Member type: ICCA observer + RCLG

Chemical industry
India’s fast-growing chemical industry was ranked 12th in the world in 2007 and is the 3rd largest in Asia. Turnover for 2008 is around US$65 billion including the pharmaceutical sector. It has registered cumulative average growth of 12%. By 2012, the market is expected to be worth US$100 billion.   

The industry has evolved from being a basic chemical producer to include specialty and fine chemical products. Production by value is split 57% basic chemicals; 26% specialty and fine chemicals; and 17% ‘knowledge’ chemicals.  India is emerging as a world leader in chemicals research.

The fine chemicals sector is valued at US$17.2 billion with growth forecast at 15%, double the global growth rate. The Indian pharmaceutical market is the fastest growing market in the world. It is 8th in terms of volume and 13th in terms of value.  The agro sector is the 4th largest after the USA, Japan and China.  It is second largest producer of pesticides in Asia.

National association
The Indian Chemical Council (formerly Indian Chemical Manufacturers Association) represents all segments of the chemical industry such as fertilisers, crop protection chemicals, dyes, pharmaceuticals, paints, inorganic and organic chemicals, specialty chemicals, petrochemicals etc. It has been in existence for more than 60 years.
 
ICC has around 300 members throughout the country, with 60% from the Western Region. ICC has offices in Mumbai, New Delhi, Kolkata and Chennai.