The World Chemical Industries Association is holding its World Chemical Conference in Switzerland on May 5-8, and it’s bringing together a host of industries from across the globe.
Among them are some that are inextricably linked to India, such as petrochemicals and fertilizers.
In this exclusive video, we’ve put together the top 10 companies from these sectors that are on the cusp of taking the global stage in Basels industrial complex.1.
PetrochemistsIndia’s petrochemical industry is the largest in the world and one of the largest exporters of chemicals.
It has the world’s largest refining capacity of 1.6 billion tonnes of natural gas and petroleum, making it one of India’s biggest exporters.
It is also one of its largest consumer and consumer goods exporters, with $3.7 trillion in annual exports.2.
Chemicals ManufacturersIndia’s chemical manufacturing industry is in the midst of a renaissance.
The country has become a global powerhouse in the field of chemicals and has been expanding at an impressive rate.
Its manufacturing capacity grew by nearly 20 percent in 2016-17.3.
Pharmaceutical ChemistsThe pharmaceutical industry has been a crucial contributor to the Indian economy for over a century.
Since its inception in the 19th century, the pharmaceutical industry in India has made India one of Asia’s largest and fastest growing economies.
India now accounts for about 50 percent of the world market for generic drugs, accounting for about 90 percent of all generic drugs sold in India.4.
BiotechnologyIndian biotech is the second largest player in the global pharmaceutical market.
Biotech companies account for about 15 percent of global pharmaceutical sales and make up almost a quarter of all biotech companies worldwide.
India has an excellent biotechnology market, with a market capitalization of $20 billion, with more than 30,000 biotech companies.5.
Agricultural ChemistsIndia is a major agrochemical exporter.
It produces almost 50 percent in India and exports to more than 60 countries.
This is a country with an estimated $10 trillion in agriculture-related exports.6.
Food Processing ChemistsIndian food processing companies make up about 15 to 20 percent of India ‘s total food processing market.
This sector contributes about $2 trillion in revenue.7.
Food Packaging ChemistsFood packaging companies are an important contributor to India’s food industry.
They make up between 10 to 20 per cent of the overall food packaging industry.8.
Medical ChemistsChemists and medical engineers are the three most influential professions in India, with about 10 to 15 per cent in India being medical professionals.9.
Electronics TechniciansThe electronics industry is one of three sectors that comprise India’s $30 trillion industry.
Its market cap has more than doubled from $5 trillion in 2004 to $8 trillion in 2016.10.
Manufacturing ChemistsIn India, manufacturing is the third largest sector, accounting to around 20 to 25 per cent.
This industry contributes around $6 trillion to the economy, with most of its growth coming from electronics, telecom and IT.