The hottest multinational chemical enterprises' in

2022-07-27
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Multinational chemical enterprises' investment in India is heating up. The strong economic growth and the huge domestic market are attracting many multinational chemical companies to invest in the Indian market. In recent years, India's economy has shown strong growth. Even in the global economic downturn, India's GDP growth rate has exceeded 6%. In addition, India's population of more than 1.2 billion also provides a huge market potential

chemical industry accelerates again

according to the Indian Chemical Industry Council (ICC), the growth rate of Indian chemical industry will accelerate in 2010, and the demand will recover. According to SRA, ICC president consultant, the Indian chemical industry was affected by the global economic downturn in 2009, but the demand for chemicals will rebound in 2010, and the growth rate of Indian chemical industry will reach 10% ~ 12%. Among them, medicine, special chemicals and polymers will play a leading role

icc predicts that in 2010, the sales revenue of India's chemical industry will reach 70billion to 75billion US dollars, while the total sales revenue of the chemical industry, oil refining industry and fertilizer industry will reach 180billion to 185billion US dollars. Among them, the sales revenue of Indian petrochemical industry will increase by 10% ~ 12% from the current US $10billion, the sales revenue of special chemicals will increase by 14% ~ 16% from the current US $12billion, the sales revenue of polymers will increase by 14% ~ 16% from the current US $16billion, and the sales revenue of pharmaceutical industry will increase by 16% ~ 18% from the current US $18billion

huge market investment potential

the Asian Development Bank (ADB) predicts that India's economy is expected to grow by 7% in 2010, 1% higher than the growth rate in 2009. Lizhonghe, chief economist of ADB, said that the huge fiscal stimulus plan of the Indian government had successfully stopped the economic downturn last year, and the sustained and strong economic growth provided strong support for the development of the chemical industry. In addition, India is the world's second most populous country after China, with huge market potential. In recent years, the rapid increase in the number of middle class in India has stimulated the strong growth of consumer demand. PCU cuff and pedicle screw are composed of

paulbjacek, head of Accenture chemical research, a world-famous consulting company, pointed out that the improvement of the free enterprise system, the huge engineering talent team, the huge foundation of China's plastic granulating machinery are particularly important in the market infrastructure investment plan, the current low per capita chemical consumption level, the low labor cost, the establishment of special economic zones and petroleum and chemical investment parks, These are the main factors that attract multinational chemical companies to invest in the Indian market

multinational enterprises speed up the layout

in order to seize the opportunity in India, a market with great potential, multinational chemical companies, including LANXESS, BASF, Bayer, Klein, Ashland, Dow Corning and DuPont, have set up subsidiaries in India, increased investment and made business layout first. Even during the financial crisis, the pace of investment has not slowed down

Bayer AG said that India is a very important market for it, and Bayer will continue to invest in the Indian market. In 2008, Bayer's sales revenue in India reached a record of about 400million euros. Although the sales revenue in 2009 declined due to the impact of the financial crisis and the devaluation of the Indian currency against the euro, the company expects that Bayer's sales revenue in India will grow rapidly at an average annual double-digit rate in the next few years

Dow Corning India said that the current consumption of organosilicon in India is still very low, which means a huge opportunity for it. Jean paulmollie, President of Dow Corning Middle East, South Asia and Africa, pointed out that the current per capita consumption of silicone in western countries is 6-7 times that in India. In the next five years, Dow Corning's operating revenue in India will be twice the growth rate of GDP. Dow Corning is optimistic about the application prospect of Indian automobile and solar energy industry. Mollie said that the solar energy industry is receiving strong support from the Indian government. At present, the consumption of organosilicon in Indian automobile industry is very small compared with that in Western automobile industry, and there is a lot of room for growth

LANXESS India is building a new ion exchange resin and rubber chemical plant in Jhagadia, India, with a total investment of 50million euros. The device will be put into trial operation this year. LANXESS India achieved a sales revenue of 115million euros in 2008 with a track distance of two wheels from the front axle

Ashland India's business mainly includes water treatment technology, performance materials and functional materials. At present, the company is looking for opportunities to expand these businesses. The general manager of Ashland India said that Ashland HEXS water treatment technology global commercialization company has regarded the Indian water treatment and paper chemicals market as an important growth market for its long-term investment

DuPont achieved sales revenue of about USD 500million in India in 2008. India has become the third largest market in the Asia Pacific region and the tenth largest market in the world. Balvinderkalsi, President of DuPont India, said that the company's goal is to achieve sales revenue in India of more than US $1billion as soon as possible

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