How Chemical Companies Facilitate Growth Of Indian Chemical Industry?

How Chemical Companies Facilitate Growth Of Indian Chemical Industry?

The Indian chemical industry lays the basics of the industrial and agricultural development of the nation. The basic requirements of our daily life are met by the commodities manufactured using chemicals as the initial raw material. The top 10 chemical companies in India 2021 within the Indian chemical industry have improved the standard of our living to a great extent. From agriculture to hygiene, food, medicine, and also transportation, the chemical industry has attained every aspect of our life. It has boosted the economic success of the nation to a great extent.

Indian Chemical Industry: Top 10 Companies In India

The chemical sector of India constitutes a massive part of the Indian industries. There are many small and large scale chemical companies in India that produce more than 80,000 commercial products. Manufacturing of a wide range of chemicals that cover fertilizers, agrochemicals, specialty chemicals, polymers, petrochemicals, as well as bulk chemicals occurs in this Indian chemical industry. 

The top chemical companies in India 2021 are predicted to attain 304 billion USD with a nearly 9% p.a rise in demand for chemical products by the upcoming 5 years. With the top Indian chemical industry working diligently, India is at the 14th position in export and in the 8th position in the import of chemicals across the globe. In this article, we will aim at the top 10 chemical companies in India that have transformed the ways of operations remarkably. 

1. PIDILITE INDUSTRIES LTD.

Market cap: 79206.56 Cr INR

Pidilite is at the top in the Indian chemical industry according to the market capitalization. This company was founded in 1959 by Balvant Parekh with its Mumbai based headquarters. They are the manufacturers of Adhesives, construction, and industrial chemicals. This company is presently owned by Madhukar Parekh. It is renowned for this Fevicol product. The other famous brands that this company holds are Fevikwick, DR.Fixit, Hobby Ideas, etc.

2. TATA CHEMICALS LIMITED

Market cap: 19,460.83 Cr INR

Tata Chemicals is a subsidiary of the Tata Group of Companies and is the second largest company in the Indian chemical industry.  The company has its headquarters in Mumbai and it was founded by J.R.D. Tata in 1939. This company is established in India, but it operates across North America, Europe, and Africa.

It is popular for the manufacturing of a variety of products that include nitrogenous and phosphatic fertilizers, cement, salt, chemicals, and also crop nutrients. One of the most famous products of this company is “Tata Salt”.

3. UPL

Market cap: 41,483.85 Cr INR

UPL is among the top companies in the Indian chemical industry that was established in 1969 having a Mumbai based headquarter. The product of this company ranges from agrochemicals to industrial chemicals like pesticides, fungicides, and herbicides. This company wishes to enhance the agricultural development of the country. UPL offers cost effective crop protection solutions to farmers which help them to improve the productivity of the firm.

4. SOLAR INDUSTRIES INDIA LIMITED

Market cap: 11,607.61 Cr INR

Solar Industries was founded by Shri SatyanarayanNandlalNuwal Group in 1995. It has its headquarters in Nagpur and is the leading chemical company. Solar Industries has its presence in over 40 countries across the globe. They have their units in India and also in Africa. They are popular for their manufacturing of industrial explosives. From coast boosters to detonators, Solar Industries is the biggest cartridge manufacturing company in the globe.

5. GUJARAT FLUOROCHEMICALS LTD.

Market cap: 6,539.37 Cr INR

Gujarat Fluorochemicals Limited is a subsidiary of INOX Group that was incorporated in the year 1987. This company is one of the biggest chloromethanes, polytetrafluoroethylene, and refrigerant manufacturers. They have their headquarters in Uttar Pradesh. Along with these they also produce chlorine, caustic soda, and other specialty chemicals.

6. AARTI INDUSTRIES LTD.

Market cap: 17,222.21 Cr INR

Aarti Industries Limited is a company in the Indian chemical industry that was established in 1975. They have their headquarters in Mumbai. This company operates with 16 manufacturing units all over India and is best known for its production of dimethyl sulfate. They offer a range of products that includes dyes, pigments, rubber chemicals, and pharmaceuticals. 

7. BASF INDIA

Market cap: 4,248.70 Cr INR

BASF India is the Indian subsidiary of BASF, which is a German Multinational chemical company. This was established in 1865 and BASF India accounts for the leading position in the Indian chemical industry. The company is presently functioned by its chairperson Jurgen Hambrecht. With the parent company, which is located in Ludwigshafen, Germany, BASF India provides a whole range of products including coatings, crop solutions, chemicals, plastics, crude oils, and natural gas.

8. LINDE INDIA LIMITED

Market cap: 6,191.21 Cr INR

Linde India is also a subsidiary of a German Multinational company Linde that specializes in the manufacturing of chemicals. It was established in 1897 by Carl Von Linde and has its headquarters in Munich. It is among the biggest industrial gas companies in the world. They have their Indian headquarter located in Kolkata and are responsible for the supply of gases and mixtures in huge quantities.

9. GUJARAT ALKALIES AND CHEMICALS LIMITED

Market cap: 2,633.45 Cr INR

Gujarat Alkalies and Chemicals Limited (GACL) is among the government chemical companies in India that were established in the year 1973 in Ahmedabad. The integrated manufacturing facilities that this company offers, produce an array of chemicals such as Caustic Soda, Hydrochloric Acid, Chlorine, Phosphoric Acid, Hydrogen Peroxide, Chloromethanes, and many more.

10. GHCL

Market cap: 1,773.73 Cr INR

Gujarat Heavy Chemicals Limited (GHCL) is a chemical company that is owned by the Dalmia Group. It was founded in 1983. The company has a strong hold in the chemical market with its products distributed across India and abroad. The main aim of the entity is to produce soda ash, which is the base material for Detergents and Glass Industries.

Conclusion

In the last few years, the Indian chemical industry has grown rapidly. It continues to serve the industrial as well as the agricultural sector. There are many small and large scale chemical companies in India that produce more than 80,000 commercial products. And it is predicted that the growth in the chemical industry in India will increase in the upcoming years. 

The above is a list of chemical companies in India based on their market cap. They can also be considered as the top 10 chemical stocks in India as these companies will prosper further in the coming future.

Frequently Asked Question On Indian Chemical Industry

How many chemical industries are in India?

The chemical sector of India constitutes a massive part of the Indian industries. There are many small and large scale chemical companies in India that produce more than 80,000 commercial products.

Which is the largest chemical company in India?

The largest chemical company in India is Pidilite Industries. It is at the top of the Indian chemical industry according to the market capitalization. They are the manufacturers of Adhesives, construction, and industrial chemicals. This company is presently owned by Madhukar Parekh. It is renowned for this Fevicol product.

What is the future of the chemical industry in India?

The government of India recognizes the chemical industry as a key growth factor and is forecast to increase the share of the chemical industry to ~25% of the GDP in the manufacturing sector by the end of 2025.

Why is the chemical industry growing?

The Indian chemical industry has been fueled by increasing domestic demand and a strong rise in exports.

Yaseer Rashid

Yaseer Rashid got a degree in Journalism and worked as a freelancer. Later he joined News Magnify as a Business and stock writer.

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