Introduction

The Indian chemicals industry is a dynamic and growing sector, adding around 7% to India’s GDP and contributes around 15% to manufacturing output. The sector is expected to reach US $1 Trillion by 2040, fuelled by the rising demand from various end-use sectors such as pharmaceuticals, agrochemicals, FMCG, automobiles, textiles, paints, and plastics. The Indian Chemicals and Petrochemicals industry has to play a key role if India needs to achieve its ambitious US $10 trillion economy goal by 2030.

Supporting India’s vision to become self-reliant in chemicals and petrochemicals sectors, Indian Chemical News, the most credible digital media platform for Chemicals, Petrochemicals, and Energy sectors, brings the Fifth Edition of ‘The most sought-after calendar event of the year,’ for the industry: The NextGen Chemicals & Petrochemicals Summit 2025. The theme of this year’s summit is “Preparing for Future Growth.” The event is scheduled on June 18-19, 2025 at The Leela, Mumbai.

One of the premier Indian chemicals events of the year, NextGen Chemicals & Petrochemicals Summit, showcases a stellar lineup of chemical leaders and experts sharing insights, success stories and formulas for successes in order to prepare the industry to achieve its desired goal.

The NextGen Chemicals & Petrochemicals Summit is an ultimate learning experience of industry’s best practices, unrivalled ideas, motivation, resolve, and much more.

The Summit will be an industry driven deliberation that will endeavour to bring out the most meaningful and business enabling dialogue and help develop a comprehensive review of India’s Chemicals & Petrochemicals sectors. Topics covered at the Summit include Market Trends, Specialty Chemicals, Petrochemicals, Advanced Materials, Flavours & Fragrances, Crop Nutrition, Digital Transformation, Alternative Feedstocks, Energy Transition, Green Chemicals, Investments, Mergers & Acquisitions, Battery, Research & Development, Green Hydrogen, Construction Chemicals, and Sustainability amongst others.

The two-day summit will cover various panel discussions, presentations, fireside chat, and Expo to provide a focused and comprehensive scenario of the industry. It will also provide opportunities for the delegates to exchange ideas, network, and establish business or research relations and potential partners for future collaboration.

Overview

The Indian chemical industry has a broad portfolio and this diversity allows it to cater to various global markets and sectors. The market is growing due to urbanization, industrialization, and rising consumption, providing a stable base for production and fosters economies of scale. India is in an advantageous position due to access to a relatively low-cost labour force and a range of native raw materials, contributing to competitive pricing in certain segments, particularly in Basic and Specialty Chemicals. Moreover, Government’s policies such as Make in India, Atmanirbhar Bharat, Chemical Policy, PCPIR and export incentives bolster the growth of the chemical sector.

However, the Indian chemical industry has also been facing various challenges that hinders growth. The industry faces stiff competition from established markets such as China, Europe, and the US, which have advanced technologies and higher production capacities.

While infrastructure improvements are underway, challenges related to transportation, logistics, and energy supply are affecting efficiency and cost competitiveness. Hence, building resilient supply chains and improving logistics infrastructure can enhance operational efficiency and lower costs.

Sustainability is another important issue where India needs to up its ante. As global standards for environmental sustainability become stricter, Indian companies may face challenges in meeting these regulations. Embracing sustainable practices and green chemistry will position Indian companies as responsible suppliers in the global marketplace. Also, increasing investment in R&D can lead to innovation, allowing Indian companies to move up the value chain and improve product offerings.

Moreover, investing in digital technologies can optimize production processes, minimize costs, and enhance customer interaction, ultimately improving competitiveness. Also, collaborating with global firms and leveraging foreign direct investment can bring in advanced technologies and expertise, enhancing competitiveness.

Overall, the Indian chemical industry possesses multiple strengths that position it favorably in the global market. By addressing existing challenges, investing in innovation, and focusing on sustainable practices, it can further enhance its competitiveness and expand its global market share.

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