Total chemical sales are expected to grow from US$139 billion in 2014 to US$214 billion by 2019. Author: ICIS Editorial ... the back of ample supply and sluggish buying momentum in the first quarter of 2019, industry players said. 17 In 2015-16, the Chemical and Chemical Products industry accounted for 2.39% of the GVA, compared to 2.23% in 2014-15. 18 16 The growth is expected to be driven by rising demand in end-use segments for Specialty Chemicals and for petrochemical intermediates. It also examines opportunities for Australian coal and METS companies. Activity over US$1 billion (2010 to 2018) Figure 2. Next, the global playing field is leveling off again, and so potentially shutting off another growth avenue. China’s capacity could not be built fast enough to meet domestic demand, so chemicals had to be imported. That has put those chemical companies in a strong bargaining position relative to customers and suppliers. 11TH ANNUAL INDIA CHEMICAL INDUSTRY OUTLOOK CONFERENCE : 27-28 February 2018 Posted On : 2nd January 2018. Interview with A.T. Kearney Manufacturing 18. 18 The 2019 Coal in India report updates the latest statistics and policy developments underpinning the outlook for India’s coal consumption, production and imports. INDIAN CHEMICAL COUNCIL (ICC), established in 1938, is dedicated to the growth and promotion of the Chemical Industry in India. Indian chemical companies support a sizable and highly diversified industry that includes commodities, specialities, polymers, agrochemicals and a range of other groups. Next, the chemical industry has benefited tremendously from China’s economic growth of the past two decades. The Fine and Speciality Chemicals industry in India represents a $30billion market, which is growing at 10-12% annually – faster than the chemical sector as a whole. Chemicals industry in India is highly diversified, covering more than 80,000 commercial products. Steel is an important metal material in the chemical industry of China. 17 In 2015-16, the Chemical and Chemical Products industry accounted for 2.39% of the GVA, compared to 2.23% in 2014-15. On the trailing twelve months basis gross margin in 4 Q 2019 fell to 22.96 %. In India, chemical industry is expected to follow an accelerated growth path and is expected to double up its global share in the next decade. Posted On : 26th December 2019. Chemical Manufacturing Industry experienced contraction in Gross Profit by -59.17 % and Revenue by -37.42 %, while Gross Margin fell to 19.18 % a new Industry low. Interview with Indian Specialty Chemical Manufacturers Association 15. Impact of the 2019 Coronavirus on the Chemical Industry Via Bloomberg News, impacts from 2019 coronavirus outbreak in China: Chemical Makers in India May Gain From China Virus Lockdown The worsening coronavirus crisis has emerged as a threat to global economic growth. Trends in chemical production 2019–2021 (excluding pharmaceuticals) Real change compared with previous year Presentation of ICC Awards 2018. To achieve this, government is working on a draft chemical policy that will focus on meeting the rising demand for chemicals and reduce imports. In 2016, the annual production of steel of the world is 1621 million tons, of which 804 million tons are produced in China (49.6%), 105 million tons are produced in Japan (6.5%), 89 million tons are produced in India (5.5%), 79 million tons are produced in US (4.9%). Two-day Refresher Course on "Chemical Engineering for Plant Personnel" on 11 - 12 October 2019 at Roha. Chemical production has historically tended to be local—produced in … Posted On : 21st October 2019. It also examines opportunities for Australian coal and METS companies. The Chemical industry in India is expected to grow at 9% per annum to reach $304 Bn by FY 2025.