Chemicals are a vital part of our lives and have applications in everything from clothes to cars. It also plays an important role in improving the national economy.
India’s chemical industry is a huge industry, consisting of a large number of small-scale and large-scale chemical companies. The chemical industry has grown by 13-14% in the past five years. In the current situation, the market share of the chemical companies sector is 34762.732 billion rupees. The scale of India’s chemical industry can be seen from the following facts: at present, the market size of the industry exceeds 115 billion US dollars, and it is expected to exceed 190 billion US dollars by 2018.
India’s chemical industry accounts for more than 3% of GDP. In terms of output, India ranks 12th in the world and 3rd in Asia. India’s chemical sector accounts for 13-14% of global exports. It accounts for 8-9% of the country’s total imports.
India’s chemical industry produces more than 80000 chemicals, accounting for more than 14% of the country’s manufacturing GDP. Therefore, the chemical industry plays an important role in the overall growth index of a country. In this article, we list the five largest chemical companies in India by market value
- Gujarat contains Limited
Part of the enox group, Gujarat fluorination limited, is the next list, founded in 1987. The company has a manufacturing plant in Dahui, Gujarat, which produces caustic soda, chlorine and other chemicals.
The company’s product line includes chemicals, fluoroelastomers and fluorine specialty chemicals. In addition to chemicals, Gujarat fluorochemical Co., Ltd. is a leading producer of refrigerants and has operations in many other countries around the world.
- Vinati Organic Food Co., Ltd
Founded in 1989, vinati organics Limited is a leading chemical company, ranking eighth among the top 10 chemical companies with market value in India in 2017. The company produces polymers, aromatics, monomers and other related products.
Vinati organic Co., Ltd. is a professional chemical company specializing in the production of specialty chemicals and organic intermediates. Linde Group is a world leader in the fields of ISOBUTYLBENZENE (IBB) and 2-acrylamido-2-methylpropane sulfonic acid (ATBS), with operations in 22 countries around the world.
- Tata Chemical Co., Ltd
Tata Chemicals Limited is part of the Tata Group and is the next company on India’s top 10 chemical companies list in 2017, which was established in 1939. Tata Chemical Co., Ltd. is not only a leading chemical company in China, but also has operations in Africa, North America and Europe.
The company has a wide range of products, including chemical products, salt, fertilizer, cement, water purifier, etc. Tata salt, one of the best-selling salt in the country, is a product of Tata Chemical Co., Ltd.
- Solar energy industry India Limited
Indian Solar Energy Industries Limited, with a market value of INR 63.34 billion, ranked fourth among the top 10 chemical companies in India by market value in 2017. Founded in 1995, Indian solar energy industry Limited is a leading manufacturer of chemicals and industrial explosives.
The company’s main products are cartridge, cartridge, detonator, fuze and so on. The company has manufacturing facilities not only in India, but also in Africa.
- Aarti Industries Limited
In 2017, aarti Industries Limited ranked fifth on India’s top ten chemical companies. The chemical company was founded in 1975 and its first product was dipentyl sulfate.
Based in Mumbai, aarti Industries Limited has 16 manufacturing units in India. The company’s main products are rubber chemicals, dyes, pharmaceuticals, pigments and so on. In addition to India, the company also has operations in Europe and the United States.
