Experts say that stringent regulations in Europe and a slowed industrial output in China have changed the tide in favor of India’s chemical industry. While the potential is no doubt huge, the chemical industry in India has still a long way to go before it can serve global demands both in capacity and quality parameters. However, this doesn't at all mean that the industry lacks leaders. There are a handful of chemical companies that are on par and in some regards even better than their global counterparts. Here’s a list of the top 5 chemical companies in India.
1. BASF
BASF is the world's largest chemical producer by sales volume. It is a German-based company and has operations all over the globe including India. Its product span across diverse categories including monomers, intermediates, and Petro-Chemicals. The primary products include caprolactam, adipic acid, MDI (diphenylmethane diisocyanate), TDI (toluene diisocyanate), polyamide 6 and 6.6, ammonia, nitric acid, sulfur and chlorine products, inorganic salts, urea, melamine, glues and impregnating resins. It is also involved in oil and gas trading. The companies Indian headquarter is in Mumbai.
2. Pidilite Industries limited
Pidilite industries need little introduction. Established in 1959, it is one of India’s oldest and leading adhesive manufacturers. It has footprints across many countries and has a diverse portfolio of products. the company has found its way into our daily lives too with popular products like Fevicol, Dr.Fixit, Fevikwik, Fevistick, etc. One of the many reasons that have made Pidilite a household name is its excellent marketing strategy for which the company has received many prestigious awards.
3. UPL Limited
Previously known as United Phosphorus Limited, UPL has operations in over 15 countries. Its products are used by over 200 countries. Its most popular offerings include Agrochemicals, White phosphorus, Industrial chemicals, Caustic chlorine, specialty chemicals. Specialty chemicals account for most of its exports. The company is ISO 9001:2000 certified and has received multiple awards for excellence in product quality.
4. Tata Chemicals
Tata Chemicals is one of the magnates of the Indian chemical industry. Established in 1939, the company oversees both the manufacturing and distribution of chemicals. It is this unparalleled commitment to quality that the company has been able to create a strong foothold in all major chemical marketplaces in the world including those in Asia, Africa, Europe, and North America. A subsidiary of the Tata group, Tata Chemicals is the world's 2nd largest source of Soda Ash. It has strongly invested in research and development and its work in advanced areas like Green Chemistry, Biochemical, Metabolites, and Nutraceuticals is well appreciated. Sodium Bicarbonate, Caustic soda, Phosphoric acid, and Sulphuric acids are some of the popular products manufactured by the company.
5. India Glycols Limited
Known for being India’s only green petrochemical company, India Glycols Limited was established in 1983. It is one of the few chemical companies in India which has put technology at the center of its production facilities. All the production facilities are ISO 9001:2008, ISO 14001:2004, and OHSAS 18001:2007 certified. It is also the first and the only chemical company to commercial ethylene oxide and its derivatives. Ethylene oxide is a versatile building block and widely used in the production of other chemicals. Other leading products by the company include ethoxylates and PEGs, performance chemicals, acetates, glycols, and glycol ether.
These were some of the best performing chemical companies in India. Few industries have as penetrating an impact on our lives as the chemical industry does. There is a good chance that you may have used their products in one way or another.
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