By: ICN Bureau
Last updated : April 11, 2022 10:42 am
Vishal Sharma, Regional Supply Chain Manager - ISC, SEA & China, Indorama Ventures Oxides ANK; Rajnish Khandelwal, Senior Vice President, J. M. Baxi & Co.; Seema Kapur, Director - Logistics, Jubilant Ingrevia; and Capt. Inderveer Solanki, Consultant - Port Development and Inland Water Transportation are speakers
Indian Chemical News, an online news media covering chemicals, petrochemicals, and energy sector is organizing an E-conference on chemicals and petrochemicals logistics ecosystem on April 12, 2022.
The topic of the E-conference is "Building Chemicals and Petrochemicals Logistics Ecosystem" and is scheduled from 3:00 - 4:00 PM. Please register as a delegate for the E-conference by clicking on the link.
The speakers for the E-conference are: Vishal Sharma, Regional Supply Chain Manager - ISC, SEA & China, Indorama Ventures Oxides ANK Pvt. Limited; Rajnish Khandelwal, Senior Vice President, J. M. Baxi & Co.; Seema Kapur, Director - Logistics, Jubilant Ingrevia Limited; Capt. Inderveer Solanki, Consultant - Port Development and Inland Water Transportation; and Pravin Prashant, Editor, Indian Chemical News.
The Indian Chemical industry will become a US $304 billion industry by 2025 from US $178 billion in 2019, and potentially a trillion dollar industry in the next decade. As the country embarks on a massive capacity addition and growth in the chemical sector in the coming years, chemical logistics and supply chain is not only a tremendous opportunity but also one fraught with challenges and concerns.
Despite the pandemic induced challenges, the long term outlook for the global chemical industry remains positive, driven by emerging markets like India, shifts in consumer demand and new technologies. The current market is valued to be in the region of US $4 trillion with an estimated over 4% growth in global chemical production (excluding pharmaceuticals) in 2021.
While in India, for the ‘planned and announced’ capacity addition at over 158 mtpa, the country is expected to account for 20% of the global capacity additions and 33% of Asian capacity additions by 2030 in just the petrochemical sector alone.
Given the projected growth across every possible sub-segments of chemicals in India, the chemical supply chain and logistics market is in a massive tailwind. The global chemical logistics market size was valued at US $253.71 billion in 2019, and is projected to reach US $322.54 billion by 2027, registering a CAGR of 3.9% from 2020 to 2027. The Indian chemical logistics market is expected to be in the region of US $15 billion and potentially treble over next ten years.
The key discussion points for the E-conference are: Understanding chemical logistics market in India and opportunity; efficiency and its impact on demand-supply growth; cost and competitiveness for the buyers/suppliers; Bridging the infrastructure gap; innovative business models enabled by digitization; ensuring safety and transparency across the supply chain; and adopting best global green and sustainable practices logistics.