Chemical News and Updates

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...

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 ...