India Inorganic Chemicals Market Size Likely to Reach at a CAGR of 5.8% By 2033

As per the current market research conducted by the CMI Team, the India Inorganic Chemicals Market size is expected to record a CAGR of 5.8% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 44,603.3 Million. By 2033, the valuation is anticipated to reach USD 74,086.3 Million.

India Inorganic Chemicals Market: Growth Factors and Dynamics

• Industrial Growth: The expansion of key industries such as construction, automotive, and electronics drives the demand for inorganic chemicals used in various applications like cement production, automotive coatings, and electronic components manufacturing.

• Infrastructure Development: Government initiatives focusing on infrastructure development, such as Smart Cities Mission and Housing for All, stimulate demand for inorganic chemicals like cement, paints, and steel for construction activities.

• Agricultural Sector: The agriculture sector’s reliance on fertilizers and pesticides, which are predominantly inorganic chemicals, for enhancing crop yield and quality fuels market growth.

• Rising Urbanization: Urbanization leads to increased demand for inorganic chemicals in infrastructure development, consumer goods manufacturing, and water treatment applications, driving market growth.

• Technological Advancements: Continuous advancements in manufacturing processes and technologies enhance the quality and efficiency of inorganic chemical production, fostering market growth and competitiveness.

• Global Trade: India’s participation in global trade agreements and export-oriented manufacturing policies facilitates the export of inorganic chemicals, contributing to market expansion and revenue growth for domestic manufacturers.

• Investment in Research and Development: Increased investment in research and development activities by both government and private entities fosters innovation in the production and application of inorganic chemicals, driving market growth through the development of advanced materials and processes.

• Environmental Regulations and Sustainability: Stringent environmental regulations and growing consumer awareness drive the adoption of eco-friendly and sustainable inorganic chemical solutions, leading to the development and market penetration of green technologies and products, thus shaping the dynamics of the inorganic chemicals market in India.

• Population Growth and Urbanization: The rapid growth of the population and urbanization trends in India result in increased demand for inorganic chemicals in various sectors such as construction, manufacturing, and infrastructure development, thereby driving market growth. This demographic shift creates a significant market opportunity for inorganic chemical manufacturers to cater to the evolving needs of urban consumers and industries.

India Inorganic Chemicals Market: Partnership and Acquisitions

• In 2023, BRB International BV introduced Akasil Antifoam XP 20, an alkali-stable silicone antifoam with 20% active content, designed for efficacy in high-alkaline environments. This high-performance emulsion offers superior antifoaming performance in metalworking fluids and gas-sweetening processes, remaining stable in high-shear conditions.

• In 2022, The WeylChem Group acquired INEOS Sulphur Chemicals Spain S.L.U. from INEOS Enterprises, reinforcing its position in advanced intermediates and reagents. This undisclosed acquisition underscores WeylChem’s commitment to leveraging manufacturing expertise and technical reliability.

Report Scope

India Inorganic Chemicals Market: COVID-19 Analysis

The COVID-19 pandemic has significantly impacted the India Inorganic Chemicals Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:

• Supply Chain Disruptions: The lockdowns and restrictions imposed to curb the spread of COVID-19 disrupted the supply chains of raw materials and finished products, leading to production delays and shortages in the inorganic chemicals market.

• Decline in Demand: Economic uncertainties and reduced industrial activities during the pandemic resulted in a decline in demand for inorganic chemicals from sectors such as construction, automotive, and manufacturing, impacting market growth.

• Resumption of Operations: With the easing of lockdown measures, inorganic chemicals manufacturers resumed operations, ensuring compliance with safety protocols to maintain continuity in production and supply.

• Government Stimulus Packages: Government stimulus packages and economic revival measures aimed at boosting industrial activities and infrastructure development helped stimulate demand for inorganic chemicals, supporting market recovery.

• Focus on Infrastructure Development: Continued government emphasis on infrastructure development projects such as housing, roads, and urban infrastructure created demand for inorganic chemicals like cement and steel, driving market recovery.

• Adoption of Digital Technologies: The adoption of digital technologies and automation in manufacturing processes improved operational efficiency, reduced production costs, and enhanced competitiveness, aiding the recovery of the inorganic chemicals market.

• Export Opportunities: Leveraging export opportunities and diversification of export markets helped inorganic chemicals manufacturers mitigate the impact of reduced domestic demand and capitalize on global market recovery trends, thereby facilitating the overall recovery of the market.

• Investment in Innovation and Sustainability: Increased investment in research and development to innovate new products and processes, focusing on sustainability and environmental compliance, helped inorganic chemicals manufacturers adapt to changing market dynamics and meet evolving consumer preferences, contributing to market recovery.

• Supply Chain Optimization: In response to supply chain disruptions experienced during the pandemic, manufacturers implemented strategies to optimize supply chains, including diversification of suppliers, inventory management, and digitalization, ensuring resilience and stability in the face of future disruptions, thus facilitating the recovery of the inorganic chemicals market.

In conclusion, the COVID-19 pandemic has had a mixed impact on the India Inorganic Chemicals Market, with some challenges and opportunities arising from the pandemic.

List of the prominent players in the India Inorganic Chemicals Market:

• Tata Chemicals Limited
• Gujarat Alkalies and Chemicals Limited
• Grasim Industries Limited
• Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC)
• Indian Farmers Fertiliser Cooperative Limited (IFFCO)
• National Fertilizers Limited (NFL)
• Deepak Fertilisers and Petrochemicals Corporation Limited (DFPCL)
• Rashtriya Chemicals & Fertilizers Ltd (RCF)
• Chemplast Sanmar Limited
• Paradeep Phosphates Limited
• Solar Industries India Limited
• Deepak Nitrite Limited
• Gujarat State Fertilizers & Chemicals Limited (GSFC)
• Gujarat State Fertilizer Corporation (GSFC)
• Indo Gulf Fertilisers Limited
• Others

The India Inorganic Chemicals Market is segmented as follows:

By Type of Chemical Compound

• Acids
• Bases
• Salts
• Oxides
• Others

By Production Process

• Solids
• Liquids
• Gases
• Others

By Application

• Water Treatment
• Fertilizers & Agrochemicals
• Catalysts & Chemical Synthesis
• Construction Materials
• Industrial Processing
• Electronics Manufacturing
• Others

By End-Use Industry

• Chemicals & Petrochemicals
• Construction & Infrastructure
• Agriculture
• Electronics
• Automotive
• Pharmaceuticals
• Others