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...

The chemical industry is in the middle of a transition phase where Asia has emerged as the new global supply center. While this offers a sea of opportunity for emerging markets like India and the Middle East, the chemical suppliers in India must address some key issues to ensure uncompromised efficiency. The primary among these is data management. Why Data Management Matters? A robust data management practice contributes significantly to reducing errors and multiplying efficiency. In the digital age, data is instrumental in improving business health. Organizations or companies that employ efficient management practices enjoy benefits like: Accurate decision making. Identify supply chain loopholes faster and better. Effectively manage and control valuable business assets Data Management Challenges in The Indian Chemical Industry Emerging markets like India are dominated primarily by small and medium chemical companies. As such these companies do not h...

Proliferation of IT solutions has promoted remarkable advancements in modern business world, allowing every associated individual to buy up huge functional and operational efficiencies. Although Indian chemical industry has been inching along the modern trend for a long time, it has finally gotten along with the IT domain to materialize increased work efficiency and market competence.  Chemical distributors India have realized the potential of technological solutions and associated use cases where IT products can add up great growth opportunities to their respective business lines. Use of modern age digital solutions like cloud computing, big data and Internet of Things (IoT) have resulted in the increase of quality standards across India’s growing chemical industry and allowed multi-dimensional advancement across various involved production domains. For long enough, the chemical industry in India has been down trended due to its traditional work processes and supply ...

BASF, the largest chemical producer in the world, is now 153 years old and its timeline had its fair share of bright and dark spots. Chemical industry trends 2019 predict stronger days ahead for this German-based chemical company. But BASF had its fair share of turmoil too which also includes the time when it was under direct control of the French authorities following Germany's defeat in World War 2. However, the dark clouds were soon gone and BASF was refounded in 1952 riding high on the German economic miracle of the 1950s. This blog highlights some of the key milestone events that mark BASF over 150-year journey so far. The Big Steps Founded on 6 April 1865 in Mannheim (Germany) by Friedrich Engelhorn for production of soda and acids which are key ingredients in the production of dye. Fertilizers were added to the product line in 1913 followed by nylon, polystyrene, and styropor. 80% of the BASF production line in 1901 was dedicated to dye stuff. The 1960s saw B...

Chemical industry is one of the oldest known production industries of India which contributes significantly towards our overall GDP and import-export trade. It has been an important element in our national economic growth and has reinforced great trade relations within international province. Import export of chemicals has gone through a progressive age of digitalization and developed to be one of the prime digital-backed industries of our countries. Chemical industry isn’t just about international export and business. The industry has various indigenous applications as well, thereby accounting for countless industrial and agricultural advancements in the country. Market Position It is an evident fact that Indian chemical industry has grown like never before in the past couple of decades. The industry has greatly been associated with every major economical contributor, not just nationally but on internationally grounds as well. It has developed as the backbone of ...