The market is dominated by foreign suppliers, as imports account for 50.4% of total market size in 2023. B2B drives market demand, with B2B spending representing 100.0% of total demand in 2023. India has the second largest market size for basic chemicals regionally, with demand reaching USD84.6 billion in 2023. Rahul Barium Chemicals Pvt Ltd is the largest company in India, generating 6.1% of the industry’s total production value in 2023. The industry is fragmented, with the top five companies generating 18.0% of total production value in 2023. The total number of companies decreases in 2023, to 139,578 units. The costs of the industry increase by 1.8% in 2023, largely driven by rising B2B costs. The industry’s profitability increases and stands at 10.9% of production value in 2023, the 12th highest regionally. The industry’s exports share decreases in 2023 to 40.4% of total production output. With production value of USD42.6 billion, India accounts for 5.4% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Basic Chemicals in India: ISIC 2411. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Basic Chemicals in India: ISIC 2411 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of basic chemicals, fertilisers and nitrogen compounds, man-made fibers, paints and varnishes, pesticides and other agro-chemical products, photochemicals, explosives and other chemicals, plastic in primary forms and synthetic rubber.
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