India’s chemical sector is a key component of the Indian economy, accounting for 7% of the country’s GDP. The relevance of several sectors has been highlighted in recent years due to quicker expansion. One such business is the chemical industry, which is rapidly expanding in India. This industry is a primary focus of many other industries, including agriculture, pharmaceuticals, food processing, and many more.
According to Crisil, the Indian speciality chemicals industry’s worldwide market share is predicted to increase to 6% by 2026 from 3-4% in fiscal 2021. As a result of this insight, chemical stocks have become one of the most appealing investment possibilities in the stock market. So if you’re an investor in this sector it becomes crucial for you to understand a few things about the top chemical companies in India.
India’s chemical industry is the sixth largest in the world and the third largest in Asia. There are three basic groups of enterprises in the industry: multinational, Indian, including public sector companies, and small sector units. There are around 125 technical-grade pesticide producers in the country.