural market. The key aspects of MLE discussed are understanding customer needs, diversifying production based on market conditions, maintaining records for cost-benefit analysis, and strengthening relationships between research, extension and farmers through improved market linkages. Challenges to implementing MLE include building infrastructure and capacity as well as minimizing post-harvest losses.
This document discusses marketing of high value crops. It defines marketing as the process of moving goods from concept to customer, which involves identifying a product, determining its price, selecting distribution channels, and developing promotions. High value crops give higher productivity and income than competing crops. Reasons for shifting to high value crops include changing diets, rising incomes, diversification, new technologies, finance availability, and government focus. Examples of high value vegetables are provided. Sorting, grading, and the advantages of grading are outlined. Information sources like Agmark and SMS portals are provided. Marketing channels like direct, APMC, and contract farming are described. Arrival and price trends for vegetables in Hamirpur yard are shown. Initiatives
The document discusses agriculture marketing and the Progressive Farmers' Multipurpose Cooperative Society (PFC) as a model cooperative in India. It outlines problems in the current agriculture marketing system such as improper warehousing and the presence of many middlemen. The PFC was established in 2006 in Haryana to address exploitation by traders and connect farmers directly to consumers. The PFC provides members increased bargaining power, credit access, and affordable inputs and services like storage, seed development, and retail outlets while eliminating middlemen.
This document discusses the need to shift agricultural extension from a production-led model to a market-led model. It outlines the key differences between the two approaches and information needed to support a market-led extension system. Challenges of making this shift are also presented, along with suggestions for training extension workers in market-related topics and strengthening linkages between farmers, markets, and the private sector.
1) Kenya's agriculture system has evolved through colonial and post-colonial reforms, from traditional farming practices to policies promoting African commercial agriculture and marketing boards to recent liberalization.
2) Kenya's seed sector is dichotomous with both formal and informal systems, and debates around seed policy focus on balancing regulation and private sector participation.
3) Kenya published a National Seed Policy in 2010 to transform the seed sector through improved regulation, infrastructure, and participation of public and private stakeholders while harmonizing with international standards.
Indian agriculture is facing challenges with the weak implementation of the Green Revolution strategy shown by huge losses of procured food grains due to lack of proper storage facilities. There is a need to increase grain productivity and build an effective supply chain to ensure grains reach consumers in good condition by plugging loopholes in production and distribution. India wastes over 58,000 crores worth of grains annually due to weaknesses in storage and supply chain. The GrainTech India exhibition aims to help address challenges in the milling industry and reduce the technology gap in processing and supply chains through interactions between international participants and their Indian counterparts.
This document discusses fertilizer use and the agricultural sector in Tajikistan. It notes that Tajikistan has high poverty and a major agriculture sector. Fertilizer use has increased substantially since 2000 and led to large yield increases for key crops like wheat and cotton. However, fertilizer use and prices vary significantly by region within Tajikistan. The document analyzes Tajikistan's fertilizer supply chain and identifies challenges like high prices, lack of local production, transport costs, and lack of farmer training. It recommends steps to address these issues like improved market information and reduced import duties.
This document discusses market-led extension and its importance for farmers in India. It begins by noting that as markets have globalized, farmers need to sell to wider markets beyond their local areas. It then discusses how the organization MANAGE began promoting the concept of "market-led extension" through workshops in 2001.
The key aspects of market-led extension are identified as having a market orientation, including both agriculture and economics considerations, and providing the perfect blend of reaching farmers with appropriate technologies. Reasons for adopting a market-led approach include addressing input, efficacy, credibility and structural crises in the existing extension system. The document outlines paradigmatic shifts needed from a production-led to market-led focus. Various models
MLE as a market ward orientation of agriculture through extension includes agriculture and economics and is the perfect blend for reaching at the door steps of farming community with the help of appropriate technology.
Farmer’s preferred groundnut varieties to enhance production and profitabilit...ICRISAT
Groundnut is an important crop in Odisha, cultivated in 184,000 ha in Kharif and 328,000 ha in rabi season during 2015-16. World over, it has been proven that varietal technologies will enhance the production and profitability of groundnut cultivation. Through financial assistance from IFAD, OFID, BMGF and the current project supported by DoA of Odisha state, ICRISAT in partnership with OTELP and OUAT has developed and released farmer’s preferred groundnut varieties in Odisha and promoting adoption of these varieties through strengthening seed systems, adoption of varieties and improved technologies, mechanization, and capacity building.
Global food traceability market (tracking technologies) to reach $14.1 billio...Lita Person
The Food traceability (tracking technologies) market is growing at a healthy rate with increasing awareness about food safety among governments and consumers. Governments across the globe are making regulations to track food as it is directly concerned with consumer health.
This document discusses issues and solutions related to agriculture in Cambodia. Some key issues discussed include low literacy levels among farmers, lack of expertise to monitor farmers, difficulty reaching widely spread farms, and farmers' reluctance to change. Suggested solutions include providing education and training to farmers on practices like integrated pest management; increasing farm mechanization; conducting agricultural research; developing the rice export market; improving irrigation, credit access, and transportation infrastructure; and prioritizing farm credit systems and land titling programs. The conclusion emphasizes sustainably expanding irrigation and learning from past mistakes in managing irrigation systems.
The chemical industry in India holds a significant position in the economy, accounting for about 2.11% of GDP. India has the 3rd largest chemical industry in Asia. The industry is highly diversified, covering over 70,000 commercial products. It has been growing steadily, with the market size reaching USD144 billion in 2015 and projected to reach USD403 billion by 2025. Organic chemicals dominate both exports and imports for the chemical industry. Exports have been rising in recent years while imports have grown at a faster pace.
The document provides an overview of the Indian chemicals industry:
- The Indian chemicals industry is the 3rd largest in Asia and 6th largest globally, with a market size of USD144 billion in 2015 that is projected to reach USD403 billion by 2025.
- The industry accounts for 2.11% of India's GDP and covers over 70,000 commercial chemical products. India has a leading global position in dye production and is a major global player in specialty chemicals.
- Organic chemicals dominate both India's chemical exports and imports, with organic chemicals accounting for 41.84% of exports and 57.26% of imports in FY16. The industry is driven by both domestic and external demand.
The document provides an overview of the chemicals industry in India. Some key points:
- India has a large and growing chemicals market, ranked 3rd in Asia and 6th globally, reaching $139 billion in size in 2016. The market is projected to grow to $224 billion by 2017 and $403 billion by 2025.
- The chemicals industry represents an important part of the Indian economy, accounting for 2.11% of GDP. It includes over 70,000 commercial products.
- India has a leading global position in certain chemical sub-sectors such as dyes, agrochemicals, and polymers. It accounts for 16% of global dye production and is the 3rd largest consumer and producer
The document provides an overview of the chemical industry in India. Some key points:
- India has a large and growing chemical industry, ranking 3rd in Asia and 6th globally in terms of output. The industry was worth $139 billion in 2016 and is projected to reach $224 billion by 2017 and $403 billion by 2025.
- The chemical industry accounts for about 2.11% of India's GDP and produces over 70,000 commercial products. India has a leading global position in specialty chemicals and is a major global supplier of dyestuffs.
- Growth in the industry has been driven by robust domestic demand, rising investments, and government support and policies. The industry is moving from low-cost production
The document provides an overview of the chemicals industry in India. Some key points:
- India's chemicals industry was valued at USD139 billion in 2016 and is projected to reach USD403 billion by 2025, growing at 11% annually.
- The industry accounts for 2.11% of India's GDP, making it a significant part of the economy. India has the 3rd largest chemicals industry in Asia.
- India exports a wide range of chemicals and accounted for 10.6% of total exports and 10.5% of total imports in FY16. Organic chemicals dominate both exports and imports.
This document provides an overview of the chemical industry in India. Some key points:
- India's chemical industry is the 3rd largest in Asia and 6th largest globally, with a market size of $139 billion in 2016 that is projected to reach $224 billion by 2017.
- The industry accounts for 2.11% of India's GDP and produces over 70,000 commercial chemical products. India is a major global exporter of dyestuffs and agrochemicals.
- Domestic and external demand is driving industry growth, supported by India's large population, agricultural sector, and rising incomes. The government also supports the industry through policies promoting investment and research.
The document provides an overview of the chemical industry in India. Some key points:
- India has a large chemical industry, valued at $139 billion in 2016, and is projected to reach $226 billion by 2020 due to growing domestic demand. Major segments include petrochemicals, specialty chemicals, pharmaceuticals, agrochemicals, and dyes.
- The industry has grown from its early focus on basic needs to expanding production across various chemical sub-sectors. It is now a global player in sectors like specialty chemicals.
- Domestic and external demand are driving continued growth in the industry, supported by India's favorable demographics and economic growth. The government also supports the industry through initiatives like the National Chemical
The document provides an overview of the chemical industry in India. Some key points:
- India's chemical industry was valued at USD139 billion in 2016 and is projected to reach USD224 billion by 2017, making it the 3rd largest in Asia and 7th largest globally.
- Organic chemicals account for the largest share of both India's chemical exports (41.53% in FY16) and imports (38.94% in FY16).
- The industry contributes significantly to the Indian economy, accounting for 2.11% of GDP and involving over 70,000 commercial chemical products.
India is emerging as a major player in innovation and research and development (R&D). Some key points:
- India's R&D expenditure increased to $66.49 billion in 2015, making it the sixth largest R&D investor globally. R&D spending is expected to grow to $71.48 billion by 2016.
- The pharmaceutical sector is a major driver of R&D growth. India also has vast opportunities for R&D in sectors like IT, biotechnology, automobiles and agriculture.
- Government policies support innovation through initiatives like public-private partnerships, strengthening education infrastructure, and making patent laws compliant with international standards. Private sector R&D investment is growing rapidly.
India is emerging as a major player in innovation and research and development (R&D). Some key points:
- India's R&D expenditure increased to $66.49 billion in 2015, making it the sixth largest R&D investor globally. R&D spending is expected to grow significantly in coming years.
- The pharmaceutical sector is a major driver of R&D growth. Government policies support innovation through initiatives like public-private partnerships and strengthening educational infrastructure.
- Intellectual property rights applications in India are growing rapidly, with trademarks being the largest category. Private sector R&D investment is also increasing alongside various government measures to promote innovation.
India is emerging as a global research and development hub. In 2015, India became the sixth largest R&D investor in the world, accounting for 3.53% of global expenditure. R&D spending in India grew from USD61.85 billion in 2014 to USD66.49 billion in 2015 and is estimated to reach USD71.48 billion in 2016. The number of R&D centers operated by multinational corporations in India grew from 721 in 2010 to 928 in 2015, demonstrating the country's increasing importance as an R&D destination. Several factors contribute to India's advantage in innovation and R&D, including a large skilled workforce, strong policy support, and a growing domestic market.
India has emerged as one of the top investors in research and development globally. R&D spending in India grew from USD61.85 billion in 2014 to USD66.49 billion in 2015, and is estimated to reach USD71.48 billion in 2016. The pharmaceutical sector is a major driver of R&D growth in India. Policy support from the government and rising demand from the growing Indian market provide advantages for innovation in India. While patents, trademarks and designs make up the majority of intellectual property applications, trademark applications account for the largest share at over 80%. Intellectual property applications in India have grown significantly in recent years.
The document provides information on trends in the Indian pharmaceutical sector. It notes that Indian pharmaceutical companies are increasing spending on research and development to develop new drugs. Exports of pharmaceutical products from India have grown significantly in recent years and are expected to exceed USD15 billion in 2015, as Indian companies have a strong presence in the generics market. The top four pharmaceutical firms in India by revenue - Dr. Reddy's, Lupin, Cipla and Aurobindo - account for over 20% of the domestic market share. Anti-infective drugs represent the largest segment of the Indian pharmaceutical market. Exports and domestic sales have increased the size of the Indian pharmaceutical market to USD36.7 billion in 2016.
The chemical industry in India accounts for 5% of India's GDP and has grown substantially in recent decades. India is currently the world's 3rd largest producer of chemicals in Asia and a major global supplier of dyestuffs and dye intermediates. The industry has benefited from strong domestic demand, policy support including liberalized FDI rules, and growing exports. Major segments include base chemicals like petrochemicals and fertilizers, as well as specialties like dyes, agrochemicals, and pharmaceuticals. India also has opportunities to increase production and consumption of chemicals given its large population and lower per capita usage compared to other countries.
The document summarizes the Indian chemical industry. It states that India has the 3rd largest chemical industry in Asia in terms of volume and the chemical industry accounts for 5% of India's GDP. India is a major global producer of dyestuffs and intermediates and is the 3rd largest consumer and 4th largest producer of agrochemicals globally. The chemical industry has seen high growth and is expected to increase its contribution to the global chemical industry from 3% to 5% by 2017. Gujarat and Maharashtra are the leading production hubs in India due to their strategic locations and availability of raw materials.
The document provides information on the pharmaceutical industry in India. Some key points:
- India accounts for 20% of global pharmaceutical exports and the domestic market is expected to reach $55 billion by 2020, growing at a CAGR of 12.89% from 2015-2020.
- The generics market is the largest segment in India, accounting for 70% of the domestic market. India supplies 20% of global generic medicines by volume.
- Key growth drivers for the industry include low production costs, growing demand, policy support from the government, and a large/diversified product portfolio. The industry attracted 5% of total FDI into India from 2000-2016.
The document provides an overview of the biotechnology industry in India. It discusses key milestones in the development of the industry, current market trends, growth drivers and opportunities. Some of the major strategies adopted by the industry include partnerships between Indian and global players to expand product portfolios and reach, as well as public-private partnerships to promote innovation and research. The biopharma segment currently accounts for the largest share of the industry, and the market is expected to continue growing significantly in the coming years.
The document provides an overview of the biotechnology industry in India. It discusses key milestones in the development of the industry, current market trends, growth drivers and opportunities. Some of the major strategies adopted by the industry include partnerships between Indian and global players to expand product portfolios and reach, as well as public-private partnerships to promote research and development. The biopharma segment currently accounts for the largest share of the industry, and the market is expected to continue growing significantly in the coming years.
The document provides an overview of the biotechnology industry in India. Some key points:
- The biotechnology industry in India is expected to increase in value from USD11 billion in FY2016 to USD100 billion by FY2025 due to favorable business conditions and government support.
- The government aims to spend USD3.7 billion on biotechnology in the 12th Five-Year Plan, compared to USD1.1 billion in the previous plan, in order to further industry growth.
- India has a large population that offers a major market for biotechnology products and services. The country also benefits from low costs and a skilled workforce.
The document provides an overview of the biotechnology industry in India. Some key points:
- The biotechnology industry in India is expected to increase dramatically from $7 billion in 2015 to $100 billion by 2025, driven by factors like growing demand, R&D investments, and government support.
- The biotechnology industry is comprised of several segments - bio-pharmaceuticals accounts for 64% of the market, followed by bio-services at 18% and bio-agriculture at 14%.
- The government has implemented several initiatives to support the growth of the biotechnology sector like increased funding, new policies, and establishing research institutions and biotech parks.
Similar to Chemicals Sectoral Report - October 2016 (20)
Tamil Nadu has a strong and growing economy, as evidenced by its GSDP which grew at a CAGR of 11.46% between 2011-12 and 2018-19, reaching Rs. 16.06 trillion (US$ 222.58 billion) in 2018-19. The state has a diversified industrial base and thriving services sector, especially in IT/ITeS. It also has robust infrastructure including roads, ports, airports, and an emphasis on further infrastructure development. With various initiatives like Vision 2023, Tamil Nadu aims to boost its economy and attract significant domestic and foreign investments over the coming years.
India has become the second largest steel producer in the world in 2018. Steel production and capacity in India have grown rapidly over the past decade, with capacity reaching 137.98 million tonnes in 2017-18. Consumption has also increased steadily, driven by growth in infrastructure, automotive, and other sectors. The government has implemented policies like the National Steel Policy to encourage further capacity growth to 300 million tonnes by 2030-31. Low per capita consumption compared to other countries also provides significant potential for further demand growth.
The document provides an overview of India's services sector, including:
1) The services sector contributes over 50% of India's GDP and grew at 12.75% in 2018-19, demonstrating its importance as the key driver of India's economic growth.
2) India has a large skilled workforce and is a global outsourcing hub, commanding a 55% share of the global sourcing market, which has helped establish the country as a leading provider of technology and digital services.
3) The government is working to further develop the services sector through initiatives like 'Startup India' and reforms that make India an attractive investment destination for both domestic and foreign investors.
The document provides an overview of the real estate sector in India. It discusses that the real estate sector is expected to reach $1 trillion by 2030 and contribute 13% of India's GDP by 2025. Rapid urbanization is driving demand for residential and commercial real estate space. The residential segment contributes around 80% of the sector currently. Government policies like Housing for All and Smart Cities are further boosting growth.
Rajasthan has experienced strong economic growth in recent years. Between 2011-12 and 2018-19, the state's Gross State Domestic Product grew at a compound annual growth rate of 11.37% to reach $128.1 billion. The tourism industry in Rajasthan is thriving, with over 47.5 million tourist arrivals in 2017, and the state is a leading producer of agro-based products. Rajasthan also has immense potential for renewable energy generation from solar and wind sources.
Indian Railways is the third largest rail network in the world by size. It saw strong revenue growth over the past decade, with freight accounting for over 65% of revenues in FY19. Freight and passenger traffic have both increased steadily in recent years. Various modernization initiatives are underway to upgrade infrastructure and technology. Private sector participation is being encouraged to augment rail connectivity and capacity.
India has the third largest installed power capacity in the world at 356.10 GW as of March 2019. It is the third largest producer and consumer of electricity globally. India has achieved 100% household electrification and aims to increase renewable energy capacity to 175 GW by 2022. Thermal energy accounts for over 63% of total installed capacity, while renewable sources account for 21.8%. The power sector in India is growing rapidly and offers many opportunities for investment and development.
Nagaland has a Gross State Domestic Product (GSDP) of around 0.24 trillion Indian rupees in 2017-18, growing at a CAGR of 11.83% between 2011-12 and 2017-19. The per capita GSDP in 2017-18 was 113,549 rupees, growing at a CAGR of 10.66% in the same period. Nagaland's Net State Domestic Product (NSDP) in 2016-17 was 0.19 trillion rupees, growing at 15.72% between 2011-12 and 2016-17. The per capita NSDP in 2016-17 was 90,168 rupees, growing at 12.
Meghalaya has the highest rainfall in India and diverse soil types that support agriculture. The state has strong potential in floriculture, bamboo processing, and medicinal plants due to its biodiversity. Meghalaya also has large hydroelectric power potential and abundant mineral resources. The state aims to promote industries like agro-processing, horticulture, minerals and tourism to create opportunities for its population.
- The Indian infrastructure sector is experiencing significant growth due to rising government investments and initiatives such as allocating Rs 4.56 lakh crore for infrastructure in the FY 2019-20 budget.
- Private sector participation is increasing across segments like roads, power and airports. Infrastructure sectors like power transmission and renewable energy will drive future investments.
- Improving connectivity through initiatives like Bharatmala Pariyojana and Sagarmala will boost infrastructure growth. 100% villages connectivity through roads is expected by 2019 under PMGSY.
The document provides an overview of the media and entertainment industry in India. Some of the key points from the document are:
- The Indian media and entertainment industry is growing rapidly at a CAGR of 12-13% and is expected to reach Rs. 3.73 lakh crore by 2022.
- Television is the largest segment with a market size of Rs. 740 billion in 2018, expected to reach Rs. 955 billion by 2021. Digital media, animation and VFX, and online gaming are among the fastest growing segments.
- Advantages for the industry in India include rising incomes, evolving lifestyles, a large young population, increasing digitization, and government support through
- The manufacturing sector is a major employer in India and aims to provide 25% of GDP and 100 million new jobs by 2022. It has grown at a CAGR of 4% between FY12-19 and contributes significantly to India's exports.
- The document discusses India's advantage in manufacturing including a large domestic market, favorable demographics, and government initiatives like Make in India. Key sub-sectors, growth drivers and the evolution of the sector are also outlined.
- Recent trends show growth in production, IIP, capacity utilization and exports, indicating the sector is expanding. The government has implemented various policies to develop manufacturing and make India a global hub.
Manipur has a flourishing bamboo processing industry as it is one of India's largest bamboo producing states. It also has a strong handicrafts industry, being home to the highest number of handicraft units and artisans in North East India. Handlooms is the largest cottage industry in Manipur. The state has strong potential for border trade opportunities through Moreh town, which is India's only land route for trade with Myanmar and Southeast Asia. Manipur is also home to the Ema Bazaar, one of India's largest markets run exclusively by women. Due to its natural beauty and biodiversity, Manipur is a popular tourist destination known as the "Switzerland of the East".
The document provides an overview of the economy of Himachal Pradesh, India. Some key points:
- Himachal Pradesh has a strong economic growth rate, with its GSDP reaching Rs. 1.52 trillion (US$21.04 billion) in 2018-19 growing at 11.09% annually.
- The state has a diverse economy with key sectors being tourism, agriculture, and hydroelectric power. Agricultural production and tourism visitor numbers are increasing.
- Himachal Pradesh has a large hydroelectric power potential and is becoming a major hub for hydroelectricity in India, though only around 40% of its potential has been harnessed so far.
Gujarat has experienced high economic growth rates in recent years.
- Gujarat's GSDP grew at a CAGR of 13.55% from 2011-12 to 2016-17, reaching Rs. 11.62 trillion (US$ 173.24 billion) in 2016-17.
- The state's per capita GSDP increased from Rs. 101,075 (US$ 2,108) in 2011-12 to Rs. 178,043 (US$ 2,654) in 2016-17, registering a CAGR of 11.99%.
The document provides an overview of India's gems and jewellery sector. Some key points:
- India is a major player in global gems and jewellery trade, contributing about 7% to India's GDP and employing over 4.6 million people.
- India is the world's largest cut and polished diamond exporter, exporting over 75% of global polished diamonds. It also processes over $23 billion worth of diamonds annually.
- Exports of cut and polished diamonds and gold jewellery have registered steady growth in recent years. Imports have also increased at a CAGR of nearly 8% between 2004-2018.
- The sector is adopting strategies like expanding retail networks, providing financing options
The engineering and capital goods industry in India is growing rapidly. The turnover of the capital goods industry reached $70 billion in 2017 and is forecasted to reach $115.17 billion by 2025. Electrical equipment production is also growing and is expected to reach $100 billion by 2022, up from $27.3 billion in 2017-18. The engineering research and design segment is also expanding, with revenues projected to increase from $28 billion in FY18 to $42 billion in FY22. Growth is being driven by increasing industrialization, infrastructure development, and capacity expansion across various core sectors in India.
Major e-commerce players in India have adopted strategies like expanding into new categories like groceries and used goods, acquiring analytics startups to improve pricing and positioning, and launching ancillary services like payments, logistics and video streaming. They have also introduced subscription models and personalized experiences to provide extra benefits and tailor their offerings to individual customer needs and interests.
Delhi has experienced strong economic growth, with its gross state domestic product increasing at a compound annual growth rate of 12.41% between 2011-12 and 2018-19. The real estate sector has been an important contributor to the state's economy. Delhi also has a growing tourism industry, owing to its historical and cultural attractions. The state government is working to improve infrastructure and implement policies to facilitate industrial development and attract investment across various sectors.
Chhattisgarh has a strong mineral production base and is a leading producer of coal and iron ore in India. It is the only state that produces tin concentrates. The state has emerged as a preferred investment destination and has witnessed strong growth in the agriculture sector. Key sectors driving growth include minerals, power, agriculture and tourism. Chhattisgarh aims to further develop its infrastructure, promote industries and boost skill development to achieve its vision of becoming an industrialized state.
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Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
Abhay Bhutada, the Managing Director of Poonawalla Fincorp Limited, is an accomplished leader with over 15 years of experience in commercial and retail lending. A Qualified Chartered Accountant, he has been pivotal in leveraging technology to enhance financial services. Starting his career at Bank of India, he later founded TAB Capital Limited and co-founded Poonawalla Finance Private Limited, emphasizing digital lending. Under his leadership, Poonawalla Fincorp achieved a 'AAA' credit rating, integrating acquisitions and emphasizing corporate governance. Actively involved in industry forums and CSR initiatives, Abhay has been recognized with awards like "Young Entrepreneur of India 2017" and "40 under 40 Most Influential Leader for 2020-21." Personally, he values mindfulness, enjoys gardening, yoga, and sees every day as an opportunity for growth and improvement.
OJP data from firms like Vicinity Jobs have emerged as a complement to traditional sources of labour demand data, such as the Job Vacancy and Wages Survey (JVWS). Ibrahim Abuallail, PhD Candidate, University of Ottawa, presented research relating to bias in OJPs and a proposed approach to effectively adjust OJP data to complement existing official data (such as from the JVWS) and improve the measurement of labour demand.
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1. 11Updated on October 14, 2016
CHEMICALS
Updated on October 14, 2016 For updated information, please visit www.ibef.org
2. 22Updated on October 14, 2016 For updated information, please visit www.ibef.org
Executive Summary……………….............. 3
Advantage India……………………............. 4
Market Overview and Trends……………….6
Porters Five Forces Analysis……….……..21
Growth Drivers…………………………..…. 23
Opportunities………………………….…… 32
Success Stories…………………………… 40
Useful Information…………………………..48
CHEMICALS
Updated on October 14, 2016
3. 33Updated on October 14, 2016 For updated information, please visit www.ibef.org
Leading position
globally
• In terms of value and production volume, Indian chemical industry is the 3rd largest
producer in Asia and 6th by output in the world. Indian chemical industry could grow at 11
per cent p.a. to reach size of USD224 billion by 2017
• In 2015, India chemicals industry had a market size of USD144 billion
• By 2025, the Indian chemical industry is projected to reach USD403 billion.
High GDP share
• The chemical industry in India is a key constituent of Indian economy, accounting for
about 2.11 per cent of the GDP
• More than 70,000 commercial products such as petrochemicals and basic chemicals are
covered under chemical sector.
Global dye supplier
• India accounts for approximately 16 per cent of the world production of dyestuff and dye
intermediates, particularly for reactive acid and direct dyes
Source: Make in India, Confederation of Indian Industry,
TechSci Research
Notes: PCPIR - Petroleum, Chemicals and Petrochemical Investment Regions; E – Estimates, (1) April 2015-January 2016
EXECUTIVE SUMMARY
CHEMICALS
Global player in
specialty chemicals
• India is currently the world’s third largest consumer of polymers and third largest producer
of agrochemicals
• India specialty chemical market is expected to reach USD70 billion by 2020
Increasing exports of
inorganic and organic
Chemicals
• Value exports of inorganic chemicals from India is estimated at USD1.21 billion in FY16,
with the organic chemical market reaching USD11.51 billion in FY16. Exports of organic
chemicals from India stood at USD4.02 billion in FY16(1)
5. 55Updated on October 14, 2016
Growing demand
For updated information, please visit www.ibef.org
ADVANTAGE INDIA
Source: FICCI, Make in India, Department of Industrial Policy and Promotion (DIPP), TechSci Research
Notes: PCPIR - Petroleum, Chemicals and Petrochemical Investment Regions, CII – Confederation of Indian Industry; E – Estimates
Attractive opportunities
• Polymers and agrochemicals industries in
India present immense growth
opportunities
• In FY15, India’s construction chemical
market was valued at USD589.58 million,
thereby representing ample growth
opportunity in chemical sector.
• In 2015, India’s Plastic & Polymer market
stood at USD22 billion, thus generating
more opportunities.
Policy support
• In 2015, CII launched second phase of
“Chemistry Everywhere” campaign to
boost the growth of chemical industry in
India
• 100 per cent FDI is permissible in the
Indian chemicals sector; manufacturing of
most chemical products is de-licensed
• Setting up of PCPIRs
• The Government of India has launched the
Draft National Chemical Policy, which aims
to increase the share of chemical sector in
the country’s GDP
2015
Market
size:
USD144
billion
2017E
Market
size:
USD224
billion
Advantage
India
CHEMICALS
Robust demand
• A large population, dependence on
agriculture, and strong export demand
are the key growth drivers for the
chemicals industry
• Per-capita consumption of chemicals in
India is lower relative to Western peers
and there exists a large latent demand
Increasing
investments
• Lured by the size and returns of the
Indian market, foreign firms have
strengthened their presence in India
• From April 2000 to March 2016, total
FDI inflows into the Indian chemicals
industry (excluding fertilisers) were
USD11.90 billion.
7. 77Updated on October 14, 2016
EVOLUTION OF THE INDIAN CHEMICAL INDUSTRY
Source: FICCI, Make in India, CII, TechSci Research
Note: MNC – Multinational Corporation, DCPC - Department of Chemicals and Petrochemicals
CHEMICALS
• Chemical
products to
protect crops
• Agrochemicals,
dyes,
pharmaceuticals
• Public sector
companies were
set up to
develop the
petrochemical
industry
• Plastic and
fibres,
petrochemical
products
• Consolidation
started from
largely
fragmented firms
with small
capacities and
high cost
structures
• Paints, dyes,
pharmaceuticals
and detergents
• In 2015, DCPC has announced to design a
16 point plan framework that would
encourage the domestic production of
chemicals
• Alliances and partnerships to achieve scale
• Licensing requirements removed except in
the case of hazardous chemicals
• Increasing investments by foreign players
in India through mergers & acquisition and
joint ventures
• Allowed 100 per cent FDI in the chemicals
Industry
• In 2016, Partnership between Indian
Chemical Council (ICC) and the Tamil
Nadu Pollution Control Board (TNPCB)
promoted development of chemical
industry by launching "Responsible Care®“
programme, which aims at achieving
sustainable development in chemical
industry
Basic needs
(1950-72)
Establishment
(1972-80)
Consolidation
(1980-92)
Liberalisation
(1992-95)
Expansion
(1995 onwards)
• Major investment
plans by both
Indian firms and
MNCs
• Lower tariff
barriers
• Diminishing role
of public sector
companies
• Petrochemicals,
engineering
plastic, specialty
fibres
For updated information, please visit www.ibef.org
8. 88Updated on October 14, 2016 For updated information, please visit www.ibef.org
Base chemicals
• Petrochemicals, man-made fibres, industrial gases, fertilisers, chlor-alkali, and other
organic and inorganic chemicals
Specialty chemicals
• Dyes and pigments, leather chemicals, construction chemicals, personal care ingredients
and other specialty chemicals
Pharmaceuticals • Active Pharmaceutical Ingredients (APIs) and formulations
Source: TATA Strategic Management Group, TechSci Research
MAJOR SEGMENTS OF THE INDIAN CHEMICAL INDUSTRY
CHEMICALS
Agrochemicals • Insecticides, herbicides, fungicides and other crop protection chemicals
Biotechnology • Bio-pharma, bio-agri, bio-services and bio-industrial products
9. 99Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: TechSci Research
PRODUCT-WISE CLASSIFICATION OF THE INDIAN CHEMICAL INDUSTRY
CHEMICALS
Alkali
chemicals
• Soda ash
• Caustic soda
• Liquid
• Chlorine
Inorganic chemicals
• Aluminum flouride
• Calcium carbide
• Carbon black
• Potassium chlorate
• Titanium dioxide
• Red phosphorus
Organic
chemicals
• Acetic acid
• Acetone
• Phenol
• Methanol
• Ortho Nitro
Chlorobenzene
(ONCB)
• Isobutyl
• Para
Nitrochlorobenzene
(PNCB)
• Ethyl
• Alkyl Amines
• Acetic Anhydride
• Formaldehyde
Pesticides
& insecticides
• Dichlorodiphenyltri-
chloroethane (DDT)
• Malathion
• Parathion
• Ethicon
• Endosulphan
• Phosalone
• Phorate
• Acephate
• Fenvalerate
Dyes
& dyestuffs
• Azo dyes
• Disperse dyes
• Fast colour bases
• Ingrain dyes
• Napthols
• Vat dyes
• Reactive dyes
• Pigment Emulsion
• Sulphur dyes
• Other dyes
10. 1010Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: FICCI, TechSci Research
Note: R&D – Research and Development
CHARACTERISTICS OF THE INDIAN CHEMICAL INDUSTRY
CHEMICALS
• As on 2015, the National Chemical Policy of India which is expected to help in improving the chemical industry is in final stages and
as a part of this, the Government is planning to launch Indian Bureau of Corrosion Control and setting up National Chemical Centre
that could prevent losses from corrosion and act as a repository information center for the chemical industry
• Strong economic growth and rise in per-capita income has meant a steady increase in demand for chemicals
• Expected to clock a growth of 10-13 per cent over the coming years
• The industry has left behind a low-growth and regulated environment to emerge more mature
• There is strong government support towards R&D; this would benefit the sector
• In 2015, Department of Chemicals and Petrochemicals added three new chemical and petrochemical products under its supervision.
• In 2016, Department of Chemicals and Petrochemicals, Ministry of Chemicals & Fertilizers, Govt. of India and Federation of Indian
Chambers of Commerce & Industry (FICCI) launched, ‘India Chem-2016’ to develop Indian Chemical and Petrochemical Industry.
High domestic
demand potential
Focus on new
segments such as
specialty and
knowledge
chemicals
Gujarat and
Maharashtra have
emerged as most
favoured zones
Fragmented
industry
Increase in focus
on R&D
Indian chemical
industry
11. 1111Updated on October 14, 2016 For updated information, please visit www.ibef.org
Total production of major chemicals (000’ MT)
Source: Department of Chemicals and Petrochemicals,
TechSci Research
Note: MT - Metric Tonne
FY16: (1) – Data upto September 2015
Total chemical production in India was 4808 MT in FY15
(upto September 2014) and reached to 4863 MT in FY16
(upto September 2015) . The growth of 1.1 per cent was
registered from FY15 to FY16
Favourable demographics and strong economic growth are
driving demand for chemicals
External demand and specialty chemicals have also
contributed strongly to the growth of the industry
India’s growing per capita consumption and demand for
agriculture-related chemicals offers huge scope of growth
for the sector in the future
The R&D spending of chemical industry is estimated to
increase to around USD12 billion by 2017.
DOMESTIC AND EXTERNAL DEMAND DRIVING GROWTH IN THE SECTOR … (1/2)
CHEMICALS
9107 9396 9440 9628 9632
4863
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16⁽¹⁾
12. 1212Updated on October 14, 2016 For updated information, please visit www.ibef.org
Production of major chemicals (000’ MT)
Source: Department of Chemicals and Petrochemicals, TechSci Research
Notes: MT - Metric Tonne, Kg - Kilo gram,
CAGR - Compound Annual Growth Rate
Note: (1) -April to September 2015
With 69 per cent share in the total production, alkali chemicals accounted for the largest share in Indian chemical industry in
FY16 (upto September 2015)
During FY16 (April to September 2015), production of alkali chemicals in India stood at 3,322 MT.
Production share of major chemicals during FY16 (1)
CHEMICALS
DOMESTIC AND EXTERNAL DEMAND DRIVING GROWTH IN THE SECTOR … (2/2)
68.31%
9.91%
16.68%
2.06% 3.04%
Alkali
Chemicals
Inorganic
Chemicals
Organic
Chemicals
Pesticides
Dyes&
Dyestuffs
0
5000
10000
15000
20000
25000
30000
35000
40000
Alkalie
Chemicals
Inorganic
Chemicals
Organic
Chemicals
Pesticides Dyes & Dye
stuffs
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16 (April 15 to Sept 15)
13. 1313Updated on October 14, 2016 For updated information, please visit www.ibef.org
Chemical exports of India (USD billion)
Source: Ministry of Commerce, TechSci Research
Notes: FY16(1) - April ’15 – January ‘16
Chemical exports from India stood at USD9.61 billion for
FY16(1).
Exports in the chemical industry grew from USD12.4 billion
in FY13 to USD12.7 billion in FY15, registering a growth of
0.9%
EXPORTS HAVE BEEN RISING OVER THE YEARS
CHEMICALS
CAGR: 0.9%
12.40 12.60 12.70
9.61
FY13 FY14 FY15 FY16⁽¹⁾
14. 1414Updated on October 14, 2016 For updated information, please visit www.ibef.org
India’s chemical imports (USD billion)
Source: Ministry of Commerce, DGCI&S, TechSci Research
Notes: FY16(1) - Data is for April ’15 – January ’16
CAGR - Compound Annual Growth Rate
Total imports of chemicals grew from USD10.1 billion in
FY13 to USD19 billion in FY15, a CAGR of 37.5%
Total imports of chemicals reached USD14.47 billion in the
FY16(1).
… BUT, INDIA IS A NET IMPORTER OF CHEMICALS
CHEMICALS
CAGR: 37.5%
10.1
18 19
14.47
FY13 FY14 FY15 FY16⁽¹⁾
15. 1515Updated on October 14, 2016 For updated information, please visit www.ibef.org
Shares in exports of chemicals in FY16(1)
Source: Ministry of Commerce, TechSci Research
Note: CAGR - Compound Annual Growth Rate
(1) - Provisional data for April 2015- March 2016
During FY16(1), organic chemicals accounted for a share of
41.84 per cent in India’s total chemical exports, followed by
miscellaneous chemicals which accounted for a share of
18.59%, in overall chemical exports from India.
Within agrochemicals herbicide is the largest segment
globally, however, consumption of insecticides in India is
dominating. Growth of agro chemicals is largely driven by
export demand
ORGANIC CHEMICALS DOMINATE BOTH EXPORTS AND IMPORTS … (1/2)
CHEMICALS
41.70%
17.46%
16.84%
5.38%
18.62%
Organic
Dyes and Dye stuff
Agro Chemicals
Inorganic
Miscellaneous Chemcials
16. 1616Updated on October 14, 2016 For updated information, please visit www.ibef.org
Shares in imports of chemicals in FY16(1)
Source: Ministry of Commerce, TechSci Research
Note: CAGR - Compound Annual Growth Rate
(1) - Data for April-January 2016
Organic chemicals also dominate imports, with a share of
57.26%, followed by inorganic chemicals at 26.08 per cent
in FY16(1)
ORGANIC CHEMICALS DOMINATE BOTH EXPORTS AND IMPORTS … (2/2)
CHEMICALS
57.26%
26.08%
5.43%
5.11%
6.12%
Organic Chemicals
Inorganic Chemicals
Dyes and Dyestuff
Agro Chemicals
Miscellaneous Chemicals
17. 1717Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: FICCI, TechSci Research
Notes: Figures mentioned above is taken from Dept. of
Chemicals and Petrochemicals;
FY16(1) - (April- December 2015)
CHEMICAL INDUSTRY HOLDS A SIGNIFICANT POSITION IN THE ECONOMY
CHEMICALS
India’s
chemical
industry
(2013-15)
In 2025, chemical
industry is expected to
grow and
reach
USD403 billion
mark
2.11 per cent of
national
GDP
3rd
largest chemical
industry in Asia,
preceded
by China and
Japan
Government allows
100 per cent FDI in the
chemical sector
One of the
most diversified
sectors, covering
more than
70,000 commercial
products
12.17 per cent of
total exports
and 9.91 per cent
of total imports
in FY16(1)
18. 1818Updated on October 14, 2016 For updated information, please visit www.ibef.org
Contribution to global chemical industry
would increase
Source: FICCI, TechSci Research
Notes: CAGR - Compound Annual Growth Rate, E - Estimate
Strong growth outlook for the Indian chemicals
industry (USD billion)
CHEMICALS
HIGH GROWTH WOULD LEAD TO RISING GLOBAL POSITIONING
2015
• Global chemical industry: USD3.26 trillion
• India chemical industry: USD144 billion
2017E
• Global chemical industry: USD4.5 trillion
• India chemical industry: USD224 billion
2015
2017E
Global India
CAGR: 17.4%
96.54%
3.46%
95.02%
4.98%
118
144
224
2013 2015 2017E
19. 1919Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: D&B, TechSci Research
CHEMICALS
Jamnagar,
Thane, Pune, Chiplun
Ahmedabad
Hyderabad
Vadodara
Cochin
Haldia
Bengaluru
NCR
Chennai
Bharuch, Hazira, Vapi
Baddi
Derabassi
Panipat
Nagda
Visakhapatnam,
Kakinada
Cuddalore, Puducherry
Mangalore
WIDESPREAD CHEMICAL INDUSTRY INFRASTRUCTURE ACROSS INDIA … (2/2)
Bathinda
20. 2020Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: Company Annual Reports, TechSci Research
Notes: (1) For data upto 31st March, 2016,
KEY DOMESTIC AND INTERNATIONAL PLAYERS IN INDIAN CHEMICAL INDUSTRY
CHEMICALS
Domestic company
Sales in FY16(1)
(USD billion)
Products
Tata Chemicals Limited (TCL) 1.62
Soda ash, salt, marine chemicals,
caustic soda, cement, etc.
United Phosphorus Limited (UPL) 0.91 Agrochemicals
Gujarat Heavy Chemicals Ltd (GHCL) 0.4 Soda ash
Gujarat Alkalies and Chemicals Ltd (GACL) 0.30 Caustic soda
22. 2222Updated on October 14, 2016 For updated information, please visit www.ibef.org
PORTERS FIVE FORCES ANALYSIS
CHEMICALS
Competitive Rivalry
• Chemical industry is highly fragmented with intense rivalry amongst
companies
• Since, 100 per cent FDI is allow hence domestic companies face stiff
competition from foreign competitors as well
• International companies may also dump chemicals at low price
Threat of New Entrants
Bargaining Power of Suppliers Bargaining Power of Customers
• Customers have multiple
sources of supply
• Chemical companies are
bound by long-term contracts
• Niche specialty chemicals have
some pricing power
Substitute Products
• Huge capital requirements and
patent protection are significant
barriers
• Other barriers include - R&D
and personnel requirements
• Small chemical companies rely
on supplies from larger plants,
or petrochemical units
• Inputs for a chemical plant
cannot be easily substituted
• Buyers tend to have specific
chemical requirements
• There are no direct substitutes
for a specific chemical
requirement
Competitive
Rivalry
(Medium)
Threat of New
Entrants
(High)
Substitute
Products
(Low)
Bargaining
Power of
Customers
(Medium)
Bargaining
Power of
Suppliers
(High)
24. 2424Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: TechSci Research
GROWTH DRIVERS OF THE INDIAN CHEMICAL INDUSTRY
CHEMICALS
Low-cost
manufacturing
Government
Policy support
and increase in
investment
initiatives
Rise in GDP and
purchasing
power
World class
engineering and
strong R&D
capabilities
Huge growth
potential for the
domestic market
Big
Infrastructural
Investment
25. 2525Updated on October 14, 2016 For updated information, please visit www.ibef.org
ECONOMIC EXPANSION WOULD CONTINUE TO DRIVE GROWTH IN THE CHEMICAL INDUSTRY
Real GDP growth
Source: IMF, World Bank, TechSci Research
Being largely an intermediate product, strong economic growth is an important factor in sustaining demand for chemical
products
Per capita consumption of most of the finished products under chemicals sector is far below the world average; this points to
the vast potential for growth in the industry
As in a number of other industries in India, strong growth in discretionary income and changing lifestyles are counted as a
few of the other major growth drivers of the chemicals sector
Per capita GDP growth
CHEMICALS9.3%
9.8%
3.9%
8.5%
10.3%
6.6%
4.7%
5.0%
5.6%
7.2%
7.6%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016F
7.70%
8.30%
2.50%
7.00%
8.70%
5.20%
3.70%
5.60%
6.10%
6.30%
7.68%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016F
26. 2626Updated on October 14, 2016 For updated information, please visit www.ibef.org
POLICY SUPPORT FOR FOREIGN INVESTMENT
Annual FDI inflow to the chemical industry
(excluding fertilizer) (USD Million)
Source: Department of Industrial Policy & Promotion,
Ministry of Commerce and Industry, TechSci Research
Note: (1) - Up to March 2016
FDI inflow in chemicals sector (other than fertilisers) stood at USD11,900.29 million during April 2000- March 2016,
accounting for 4.12 per cent of the total inflows
Procedures relating to FDI have been simplified; most of the items in the chemicals sector fall under the automatic approval
route for FDI/NRI/OCB investment up to 100%
Share of chemical industry in total FDI
inflow (excluding fertiliser)
CHEMICALS
2354
4041
292
878
10336
11900
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16⁽¹⁾
10.60%
11.30%
1.30%
4.44% 4.16% 4.12%
FY 11 FY 12 FY 13 FY 14 FY 15 FY 16⁽¹⁾
27. 2727Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: Department of Chemicals and Petrochemicals,
TechSci Research
Notes: (1) - Budget Estimate
GOVERNMENT SUPPORT TO THE SECTOR IS INCREASING … (1/2)
CHEMICALS
All figures are in USD million
Name of the
scheme
XI Plan
outlay
(2007-2012)
Annual Plan
FY11
Annual Plan
FY12
Annual Plan
FY13
Annual Plan
FY14
Annual Plan
FY15
Annual Plan
FY16
Annual Plan
FY 17(1)
Project based
support to PSUs
29.1 4.3 0.0 5.4 1.3 5.81 2.30 6.11
Support to
autonomous
bodies
19.2 0.1 0.2 8.3 23.80 16.79 16.60 10.08
Other ongoing
schemes
44.2 165.8 183.4 292.8 167.32 5.7 2.78 8.25
New schemes
initiated
in XI plan
25.0 17.9 10.1 - - - - -
Total 117.5 188.1 193.7 306.5 224.7 28.3 21.68 24.44
28. 2828Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: Department of Chemicals and Petrochemicals, TechSci Research
Note: (1) - As on December 31, 2015,
(2) – Budget Estimate
GOVERNMENT SUPPORT TO THE SECTOR IS INCREASING … (2/2)
CHEMICALS
All figures are in USD million
Name of the
scheme
Non-plan
outlay
(FY10)
Non-plan
outlay
(FY11)
Non-plan
outlay
(FY12)
Non-plan
outlay
(FY13)
Non-plan
outlay
(FY14)
Non-plan
outlay
(FY15)
Non-plan
outlay
(FY16(1))
Non-plan
outlay
(FY17(2))
Assam Gas Cracker
Project
130.48 127 254.17 16 0 0 0.0015
Secretariat 2.21 2.52 2.79 2.3 2.4 2.30 1.74 2.58
Central Institute of
Plastics Engg. &
Technology
(CIPET)
0.63 0.10 0.10 0 0 0 0 0
Bhopal Gas Leak
Disaster
0 0 0 17.5 23.3 4.37 2.43 3.84
Institute of Pesticide
Formulation
Technology (IPFT)
0 0 0 0.6 0.6 0.59 38.11 0.0015
Others 0.50 0.54 0.63 0 0 0 3.77 0.06
Total 3.34 133.64 130.52 274.57 42.3 7.26 46.05 6.42
29. 2929Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: EXIM Bank of India, TechSci Research,
Note: PCPIR - Petroleum, Chemicals and Petrochemicals Investment Regions
The government has announced a number of measures to
improve competitiveness in the sector
Share of manufacturing approved by the Cabinet as per the
erstwhile Planning Commission would contribute 25 per cent
of the GDP by 2025
Approval is granted for FDI up to 100 per cent in the chemicals
sector, excise duty reduced from 14 per cent to 10%, strong
laws on anti-dumping to further promote the industry
Cumulative FDI inflows into chemical industry reached
USD11,900.29 million, during April 2000-March 2016
Policies that have been initiated to set up integrated
Petroleum, Chemicals and Petrochemicals Investment
Regions (PCPIR) are revised by the end of 2015-2016. The
land requirement for a PCPIR would go down from 250 square
kilometers to 50 square kilometers.
The capital and technology intensive projects under PCPIR
that are likely to be operational within 10-15 years are
estimated to draw an investment of USD116.54 billion.
Kerala, Karnataka and Maharashtra are new applicants for
PCPIR
For setting up of PCPIRs, the government approved states
including Odisha (Paradip), Gujarat (Dahej), Tamil Nadu
(Cuddalore- Nagapattinam) and Andhra Pradesh
(Vishakhapatnam-Kakinada).
New initiatives are likely to attract large investments, both
domestic and foreign, with requisite improvements in
infrastructure and competition
GROWTH, COMPETITIVENESS AND PROCESS INITIATIVES
CHEMICALS
Industry-level initiatives
• The Indian Chemical Council (ICC ) is the nodal
agency/signatory representing India under the ‘Responsible
Care Initiative’
• ICC has prepared codes and guidance for implementation
of process safety, employee health and safety, pollution
prevention, emergency response, and product safety
• Member companies of ICC are encouraged to interact with
local communities and groups such as students, teachers,
fire/police personnel
Firm-level initiatives
• Indian chemical firms have strived to increase their
market share through global presence
• They have in place technical agreements with
multinational firms to keep abreast of technological
progress in the global chemical industry
30. 3030Updated on October 14, 2016
MILESTONES PROPOSED FOR 12TH FIVE-YEAR PLAN
For updated information, please visit www.ibef.org
Source: TechSci Research
Note: PCPIR - Petroleum, Chemicals and Petrochemicals Investment Regions
CHEMICALS
• Make PCPIRs a
reality
• Provide
infrastructure support
to the industry by
constructing roads,
ports and other
similar facilities
• Implementation of
strategy for sourcing
and allocation of
feedstock
• Setting up of
technology up-
gradation fund of
USD100 million
• Allocation of 10 per
cent share of the
USD1 billion
National Innovation
Fund to chemicals
• Development of the
first set of chemical
usage standards for
the industry
addressing key
issues related to
water supply,
environmental
impact, raw materials
supply, safety over
lifecycle, and energy
use
• Committee to frame
regulatory structure
and eliminate
redundancies
• Setting up of a
national chemical
inventory
• Government has
rationalised and
removed various tax
exemptions and
incentives to improve
the administration
and to reduce tax
disputes
Infrastructure Feedstock R&D and technology Sustainability Regulations
31. 3131Updated on October 14, 2016
Source: Department of Chemicals and Petro Chemicals, TechSci Research
RECENT MAJOR M&A DEALS IN THE INDIAN CHEMICAL INDUSTRY …
CHEMICALS
Acquirer Target/ JV partner Valuation Synergies/ drivers
Inbound
Jun-15 Evonik Industries Monarch Catalyst Pvt. Ltd. - Global leader in catalysts
April-14 Yanmar Ltd/ Mitsui Ltd Coromandel International Ltd - Manufactures rice transplanters and harvesters
April-14 Axiall LLC Shriram Vinyl Polytech Pvt Ltd USD6 million Launched new-generation polymer compounds
December-13 Multiplast Polymer Soft Clad Laminates - Manufacturer of plastic products
Outbound
September-14 Brenntag Pioma Chemicals NA Specialty chemicals
April-14 Asian Paints Ltd Kadisco Chemical Industry PLC - Sells paints, coatings & adhesives in Ethiopia
For updated information, please visit www.ibef.org
In April 2016, AkzoNobel (leading player in monochloroacetic acid market) and Atul Limited (leading supplier of crop
protection chemicals using MCA) planned to set up a manufacturing joint venture to install monochloroacetic acid (MCA)
plant in Gujarat.
As of April 2016, Pidilite Industries Limited and Industria ChimicaAdriatica Spa (ICA), entered into a joint venture, wherein
Pidilite announced to have 50 per cent of the shareholding in the Joint Venture Company (JVC), Wood Coat Private Limited.
In October 2016, Gujarat Narmada Valley Fertilizers and Chemicals (GNFC) is entering into a JV with Belgian firm Ecophos
SA to set up a 2,00,000 MTPA di-calcium phosphate (DCP) project at Dahej in Gujarat at an estimated cost of US$ 80.35
million.
33. 3333Updated on October 14, 2016 For updated information, please visit www.ibef.org
GROWTH VALUE PROPOSITION OF THE INDIAN CHEMICAL INDUSTRY
CHEMICALS
Indian
chemicals
sector
Critical size of the
domestic market
Customised application
development
Availability of reliable
and competitive
feedstock supply
Established
process know-how and
strong R&D capability
Source: KPMG International 2011, TechSci Research
34. 3434Updated on October 14, 2016 For updated information, please visit www.ibef.org
SPECIALTY CHEMICALS: LUCRATIVE OPPORTUNITIES IN THIS SEGMENT
Specialty chemical growth outlook by FY23
(USD billion)
Source: FICCI, Dept. of Chemicals and Petrochemicals, TechSci Research,
Note: (1) - Value is for 2014
Notes (2)- Value is for 2015
E: Estimated Value
Specialty chemicals market has expanded at a CAGR of about 12 per cent over FY07–11; the figure is expected to rise by
9.43 per cent from FY14 to reach USD90 billion by FY23, India is also gaining traction as an outsourcing hub
The Indian middle-class household is expected to grow from 31 million in 2008 to 148 million by 2030, leading to a huge
demand for specialty chemicals in automotives, water treatment and construction
Compared to developed markets, current usage of specialty chemicals in India is very low, with an increased focus on
improving products and usage intensity of specialty chemicals, the industry is poised for strong growth in future
Major sub-segments and their growth outlook by FY17
(USD billion)
CHEMICALS
40
70
90
FY14 FY20F FY23E
CAGR: 9.43%
3.6
1.3
0.6 0.8 0.6
8.2
5.3
1.4 1.5 1.1
Paints and
Coatings
Speciality
Polymers⁽²⁾
Construction
Chemicals⁽¹⁾
Textile
Chemicals
Water
Chemicals
FY 11 FY 17E
35. 3535Updated on October 14, 2016 For updated information, please visit www.ibef.org
WITHIN SPECIALTY CHEMICALS, CONSTRUCTION CHEMICALS IS LIKELY TO SHINE
Construction chemical growth outlook (USD million)
Source: FICCI, TechSci Research
Note: E-Estimate
India’s construction chemical market stood at USD573.2 million in 2014, which grew to USD649.75 million in 2015.
With the construction sector expected to pace ahead due to strong economic growth, the fundamentals for construction
chemicals are sound
By 2019, the construction chemicals sector is set to touch USD1146.4 million
India’s construction chemical sector consists of a variety of products ranging from admixtures to sealants. Admixtures form
the largest segment with a 42 per cent share, followed by 18 per cent share of adhesives & sealants
Specialty chemicals segments in 2014
CHEMICALS
42%
18%
14%
14%
12%
Admixtures
Adhesives & Sealants
Flooring
Waterproofing
Repair and Rehabilitation
CAGR
13.9%
311.2
573.2
649.75
1146.4
FY 09 FY 14 FY 15 FY 19E
36. 3636Updated on October 14, 2016 For updated information, please visit www.ibef.org
KEY GROWTH DRIVERS OF SPECIALTY CHEMICALS
Source: TechSci Research
CHEMICALS
Automotive
Construction
Water
Automotive sector in India has
been expanding at a CAGR of
~12 per cent over the last five
years. Automotive sector growth
will drive demand for automotive
components and consequently
for plastics, paints and coatings
used in their production
Water treatment chemicals
are widely used in purification
of water and also in large
power plants, refineries and
fertiliser factories
Construction industry in India has
been registering a CAGR of about 17
per cent over the last few years and is
likely to gather momentum in the near
future. Adoption of advanced coating,
ceiling and polymer-based reinforcing
material in construction will drive the
demand for related chemicals
37. 3737Updated on October 14, 2016 For updated information, please visit www.ibef.org
Polymer chemical growth outlook (USD million)
Source: TATA Strategic Analysis, TechSci Research
Notes: E - Estimates, CAGR - Compound Annual Growth Rate,
(1) – As of April 15 – September 15)
Polymer chemicals
India is currently the world’s third largest consumer of polymers,
behind China and the US, India’s polymer consumption is 6.2
million tonnes which constitutes 3 percent of the global
consumption
Per capita consumption of polymer in India is 5.2 kg whereas
China’s per capita polymer consumption is 30 kg.
Indian Polymer market has grown at a CAGR of 23.02 per cent
over 2005-15 to USD1310 million
The sector is expected to grow at a higher rate due to growth in
plastic demand resulting from increased usage in packaging,
construction and automotive sectors
Due to increasing environmental concerns and cost, replacement of
wood, metal and glass by plastic will also augment demand
Polymer production in India is around 9 million tonnes and imports
stand at 2.8 million tonnes
In FY 16(1), polymer production in India is stood at around 3.75
million tonnes, witnessing Y-o-Y growth at a rate of 17.9%, over the
previous year.
POLYMER CHEMICALS WILL BE YET ANOTHER KEY SEGMENT OF SPECIALTY CHEMICALS
CHEMICALS
CAGR: 23.02%
165
300
1310
2005 2010 2015
38. 3838Updated on October 14, 2016 For updated information, please visit www.ibef.org
AGROCHEMICALS: THE FUTURE LOOKS BRIGHT… (1/2)
Agrochemical industry growth outlook (USD billion)
Source: FICCI, India Chem, TechSci Research
Notes: E - Estimates, CAGR - Compound Annual Growth Rate
Note: (1) - Data is of 2014
India is the third largest producer of agrochemicals, globally, and ranks fourth in terms of production of crop protection
chemicals. The market for crop protection chemicals in India is expected to reach to USD7.5 billion by FY19, registering an
exports of about 50 per cent of Indian crop protection industry.
Agrochemical industry in India is set to grow at a significant pace; increasing population, decreasing per capita availability of
arable land and focus on increasing agricultural yield will fuel the demand for agrochemicals
India's per hectare agrochemical consumption is set to rise in the coming years, given the above-mentioned factors
In 2015, India has become one of the largest exporters of agrochemicals globally
Insecticides India Ltd launched a mobile app for its customers, to provide them important updates and information about
products offered by the company. Insecticides India Ltd, a leading agrochemical company plans to invest USD22.9 million in
the next two years to expand its production capacity
Pesticide consumption(1) (kg/ha)
CHEMICALS
CAGR: 11.7%
4.3
7.5
FY14 FY19E
0.6
5 5
7 7
12
13
17
India UK France Korea USA Japan China Taiwan
39. 3939Updated on October 14, 2016 For updated information, please visit www.ibef.org
AGROCHEMICALS: THE FUTURE LOOKS BRIGHT… (2/2)
Exports of Agrochemicals in India (USD Billion)
Source: FICCI, TechSci Research
Note: F-Forecast,
AP – Andhra Pradesh, MP – Madhya Pradesh
(1) - Provisional data for April - March 2016
The seven states including Andhra Pradesh (AP), Maharashtra, Punjab, Madhya Pradesh & Chhattisgarh, Gujarat, Tamil
Nadu and Haryana account for usage of over 70 per cent crop protection chemicals in India; wherein Andhra Pradesh is a
leading consumer of agrochemicals with a market share of 24%.
State Wise Agrochemical Consumption in 2015
CHEMICALS
CAGR
13.18%
24%
13%
11%
8%
7%
7%
5%
5%
5%
15%
AP
Maharashtra
Punjab
MP &
Chattisgarh
Karnataka
Gujarat
Tamil Nadu
Haryana
West Bengal
Others
1.05 1.15
1.38
1.66
1.92 1.95 1.96
6.30
FY10 FY11 FY12 FY13 FY14 FY15 FY16⁽¹⁾ FY20F
41. 4141Updated on October 14, 2016 For updated information, please visit www.ibef.org
Revenue breakup of TATA chemicals (FY16)
Source: Company Annual Report, TechSci Research
Notes: STPP (1) - Sodium Tripolyphosphate
IMACID - Indo Maroc Phosphore S.A.
Tata Chemicals Limited (TCL) is one of the leading
chemical companies in India, with significant operations
in India and Africa
Second-largest soda ash producer in the world and the
largest in India
A market leader in edible salt; largest STPP player in the
country
Most energy-efficient urea fertiliser manufacturer in India;
amongst the most efficient globally
1/3rd stake holder in IMACID, Morocco, assured supply of
key inputs
Soda Ash market holds the maximum share of 38 per
cent followed by Complex Fertilizers and Urea with 21
per cent and 13 per cent respectively; Soda ash market
in India saw a growth of 10 per cent during the period
2014-15
TATA CHEMICALS: DIVERSIFYING THEIR WAY TO SUCCESS … (1/3)
CHEMICALS
36%
22%
12%
7%
1%
20%
2%
Soda Ash
Complex Fetrilizers
Urea
Vaccum and Iodised
Salt
Cement
Others
Other Income
42. 4242Updated on October 14, 2016 For updated information, please visit www.ibef.org
Source: Company website, TechSci Research
CHEMICALS
• Acquires
controlling
stake in
Rallis India
Limited
• Acquires
South
Africa’s
Grown
Energy
• Tata
Chemicals
Europe Ltd
acquires
British Salt,
producing
approximat
ely half of
the UK’s
pure salt
• Tata
Chemicals
wins two
awards at the
Brand
Leadership
Award 2013 for
‘Emerging
Brand’ and '50
Most Talented
Brand Leaders
of India'
2009
2010
2011
2012
2013
• India's first
iodine plus
iron fortified
salt
launched by
Tata
Chemicals
TATA CHEMICALS: DIVERSIFYING THEIR WAY TO SUCCESS … (2/3)
• Tata Chemicals was
awarded 'Dun &
Bradstreet
Corporate Awards
2015' in the
fertilizer’s sector
• Tata Chemicals
announced the
launch of a new
brand “Tata
Sampann for
providing quality
food products
2014-15
2015-16
• Tata Chemicals was
awarded India's
Best Employer
Award 2016, by Aon
• Tata Chemicals in
2016 launched crop
nutrition product
“Tata Paras
Farmoola Foliar” for
apple crop
production.
43. 4343Updated on October 14, 2016 For updated information, please visit www.ibef.org
Geographical diversification (FY16)
Source: Tata Chemicals Annual Report, TechSci Research
Note: (1) : Data upto 31st March, 2016
Turnover over the years (USD billion)
CHEMICALS
TATA CHEMICALS: DIVERSIFYING THEIR WAY TO SUCCESS … (3/3)
CAGR: 9.55%
Tata Chemicals Limited (TCL) earned net profit of
USD119.18 million in FY16 (1)
1.5
2.8
2
2.4
2.9 2.8
2.6
2.8 2.7
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16⁽¹⁾
72%
14%
9%
2% 3%
Asia
America
Europe
Africa
Others
44. 4444Updated on October 14, 2016 For updated information, please visit www.ibef.org
Total sales (USD million)
Source: United Phosphorus Limited (UPL) Annual Reports, TechSci
Research
Notes: CAGR - Compound Annual Growth Rate
UPL is mainly engaged in the business of agrochemicals,
other industrial chemicals, and chemical intermediates
Agrochemicals account for 96 per cent of the total sales of
the company, while the industrial chemicals and
intermediates segments together account for 4%
UPL has 28 manufacturing sites – 13 in India and 15
outside India(international)
The company has also strengthened its distribution reach
and access to new markets through strategic alliances with
agrochemical manufacturers in other countries
The company is planning to launch innovative technology,
farming solutions, and new products through its other arms
such as Advanta and Golden Seeds
UPL has been ranked the fifth largest agrochemical
company globally
UNITED PHOSPHORUS LIMITED (UPL): AN AGROCHEMICAL SUCCESS … (1/2)
CHEMICALS
CAGR: 10.83%
900
1000
1100
1200
1600
1700
1800
1980.1 2049.04
FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
45. 4545Updated on October 14, 2016 For updated information, please visit www.ibef.org
Income by region - FY16
Source: Company Annual report, TechSci Research
Notes: EBIDTA - Earnings Before Interest, Taxes, Depreciation and Amortisation
UPL Limited comprises of UPL, Advanta and UEL companies that are listed in the Indian Stock Exchange
In 2015, UPL Mumbai won the Dun & Bradstreet Corporate Award in the agrochemicals sector
EBIDTA (USD billion)
CHEMICALS
UNITED PHOSPHORUS LIMITED (UPL): AN AGROCHEMICAL SUCCESS … (2/2)
CAGR: 11.7%
27%
25%
19%
15%
14%
India
Latin America
North America
Europe
Rest of World
0.18
0.21 0.22
0.26
0.31 0.32
0.36
0.39
0.15
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16*
46. 4646Updated on October 14, 2016 For updated information, please visit www.ibef.org
ASIAN PAINTS: A COLORFUL GROWTH PATH
Asian Paints geography wise sales (FY16)
Source: Company Annual report, TechSci Research
Notes: KL - Kilo Litre, CAGR - Compound Annual Growth Rate
In 1942, Asian Paints started manufacturing in a Mumbai garage; now, with total installed capacity of nearly 1 million kilo-litre, Asian
Paints is amongst the largest paint manufacturing companies in the world
Asian Paints has grown at an excellent pace over the years; a CAGR of 13.27 per cent from FY09–15 and net profit after tax earned
for FY16 (during April – September 2015) is at USD144.4 million
In 2015, Asian Paints was awarded as the “Most Impactful Companies of the Decade” by CNBC. The company was listed on India’s
Super 50 companies in the July 2015 issue by Forbes India
Asian Paints Revenue (USD million)
CHEMICALS
CAGR: 13.27%
1100 1200
1600
1900 2000 2100
2322.9 2342
FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
54.70%
27.90%
11.00%
6.40%
Middle East & Africa
(Egypt, Oman,
Bahrain, UAE &
Wthiopia)
Asia (Bangladesh,
Nepal, Sri Lanka,
Singapore &
Indonesia)
Caribbean (Barbados,
Jamaica, Trinidad &
Tobago)
South Pacific (Fiji,
Solomon Islands,
Samoa, Tonga &
Vanuatu)
47. 4747Updated on October 14, 2016 For updated information, please visit www.ibef.org
India Glycols Limited sales (USD million)
Source: Company Annual Report, TechSci Research
Notes: CAGR - Compound Annual Growth Rate,
TTM – Trailing Twelve Months
Established in 1983, India Glycols is the only company that
manufactures green technology-based bulk, specialty and
performance chemicals and natural gums, spirits, industrial
gases, sugar and nutraceuticals in India
The company operates in five segments, including
Chemicals which forms the largest segment
The company exports to more than 40 countries including
the US, Japan, and countries in Europe and Latin America
During FY09–16, the company’s sales have increased at a
CAGR of 7.84 per cent to USD380.9 million
The company registered a sales of USD380.9 million in
FY16 against sales of USD418.8 million in FY15
INDIA GLYCOLS LIMITED
CHEMICALS
334.2
224.5
252.9
386.9
576.4
632.1
479
418.8
380.9
FY 08 FY 09 FY 10 FY 11 FY 12 FY 13 FY 14 FY 15 FY 16
49. 4949Updated on October 14, 2016
INDUSTRY ASSOCIATIONS
For updated information, please visit www.ibef.org
CHEMICALS
Indian Chemical Council
Sir Vithaldas Chambers, 16-Mumbai Samachar Marg,
Mumbai – 400023
Phone: 91 22 22047649/ 22846852
Fax: 91 22 22048057
Website: www.icmaindia.com
Alkali Manufacturers Association of India
3rd Floor, Pankaj Chambers, Preet Vihar Commercial Complex,
Vikas Marg, New Delhi – 110092
Phone: 91 11 22432003, 22410150, 55253401
Fax: 91 11 22468249
Website: www.ama-india.org
Indian Specialty Chemical Manufacturers' Association
1156, Bole Smruti, Suryavanshi Kshatriya Sabhagriha Marg,
Off. Veer Savarkar Marg, Dadar (West)
Mumbai – 400 028
Tel: 91 22 2446 5003
Website: www.iscma.in
50. 5050Updated on October 14, 2016
GLOSSARY
For updated information, please visit www.ibef.org
OCB: Overseas Corporate Bodies
NRI: Non-Resident Indian
FY: Indian Financial Year (April to March)
So FY10 implies April 2009 to March 2010
NA: Not Available
STPP: Sodium Tripolyphosphate
MT: Metric Tonnes
USD: US Dollar
Wherever applicable, numbers have been rounded off to the nearest whole number
CHEMICALS
51. 5151Updated on October 14, 2016
Exchange rates (Fiscal Year)
For updated information, please visit www.ibef.org
EXCHANGE RATES
Exchange rates (Calendar Year)
CHEMICALS
Year INR equivalent of one USD
2004–05 44.81
2005–06 44.14
2006–07 45.14
2007–08 40.27
2008–09 46.14
2009–10 47.42
2010–11 45.62
2011–12 46.88
2012–13 54.31
2013–14 60.28
2014-15 61.06
2015-16 65.46
2016-2017E 66.95
Source: Reserve bank of India,
Average for the year
Year INR equivalent of one USD
2005 43.98
2006 45.18
2007 41.34
2008 43.62
2009 48.42
2010 45.72
2011 46.85
2012 53.46
2013 58.44
2014 61.03
2015 64.15
2016 (Expected) 67.22
52. 5252Updated on October 14, 2016
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CHEMICALS