India ranks as 6th largest producer of chemicals in the world and largest producer of dye. In the year 2020 it ranked 5th in terms of revenue. India holds a strong position in export of chemicals at global level. With over 80,000 products it is one of the most diversified Industry in the country. The vast majority of chemicals produced in India are base chemicals also known as bulk chemicals. Speciality chemicals are also known as performance chemicals are derived from Base chemicals. Indian agrochemical industry amounts to 30% of speciality chemicals. India holds a strong position in exports and imports of chemicals at a global level and ranks 14th in exports and 8th in imports at global level (excluding pharmaceuticals). India is a global supplier of dye, accounting for 16% of the global production of dyestuffs and dye intermediaries. India has strong presence in the exports market in the subsegment of dyes, pharmaceuticals and agrochemicals. The country exports dyes to Germany, the UK, the US, Switzerland, Spain, Turkey, Singapore and Japan. The Indian dyes and pigments market is projected to reach US$ 63.0 billion by 2022. 

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