Gujarat has been playing a crucial role in the country's overall Chemical production. Various reports suggest that Gujarat currently contributes around 35 per cent to the national output of Chemicals and aims to become a hub for Specialty Chemicals. It has over 55 per cent share of India’s Petrochemical production and 45 per cent of Pharmaceutical production. The state accounts for approximately 75 percent of the production of dyes and intermediates. The state has significant manufacturing capabilities with numerous industrial clusters and parks dedicated to chemical production.

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

With India aiming to expand chemical industry market size to US $2 Trillion by 2047, Indian Chemical News, the most credible digital media platform for Chemicals, Petrochemicals and allied sectors, brings the Fourth Edition of ‘The most sought-after calendar event of the year,’ for the industry: The NextGen Chemicals & Petrochemicals Summit 2024. The theme of this year’s summit is "Transforming India into a Global Manufacturing Hub.” The event is scheduled on July 11-12, 2024 at the Novotel Mumbai International Airport, Mumbai.

The chemical supply chain landscape has undergone unprecedented challenges in recent years, marked by new levels of complexity, disruptions, and pressure to meet customer demands. The specialty chemicals industry faces the unique challenge of producing lower volumes of high-value products with specific requirements especially in the area of supply chain management.