The Indian chemicals industry is a dynamic and growing sector, adding around 7% to India's GDP and contributes around 15% to manufacturing output. The sector is expected to reach US $1 Trillion by 2040, fuelled by the rising demand from various end-use sectors such as pharmaceuticals, agrochemicals, FMCG, automobiles, textiles, paints, and plastics. The Indian Chemicals and Petrochemicals industry has to play a key role if India needs to achieve its ambitious US $10 trillion economy goal by 2030.

India’s chemical industry is rapidly transitioning from the production of commodity chemicals to a focus on sustainable, high-performance specialty chemicals. This brings challenges like global competition, stricter regulations, and pressure for safer, greener processes. To stay competitive, R&D must become more agile and innovation-centric. Despite rising interest in AI/ML and data-driven tools, challenges like fragmented data, lack of standardization, and knowledge silos persist. As a result, digital transformation is not just a choice, but a strategic necessity in process R&D.

The global chemical logistics and supply chain market size is estimated to be valued at around US$ 1.4 trillion in 2021, according to a report by Mordor Intelligence. It is expected to grow at a CAGR of around 6% from 2021 to 2026. In India, the chemical logistics and supply chain market is also experiencing significant growth. According to a report by Grand View Research, the Indian chemical logistics market was valued at approximately US$ 4.85 billion in 2020 and is projected to reach US$ 12.35 billion by 2028, growing at a CAGR of 12.3% from 2021 to 2028.

The 2nd edition of the Petrochem Summit 2024 aims to bring the cross-section of the petrochemical industry at one platform to discuss the nuances of the industry and come out with an implementable solution to give the sector a strategic direction. The Summit aims to bring policymakers, major players, customers, investors and technology providers under one roof to network and understand the requirements of the sector.

The Indian Chemicals industry stands 6th globally in sales values. The market size of the Indian Chemicals industry was around US $220 billion in 2022 and is expected to touch US $300 billion by 2030. According to McKinsey, Indian chemical industry will grow to US$ 800 billion – US$1 trillion by 2040.

The Connected Chemical Plant and Industry 4.0 is designed to familiarize senior executives in the chemical and petrochemical sector with cutting-edge solutions which empower global leaders to streamline production processes, reduce costs, and meet ESG (environmental, social, and governance) goals. The day-long event focuses on showcasing AVEVA’s suite of digital transformation tools which can revolutionize manufacturing operations, enhance productivity, minimize risks, drive operational excellence, and enhance efficiency across the chemical and petrochemical plants. The topics will be covered through a series of presentations, case studies, and interactive panel discussions, helping participants gain deeper understanding of the practical applications of AVEVA technologies and how they are being leveraged to address today’s industrial challenges.

Schneider Electric is hosting an exclusive webinar to educate the industry about the pivotal role of co-innovation in driving transformation within the chemicals industry. The webinar will discuss about how collaborative innovation can propel operational efficiency, sustainability, and digitalization. It will highlight Schneider Electric's approach to foster co-innovation partnerships. The webinar offers a unique opportunity to explore the potential of co-innovation in reshaping the future of the chemicals sector for the cross-section of the chemical industry. ATTEND this exclusive webinar to have a deeper understanding about the role of co-innovation in propelling the growth of the industry.

The global chemical logistics and supply chain market size is estimated to be valued at around US$ 1.4 trillion in 2021, according to a report by Mordor Intelligence. It is expected to grow at a CAGR of around 6% from 2021 to 2026. In India, the chemical logistics and supply chain market is also experiencing significant growth. According to a report by Grand View Research, the Indian chemical logistics market was valued at approximately US$ 4.85 billion in 2020 and is projected to reach US$ 12.35 billion by 2028, growing at a CAGR of 12.3% from 2021 to 2028.

The Indian chemicals industry is a dynamic and growing sector, adding around 7% to India's GDP and contributes around 15% to manufacturing output. The sector is expected to reach US $304 billion by 2025, fuelled by the rising demand from various end-use sectors such as pharmaceuticals, agrochemicals, FMCG, automobiles, textiles, paints, and plastics.

Navigating the Path to Net-zero in the Chemicals Industry