India’s chemicals sector eyes $1 trillion growth by 2040 as investment and manufacturing expand

Agri Inputs

New Delhi: India’s chemicals and petrochemicals industry is positioning itself for a larger role in global manufacturing, backed by rising production, fresh investment, dedicated industrial clusters and expanding research capabilities. Valued at around USD 220 billion, the sector is projected to reach USD 300 billion by 2030 and USD 1 trillion by 2040. India is currently the world’s sixth-largest producer of chemicals and the fourth-largest in Asia. It is also the second-largest manufacturer and exporter of dyes and the third-largest exporter of agrochemicals globally. The industry supports a wide range of sectors, including pharmaceuticals, agriculture, textiles, construction, automobiles, electronics and consumer goods. Its manufacturing base comprises approximately 13,000 large-scale units and 4.45 lakh micro, small and medium enterprises (MSMEs). The expansion of the sector is being supported by investment in manufacturing infrastructure, specialised chemical parks, research and development, technical education and quality standards. The 14th edition of India Chem was held in Mumbai from October 22 to 24, 2026, under the theme “Advantage Bharat: An Emerging Global Chemicals Hub”. The three-day event attracted more than 5,000 visitors and brought together industry leaders and businesses through country forums, a CEO Forum and sector-specific roundtables. The exhibition showcased technologies, equipment and investment...