The Indian Chemical Industry is projected to grow by 11 to 12 percent during 2021–27 and by 7 to 10 percent during 2027–40, thereby tripling its global market share by 2040. This growth is expected to be driven by the rising domestic consumption. India is expected to account for more than 20 percent of incremental global consumption of chemicals over the next two decades. Domestic demand is expected to rise from $170 billion to $180 billion in 2021 to $850 billion to $1,000 billion by 2040. The chemical industry is a very wide definition of a large group of industries with very different products, from plastics and organic acids to fertilizers, drugs, and pesticides.

Many of these chemicals are extremely corrosive for the industrial equipment such as heat exchangers. The corrosion failures of heat exchanger tubes can cause costly downtime, contamination of products, and in the worst case- safety hazards. Your ability to overcome such manufacturing challenges will be critical to business success. Therefore, right material selection for such equipment is critical. Get it right and it can reduce failures and maintenance costs, and boost productivity.

Alleima (formerly Sandvik Materials Technology) advances industries through material technology. Our development and manufacture of advanced stainless steel and special alloys is world-leading. We’re supported by more than 160 years of research, product development, and expertise. Using Alleima advanced materials significantly reduces maintenance and re-tubing downtime.

Indian Chemical News in association with Alleima is organizing an event to discuss the cost of corrosion and a framework for the right material selection to solve corrosion problems in chemical industry. We’re here to move you forward. We’re with you all the way, armed with all the innovation, expertise and skills you need. Join us to know more about corrosion and how to overcome it!