http://www.creanova-intermediates.com Chemical Products Mon, 16 Nov 2009 08:41:01 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.creanova-intermediates.com/the-chemical-industry-in-india/ http://www.creanova-intermediates.com/the-chemical-industry-in-india/#comments Tue, 20 Oct 2009 08:45:13 +0000 admin http://www.creanova-intermediates.com/the-chemical-industry-in-india/ The chemical industry is one of the oldest domestic industries in India, contributing significantly to growth in both the industrial and economic sector of the country since independence in 1947. This industry currently produces nearly 70,000 commercial products ranging from cosmetics and toiletries, to plastics and pesticides.
The industries of India of the agrochemical, petrochemical, pharmaceutical and are some of the most dynamic sectors of the economy. With an estimated value of $ 28 million, representing 13 percent of the country's industrial output and 16.2 percent of total manufacturing exports from India.
With an emphasis on modernization, the Indian government has played an active role in promoting and national chemical industry. The department of chemicals and petrochemicals, which is part of the Ministry of Chemicals and Fertilizers in 1991.
According to a report, "the green building movement and protests against environmental pollution in many western countries an opportunity for India to emerge as a leading player in the market for World stain.
Critical Success Factors Concerns
1. Focus on exports that supply will outstrip demand
2. World-sized building facilities utilizing the latest technologies to achieve economies of scale
3. Per capita consumption is among the lowest in the world and therefore focus on the achievement of this unmet demand
4. Gap in supply and demand of synthetic rubber and detergents, which must be addressed.
Chemical industry – Global Trends
Overall growth in chemical production (excluding pharmaceuticals) has slowed considerably since the beginning of the year. Global growth in 2005 was only 2.7% from 4.7% last year. High energy costs have affected the chemical industry and customer segments.
In Europe, production of chemicals rose 0.8% in 2005. In international comparison, growth has been weak, mainly due to declining domestic demand, particularly from industry. Foreign trade was also lower than the previous year. Only Germany shows a surprisingly strong growth in chemical production by 4% in 2005. This is mainly due to strong exports and industrial growth.
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