Companies in Chemical field make huge
profits, which gives numerous options for investors to buy the best Chemical
Stocks. The chemical industry in India is diversified extensively and offers a
wide range of products to the international market.
India is expanding its horizons in the
chemical sector and it has achieved some noteworthy milestones in the past few
years. Specialty chemicals find their application in wide variety of industries
like Tyre manufacturing, agro-chemicals, pharmaceuticals, etc. In the last 2-3
years, specialty chemicals sector has boomed quite a lot mainly as many
specialty chemical companies in China were shut down due to the “Blue Sky
Policy” implemented in China.
Chemical Industry in India has broadly
grown at 11% CAGR over the last decade. It was valued at $178 billion in FY
2019 & is expected to grow at 9% per annum and reach $304 billion by FY
2025.
Indian Chemicals Industry comprise of :
Petrochemicals (petrochem) are the chemical products obtained from
petroleum by refining. Some chemical compounds made from petroleum are also
obtained from other fossil fuels, such as coal or natural gas, or renewable
sources such as maize, palm fruit or sugar cane.
Flavors and fragrances industry
(F&F) creates scents and tastes for use in a broad range of consumer
products, including prepared foods, personal care and household products, fine
fragrances, cosmetics, and beverages. Ingredients can be raw or synthetic.
An adhesive is used particularly for its ability to bond two surfaces
together for an indefinite length of time and varying amounts of stress.
Adhesives have strong shear and tensile strength, making them viable bonding
materials for high-pressure situations. A sealant is generally lower in strength compared to an adhesive and
is also used for a different purpose. Sealants are often used to fill gaps and
resist relative movement of the surfaces to which they are applied. Even though
adhesives are generally stronger, sealants provide the assembly with much more
flexibility.
Chlor-alkali refers to the two chemicals (chlorine and an alkali) which are simultaneously produced as a result of the
electrolysis of a saltwater. The most common chlor-alkali chemicals are
chlorine and sodium hydroxide (caustic soda) but can include potassium
hydroxide and muriatic acid.
Agrochemicals are chemical agents used on farmlands to improve the
nutrients in the field or crops. They improve crop growth by killing damaging
insects. They are implemented in all forms of farming sectors such as
horticulture, dairy farming, poultry, crop shifting, commercial planting, etc.
Paints industry has
two main market segments-industrial and decorative paints. While industrial
paints are used for protection against corrosion and rust on steel structures,
vehicles, white goods and appliances, decorative paints are used in protecting
valuable assets like buildings.
Chemical Category
|
Top Companies to buy
|
Petrochemicals
|
Reliance, GAIL
|
Flavors & Fragrances and Adhesives & Sealants
|
Pidilite Limited
|
Chlor Alkali chemicals
|
Tata chemicals, Gujarat alkalies limited,
|
Agrochemicals
|
UPL, PI Industries
|
Paints
|
Asian Paints, Berger Paints
|
Please find below key Revenue Analysis of Top Chemical companies in India :
Globally, India is the fourth-largest producer of agrochemicals after the United States, Japan and China. India accounts for 16% of the world production of dyestuffs and dye intermediates. Indian colorants industry has emerged as a key player with a global market share of 15%.
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