India Organic Chemical Industry Outlook to 2019 - Driven by Consumer Preferences and Integrated Production of Chemicals

• Future Growth of Organic Chemicals is expected to be led by using alternative feedstock to gas and coal and setting of new PCPIRs.

• The market leader in the Methanol market, Gujarat Narmada Fertilizers and Chemicals is expected to maintain focus on Emerging Markets and upgraded technology to compete with other players in the industry

Ken Research announced its latest publication on “India Organic Chemical Market Outlook to 2019” provides a comprehensive analysis of the organic chemicals in India. The report covers various aspects such as market size of organic chemical market, segmentation on the basis of methanol and phenol and exports and imports of organic chemicals. The report is useful for chemical manufacturers, chemical machinery manufacturers and new players venturing in the market.

The organic chemical market in the India has witnessed a growth in recent years on account of rising demand for organic chemicals fueled by end user industries such as automobile and construction sector. The surge in growth is majorly originated from introduction of new applications of methanol and phenol and increase in the FDI in the chemical sector. The growth in this segment has been largely led by the domestic factors such as increase in the demand from industrial and pharmaceutical sectors as well as increasing personal disposable income. The methanol market in India is comprised of large companies such as Gujarat Narmada Fertilizers and Chemicals, Rashtriya Chemicals and Fertilizers Limited, Deepak Fertilizers and Petrochemicals Corporation, Assam Petrochemicals and Gujarat State Fertilizers Chemicals which posses a large product portfolio of organic chemicals. The phenol market in India is comprised of major two players which are Hindustan Organic Chemical Limited and SI group. The India organic chemical market has grown at a CAGR of 3.8% in terms of production volume from FY’2009-FY’2014 whereas the consumption has increased from ~TMT in FY’2009 to ~TMT in...