Bengaluru, June 25 -- India ranks as the 6th largest chemical producer globally and holds the 3rd position in Asia, contributing ~7 percent to the nation's GDP. The Indian chemical industry is currently valued at around $220 billion and is projected to grow to $300 billion by 2030 and $1 trillion by 2040.

On the global stage, India is the fourth-largest producer of agrochemicals, following the US, Japan, and China. The country also contributes about 16-18 percent to the world's production of dyestuffs and dye intermediates. India's colourants industry has established itself as a significant global player, holding an estimated 15 percent share of the international market.

By 2025, the Indian chemicals and petrochemicals sector is expecte...