Top 5 Companies in India by Net Sales from Diversified Chemicals Sector (Feb 2024 update)

India’s Chemicals & Petrochemicals market is estimated to be worth $215 billion, and it is projected to reach $300 billion by 2025.

Chemical and chemical product exports made up 11.7% of total exports in 2021–22 as opposed to 12.9% in 2020–21 (fertilizer and pharmaceutical products excluded). Up until September 2022, its share of the total export in 2022–2023 was 10.8%.

Between 2017–18 and 2021–22, the compound annual growth rate (CAGR) for the export of all chemicals and chemical products (apart from pharmaceutical and fertilizer products) was 13.86%, compared to 12.62% for all national exports.

For manufactured products based on WPI, the compound annual growth rate (CAGR) from 2017–18 to 2021–22 was 4.4%, whereas for chemicals and chemical products, it was 4.4%.

In July 2022, the Index of Industrial Production of Chemicals and Chemical Products reached a new high of 137.2, surpassing its lowest recorded value of 109.1 in May 2021.

Major Chemical production dropped from 54.32 lakh tons during the same period the previous year to 53.54 lakh tons in 2023–24 (up to August 2023) in 2023–24.
In 2023–2024, 34.07 lakh tons of certain petrochemicals, like synthetic detergent intermediates, were produced (as of August 2023)

List of Top 5 Diversified Chemicals in India (BSE) based on Net Sales.

Company Name Net Sales (Rs. cr)
Pidilite Ind 10,597.07
Godrej Ind 4,487.96
Galaxy Surfacta 3,159.26
Nikhil Adhesive 743.46
Aarti Surfactan 601.29
Source: BSE, India, last updated 27 February, 2024

This news is a creative derivative product from articles published in famous peer-reviewed journals and Govt reports:

1. Raghavan, R., & Joshi, J. B. (2018). India’s expanding chemical industry. Chemical Engineering Progress114(12), 49-56.
2. Biswas, P. K., Banerjee, P., Choudhury, M. A., & Kukreja, M. P. Industry Structure and the Pattern of Innovation: Chemical Industry of India, 2000 to 2010.

Disclaimer: This news is for information and research purposes only. It is not intended for financial advice.

Declaration of competing interest: Publisher and owner of this web-portal hereby declare that there is no competing interest.

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