Introduction

The Indian petrochemical industry stands as a cornerstone of the nation's economic architecture, fueling growth across diverse sectors such as agriculture, automotive, packaging, construction, textiles, and consumer goods.

India’s petrochemical industry is at a pivotal crossroads. Petrochemical demand typically grows at 1.3 to 1.5 times of GDP. For a developing nation like India, which is aiming for a $5 trillion economy in the coming decades, this presents a massive opportunity. While global per capita consumption is around 38 kg, India stands at just 30 kg, indicating significant headroom for growth.

Today, India’s petrochemicals market is valued at around US$ 51 billion and is projected to reach US$ 350 billion by 2040. This growth is underpinned by surging domestic demand, driven by a burgeoning middle class, rapid urbanization, and rising per capita consumption of petrochemical-derived products like plastics and polymers.

However, the sector faces a transformative juncture amid global challenges, including volatile feedstock prices, geopolitical disruptions, and the imperative for decarbonization.

The petrochemical industry has seen significant activity over the past five years, with several new projects in the pipeline. While the sector experienced a strong growth trajectory, margins have notably declined over the past two years from their peak levels in FY2022. Looking ahead, sustaining momentum will require consistent capacity additions—ideally one new cracker every year. Despite India’s feedstock disadvantage, domestic production has remained competitive, largely supported by the 7.5%–10% import duty protection extended to the industry.

Overview

The 3rd Edition of the PETROCHEM SUMMIT 2025 aims to convene industry leaders, policymakers, innovators, and global stakeholders to explore strategies for resilient growth, technological advancement, and environmental stewardship.

The Summit seeks to analyze key drivers of the sector's expansion, including capacity additions, investment inflows, and export potential, while projecting India's contribution to over 10% of global petrochemical growth in the next decade.

It will deliberate on hurdles such as raw material import dependency (around 45% for intermediates), high logistics costs, inadequate R&D infrastructure, and competition from low-cost imports, proposing actionable solutions like tariff rationalization and cluster development.

The Summit will highlight emerging trends in green chemistry, circular economy practices, bioplastics, and digital transformation (e.g., Industry 4.0 and AI integration) to align with India's net-zero emissions target by 2070.

It facilitates networking, knowledge exchange, and partnerships to attract investments exceeding US$87-100 billion over the next decade, leveraging policies like the Production Linked Incentive (PLI) scheme and Petroleum, Chemicals, and Petrochemicals Investment Regions (PCPIRs).

This Summit will not only spotlight India's petrochemical prowess but also ignite collaborative action to harness its full potential, ensuring the sector remains an engine of inclusive and sustainable growth.

Conference Agenda^*

Key Sectors Covered

Feedstocks

Petrochemicals

Inorganics

Chemical Intermediates

Industrial Gases

Plastics

Polymers

Elastomers

Recycled Plastics

Specialty Chemicals

Chemical End-use Markets

Who Should Attend

Policymakers & Regulators
CMDs/CEOs
Technical Heads

Investors &and Financiers
Suppliers
EPC contractors

End Users from Automotive, Packaging, and Construction.
Researchers, startups, & and R&D Experts

OUR
MISSION

The focus is to create a meaningful and collaborative platform by bringing all the key stakeholders on a common platform and help chart out a mission for growing the chemicals and petrochemicals sector

CONFERENCE SPEAKERS

The profile of the speaker faculty is always critical to engage qualitative and quantitative delegate participation. As such, we take utmost care to address pressing issues and design a sharp conference module that would capture attention of knowledgeable, experienced and well informed industry experts.

EVENT & AUDIENCE PROMOTION

With the combination of ICN editorial cum research based approach and excellent connect with senior level industry stakeholders, we are poised to further expand our reach with Indian Petrochemical Summit 2024. The upcoming summit will be driven by a unique audience pre-qualification process and shall be promoted extensively both via offline and digital outreach platforms.

OUR
MISSION

CONFERENCE SPEAKERS

EVENT & AUDIENCE PROMOTION

Organized By

About Indian Chemical News (ICN)

Indian Chemical News is an important online resource for news, views, analysis, trends, technology updates and interviews with prominent leaders in the Chemicals, Petrochemicals, and Energy sector. Our aim is to provide independent, authoritative, and interactive Chemicals, Petrochemicals, and Energy information, enabling our readers to make better-informed business and planning decisions. Our mission is to be India's most credible media platform for the Chemicals, Petrochemicals, and Energy industries. We have been actively covering the Chemicals and Petrochemicals sector since 2008.