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.