20-Oct-2023
As we know, organic compounds play a significant role in many industries, such as manufacturing, petrochemicals, agriculture, and pharmaceuticals. India, a rapidly developing country, has extensive organic chemical import statistics and is the primary consumer of these chemicals. To know why India imports organic compounds, this blog post will provide the important aspects of the organic chemicals import market, together with the most recent organic chemicals importer data.
Prior to exploring the causes of India's organic chemical importers, let us take a quick look at India's organic chemical market.
The Indian chemical industry is a diversified sector that produces a wide range of chemicals, such as petrochemicals, agrochemicals, fertilizers, and polymer chemicals. The Indian chemicals sector is one of the most rapidly growing industries globally. It has reached the status of being the sixth-biggest chemical producer, with a market size of $178 billion in 2021.
Here are some of the chemicals that have high demand in India:
Natural Chemicals:
Green and environmentally friendly products are in high demand all across the world, including India. These chemicals are popular in both the consumer (eco-cosmetics, eco-food components and additives, bio-plastics, etc.) and industrial (eco-insecticides, eco-pesticides, bio-fertilizers, etc.) markets.
Polymers:
Polymers are also in huge demand in the Indian market as they are used in making plastic products, which usually contain polymers. Increased urbanization is another factor driving polymer consumption. So, it also plays a significant role in the chemical industry.
Agrochemicals:
India is a major agricultural country, and there is a high demand for agrochemicals such as pesticides, herbicides, and fertilizers.
Pharmaceuticals:
India is a global leader in the pharmaceutical industry, and as global health concerns spread, there is an increasing demand for pharmaceutical compounds. Pharmaceutical chemicals are the starting point for producing pharmaceutical goods like pills, ointments, capsules, and more.
India imports many chemicals, including petrochemicals and specialty chemicals. The specific chemicals imported change depending on the needs of the Indian economy and industries.
Following are some of the most imported chemicals in India:
1. Methylene Diphenyl Diisocyanate: This chemical is generally not produced in India and requires importation. Chemical importers obtain this commodity because it is mainly used to create rigid polyurethane in the plastics industry.
2. Cyclic Hydrocarbons: Cyclic hydrocarbon chemicals are heavily featured in the list of chemicals imported into India.
3. Acyclic Alcohols: This sub-set of organic chemicals is also heavily imported into India. Acyclic alcohols and cyclic hydrocarbons are two of the nation's most imported organic compounds.
4. Caustic Soda: This chemical is widely used for numerous industrial processes. It is utilized in water treatment, the manufacture of soaps, and also in the food industry.
5. Liquid Chlorine: Like caustic soda, this chemical is widely used in multiple industries, including pharmaceuticals.
India's increasing demand for specialized chemicals is a significant component impacting India's imports of organic chemicals. Agrochemicals and pharmaceuticals are two sectors that require specific organic molecules with exceptional qualities.
India still has restrictions on its domestic production capacities, even with the industry's developments in organic chemicals. Infrastructure and cutting-edge technology may not be available nationwide to manufacture particular organic compounds. To close the gap between supply and demand, Indian producers are compelled to import specific chemicals.
Indian industries generally rely on foreign suppliers with the necessary knowledge and experience to develop these specialized chemicals to meet their needs.
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International trade conditions and alliances have an impact on India's import volume of organic chemicals, in addition to the dynamics of domestic demand and supply. Let's take a closer look at the organic chemical import data mentioned below:
Based on organic chemical import data, India imported $26.4 billion in organic chemicals in 2021, making it the 5th biggest importer of organic chemicals in the world. The top five sources of organic chemical imports for India in 2021 were:
China ($11.7 billion)
United States ($2 billion)
Saudi Arabia ($1.52 billion)
Singapore ($1.33 billion)
South Korea ($1.19 billion)
Import data on organic chemicals is a significant source of information for analyzing the dynamics of trade, such as importer lists, hs codes, import values, etc. To obtain the most accurate and updated list of Organic Chemicals Importers, visit the ExportImportData.in platform and analyze the Indian trade data hassle-free.
The growth of the organic chemical sector is being hampered by irrelevent and out-dated market information. Due to inadequate supplier and buyer information, HS codes, and export import data, traders face complexities in the organic chemical import procedure. It is advisable to obtain the relevant organic chemical importer data from a reputed data-driven platform. One of the best market research platforms is Exportimportdata.in, where you can obtain the most accurate and updated India trade data.
To find accurate and updated chemicals import data or HS codes for organic chemical products, you can visit Exportimportdata.in to gain access to the real-time chemicals products database. We also provide authentic and genuine Organic chemical export data, Import and export data , HS Codes, etc.
So, the organic chemicals industry is segmented with prominent players, primarily focusing on a particular area of expertise. The organic chemicals market is enormous and covers many applications across different industries. If you are a business owner looking for updated chemical import and export data, please connect with our professionals and book a free live demo today!
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