Chemical News and Updates

For most chemical business owners, selling excess chemical stock can be an Everest challenge. Especially when we consider the volatility in chemical prices, unsold excess stock can strongly impact business revenue and profit margins. While in the past, chemical business owners were limited in their capacity to reach out to new potential chemical vendors and buyers. The same is not the case in the digital age where online B2B chemical marketplaces have broken the barriers of space and time to offer a real-time omni-channel eCommerce experience. Here are some key benefits of joining an online chemical marketplace: 1. Find Instant-Buyers Whether current stock or previously unsold but ready stock, an online B2B marketplace is perfect to explore, find and connect with new buyers, vendors and companies instantly. These platforms have dedicated pages for buyers to post their requirements. You can post your quotations to these inquiries and sell your chemicals faster than ever be...

In what was pitted as a ‘Do or Die’ budget, Nirmala Sitharaman, the Honorable Finance Minister of India, had her task cut out from the very beginning. While most sectors were hopeful of a budget that would accelerate demand in domestic consumption, the same was not the case with the chemical industry in India . This is because the Indian chemical industry unlike other sectors of the economy has performed well despite the economic slowdown. But yet industry leaders were hopeful of a budget that would further strengthen its stronghold in the domestic and international landscape.  Let’s look at some of the key takeaways or the Indian chemical industry from budget 2020: 1. Higher Customs Duty on Import Chemicals Custom duty on industrial chemicals will increase the post-budget announcement. The move is aimed to curb the import of chemicals from China. If you have been importing industrial chemicals, you can  now do so using an online  b2b platform fo...

With a 3.4% share in the global chemical industry, India’s chemical sector has been a catalyst for its economic growth over the last decade. It is the seventh-largest producer of chemicals in the world. It is expected to become one of the leading global suppliers of chemicals over the next decade. And perhaps no other city would play a more important role in India’s leap towards global chemical dominance as Bharuch, the port city located on the banks of river Narmada in Gujarat. The city is host to some of the biggest names from the chemical industry in India and is rightfully called India’s chemical capital.  Here are 5 facts about India’s chemical capital Bharuch that you did not know: 1. 2nd Oldest City of India Bharuch is over 8000 years old. It happens to be the oldest city of Gujarat and the 2nd oldest city in India after Varanasi. 2. Always A Trade Capital Being a port city, Bharuch has been witness to trade and commerce since its very inception. It ...

The European Union was established on November 1, 1993, Maastricht, the Netherlands and one of the primary pillars of the EU economy is its chemical industry. While its global competitiveness has taken a backseat in recent years against emerging chemical leaders like India and China, favorable CETA and the EU-Japan Economic Partnership Agreement are expected to boost trade activity in upcoming years. Here are 5 must-know facts about the EU chemical industry. 1. EU Global Chemical Market Share Is Falling The European Union was established on November 1, 1993, Maastricht, the Netherlands and one of the primary pillars of the EU economy is its chemical industry. While its global competitiveness has taken a backseat in recent years against emerging chemical leaders like India and China, favorable CETA and the EU-Japan Economic Partnership Agreement are expected to boost trade activity in upcoming years. Here are 5 must-know facts about the EU chemical industry. In 1998, the EU sh...

Creating efficient supply chains is one of the major challenges that all participants in the process industry have to face. This is particularly evident in the chemical industry where globalization, fluctuating prices, the emergence of new markets, and technological advancements contribute towards a dynamic business environment. While there is no doubt that the chemical industry in India is at the threshold of a strong growth curve, its true potential can only be realized with strong supply chain networks. In this blog, we look at 5 ways to optimize chemical supply chains. 1. Better Demand Forecasting Demand forecasting is at the core of efficient supply chain management. There are multiple benefits of demand forecasting on the supply chain including: ●          Accurate market alignment. ●        Reduced stockouts. ●        Shortened delivery time. ●   ...

The top destinations for India’s organic chemicals include the USA, China, and Germany. These countries alone account for nearly 40% of India’s organic chemical export. India’s export share in these markets has witnessed a steady double-digit growth rate in the last decade. However, chemical market data shows, Saudi Arabia, with an   AAGR of 58.7 % during 2005-09, is fast becoming one of the major importers of Indian organic chemicals. China is the only major global importer that remains underserved by Indian chemical suppliers. What Are India’s Top-5 Organic Chemical Export? India’s top-performing export products in the organic chemical sector include cyclic hydrocarbons, heterocyclic compounds, monocarboxylic acids, other nitrogen-function compounds, and oxygen-function amino-compound. 1. Cyclic Hydrocarbons Cyclic hydrocarbon is by far the biggest export item among organic chemicals. In 2017, India exported 1..7 million metric tonnes of cyclic hydrocarbons. Major...

The rapid advancement in industry 4.0 technologies like IoT, ML, etc has forced most industries to give technology adoption a top priority in the present and future business roadmap. The chemical industry in India  is not an exception. It is witnessing a strong wave of digitization which will bring radical changes in the way industry has been traditionally functioning. In this article, we share three technology trends that would have a major impact on the global chemical industry in the upcoming decades. 1. IoT: IoT is an abbreviation for the Internet of Things. It is a network of devices that can communicate with each other using the internet. IoT is viewed as a true game-changer for the chemical industry. IoT will enable chemical players to collect valuable data from multiple components of the supply chain. By analyzing these data, chemical businesses would be able to introduce greater operational and functional efficiencies across the supply chain. 2. Block...

Chemical storage remains a consistent challenge for chemical manufacturers, suppliers, and buyers. Further, risk factors multiply by manifold in case of incompatible or toxic chemicals. However, with a secure and safe storage solution, chemical players can not only avoid unforeseen business loss but also ensure workforce safety in manufacturing centers, warehouses, transport & logistics, etc. As per  chemical industry experts , most of the incidents related to chemical storage are the result of neglecting factors like compatibility, ignition sources, breathing zones proximity, etc. In this blog, we share some important chemical handling techniques which promise efficiency and safety in chemical storage. 1. Proper Ventilation The storage room or cabinets must have efficient ventilation. It must facilitate easy air exchange so that unsafe or toxic chemical vapors do not build up over time. However, ventilation needs vary depending on the nature and properties of ...

Perhaps no other thing has boosted global chemical trade in the past few decades as much as Containers have. Easy to move and load, containers are integral to the timely and safe delivery of chemicals from the remotest of production centers to the bustling consumption centers. Import-export of chemicals relies essentially on the contamination-free transfer of chemicals. Without containers, international trade and commerce that we know today would not have been a possibility. However, one question that has long perturbed chemical suppliers is whether to use metal or plastic containers to supply chemicals. The answer, though, is not as simple as it may appear. There are several variables that chemical suppliers must take into account before choosing the right containers for their supplies. In this blog, we compare metal with plastic containers and offer readers an informed view of the advantages and benefits of one over the other. Chemical Storing Challenges Chemicals, unli...

Indeed, in the recent past, the chemical industry has shown continuous growth with increased shipping in international markets. The demand for chemicals is expected to grow further at 9% pa over the next five years. Drawing on this trend, chemical distributors in India may expect an increased ROI in the coming years. India is currently the sixth largest producer of chemicals in the world, and the industry is projected to reach $304 bn by 2025. Basic chemicals and related products fertilisers, varnishes, pharmaceuticals, etc., constitute a significant part of the Indian economy. Major new capacity is expected in the near future in base chemicals. Despite the positive signals, some concerns still stand and are gaining strength. With respect to the overall economic picture, the situation of the industry appears to be unhealthy. The chemical companies have to maintain their competitiveness in the world that is becoming globalised and digitalised. The onus is on the chemical...