Dec
India’s Chemical Industry
The market covers a broad spectrum of categories that includes organic and inorganic chemicals (utilised in alkalies, fertilizers, detergents, and glass), Drugs and pharmaceuticals, Plastics and petrochemicals, dyes and pigments, engineering plastics and specialty chemicals, pesticides and agrochemicals and fertilizers.
In terms of volume, drugs and pharmaceutical sector of Indian chemical industry holds the fouth spot in the globe whereas the plastic and petrochemical sector is the fastest growing sector amongst all these.
Chemical industries do not signify only the manufacturing firms but also a wide variety of organizations are involved in the distribution chain among chemical producing companies and the industries making use of ‘chemical substances’.
There are numerous chemical industries that manufacture and distribute their items on a huge scale. Even there are several other dealers who operate their wholesale organization in such goods. Now-a-days, there are numerous industries which use various type of chemicals in the manufacturing procedure. These firms need to purchase the chemicals on wholesale basis so that they can save their expense and maximize their profit ratio. For such firms the timely supply of the raw material in excellent condition is a need to. This job is taken up by the traders and agents.
Thus, the chemical distribution business not only includes chemical producers and their distributors, but also chemical traders, agents, export/import houses and a number of other suppliers offering these organizations with added value items or services e.g. warehousing, logistics, plant & equipment.
Chemical distributors acquire and sell chemicals from producers. They take title to the goods, responsibility for stocking and warehousing, just before selling the goods on to their buyers. Their responsibility of storing the chemical is as tedious as the production factories. They have to pay the very same attention to the dilemma arising in the storage of the chemicals as that is paid to those arising from the production in the factories.
Jay Polychem India Limited is one of such company engaged in distribution and trade of petrochemicals, polymers, engineering plastics, and specialty chemicals to chemical manufacturing, pharmaceutical, automotive, vinyl flooring, and compounding industries in India and internationally. With its skilled and skilled workforce it has been playing its role considering that 1991.
The efforts made by Indian chemical industries played a important role. India ranks 12th largest producer of chemicals in the globe. Indeed, Indian chemical industries are growing at a rapid speed.