The chemical industry is one of the oldest domestic industries in India, contributing significantly to both the industrial and economic growth of the country since it achieved independence in 1947. This industry currently produces nearly 70,000 commercial products, ranging from cosmetics and toiletries, to plastics and pesticides.

The Indian agrochemical, petrochemical, and pharmaceutical industries are some of the fastest growing sectors in the economy. With an estimated worth of $28 billion, it accounts for 13 percent of the country's total industrial production and 16.2 percent of the total exports from the Indian manufacturing sector.

With a special focus on modernization, the Indian government took an active role in promoting and advancing the domestic chemical industry. The Department of Chemicals & Petro-Chemicals, which has been part of the Ministry of Chemicals and Fertilizers since 1991.

According to a report, "the strengthening of the green movement and the growing protests against environmental pollution in many Western countries provide an opportunity to India to emerge as a prominent player in the global dye market”.

Concerns Key Success Factors
1. Focus on exports as supply will exceed demand
2. Building world size plants using latest technology to achieve economies of scale
3. Per capita consumption is one of the lowest in the world and therefore focus on achieving this unfulfilled demand
4. Gap in demand & supply of synthetic rubber and detergents which needs to be addressed.

Chemical Industry - Global Trends

Global chemical production growth (excluding pharmaceuticals) slowed down considerably since the start of the year. Global growth in 2005 was only 2.7% compared with 4.7% in the previous year. High energy costs affected the chemical industry and its customer sectors.

In Europe, chemical production grew by 0.8% in 2005. When compared internationally, growth was slight, mainly because of lower domestic demand, in particular from industry. Foreign trade was also weaker than in the previous year. Only Germany reported surprisingly strong growth in chemical production of 4% in 2005. This was principally due to exports and solid industrial growth.

Shanti Chemical Works is a partnership firm with a commitment to manufacture and supply Best Quality Sodium Silicate and Potassium Silicate as per customers’ specifications. The firm believes in Total Customer Satisfaction and works towards achieving it. For more information, visit us at: http://www.shantichem.com