Chemicals are a vital part of our life and find applications in numerous things, which ranges from clothes to cars. It also plays an important role in improving the economy of the country.
The Indian Chemical Industry is a huge industry and comprises of a large number of small scale and large scale chemical companies. The chemical industry has witnessed a growth of 13-14% in the last 5 years. The chemical companies sector has the market share of 347627.32 crores in the current scenario. The hugeness of the Indian Chemical Industry can be traced from the fact that at present, the market size of the industry is more than $115 Billion, which is expected to cross the mark of $190 Billion by 2018.
Chemical industry in India contributes more than 3% to the GDP. India stands 12th largest in the world and 3rd largest in Asia in terms of production volume. The Indian Chemical sector accounts for 13-14% of entire Global export. Whereas, 8-9% of total imports of the country.
The Indian Chemical Industry produces more than 80,000 chemicals and accounts for more than 14% of the total country’s manufacturing GDP. Thus, Chemical Industry stands as a significant sector in a country’s overall growth index. In this post, we have compiled the list of Top 10 Chemical Companies in India by Market Cap