India Organic Chemical Industry Outlook to 2019 - Driven by Consumer Preferences and Integrated Production of Chemicals
September 2015
116
About the Report
About the Report
In India, six major organic chemicals, namely, Methanol, Aniline, Alkyl Amines and its derivatives like Formaldehyde, Acetic Acid and Phenol, have contributed a major proportion to the domestic Organic Chemic industry. The production of organic chemicals market has increased marginally at a CAGR of 3.8% over the years during FY’2009-FY’2014. This growth has been registered also on account of abolishment of Industrial Licensing for various sub sectors except the hazardous chemicals and reduction in the list of reserved chemical items for the production in small scale sector. The production of methanol market has grown from ~TMT in FY’2009 to ~TMT in FY’2014 whereas phenol market has inclined from ~TMT to ~TMT during the same time period. With the increase in capacity utilization by major players in the industry, the production increased by ~% compared to ~TMT in FY’2013.
Poor infrastructure, high cost of feedstock and under-utilization of installed capacities have acted as a major hurdle in the achievement of optimum operational capacities of plant and machinery. Ensuring feedstock availability, stringent government regulations against cheap imports, skilled manpower and innovating new applications of organic chemicals are the major factors that would drive the growth of this market in the next five years.
The consumption of phenol in India has increased at a CAGR of 9.3% from ~ TMT in FY’2009 to ~TMT in FY’2014 whereas phenol production has declined at a CAGR of ~% from FY’2009 to FY’2014. The huge demand-supply gap was bridged through cheap imports from other Asian countries as they had increased their production capacities to ~ million/year in FY’2014. The imports grew at a CAGR of ~% from FY’2009 to FY’2014. Major producers of Phenol in India were Hindustan Organic Chemical Limited and SI Group. The demand of phenol is expected to increase overtime due to increasing demand of bisphenol-A, formaldehyde and Caprolactum. The India phenol production was expected to remain stagnant due to no expected domestic supply additions in nearby future.
The India methanol market has been an import driven as domestic production has not been sufficient to cater domestic requirement. The local production of methanol has inclined at the CAGR of FY’2009 FY’2014. Hence, the amount of imports of methanol in India bolstered at a CAGR of 22.1% during the review period. The wide application base of methanol has triggered its import to India.
Gujarat Narmada Fertilizers Corporation was the largest producer of methanol in India in FY’2014 with a capacity of ~ kt per annum and generated the revenues of INR ~ million in FY’2014 followed by Rashtriya Chemicals and Fertilizers Limited with INR ~ million in FY’2014.
The growth in India Organic Chemical Market plays a pivotal role in supporting the expansion of other industries in India. The production in organic chemical industry has witnessed growth at a CAGR of ~% during the period FY’2009-FY’2014. Owing to this sizeable growth, the Organic Chemical Industry has been one of the fastest growing Industries in India. Organic chemicals are extensively used in water treatment chemicals, construction, personal care products and automotive sector.
It is quite evident that most successful players in the chemical industry are likely to be the ones who mange to adapt early to the upcoming changes and by doing so, will maintain their competitive advantage. These changes will correspond to the changes in feedstock, technology and market selling in the upcoming years. Indian players are expected to increase their production with the establishment of new PCPIR, increasing government expenditure on Infrastructure and hardworking workforce. On combining the factors of smooth growth with the entrepreneurial spirit, social and political responsibility and a forward looking understanding of the future framework provides a fruitful outlook for India Organic Chemical Industry. Production in the organic chemical market in India is expected to expand to ~ TMT by FY’2019, growing at a CAGR of ~% from FY’2015 - FY’2019.
Key Topics Covered in the Report:
- The market size of the organic chemical industry.
- Market segmentation of the organic chemical industry on the basis of phenol and methanol.
- The methanol market by production and consumption.
- The phenol market by production and consumption.
- Trends and Development in the organic chemical industry.
- Investment opportunities in India organic chemical industry.
- Competitive landscape and detailed company profiles of the major manufacturers of methanol and phenol in India.
- Future outlook and projections of the India organic chemical industry on the basis of production and consumption in volume terms in the India.
Products
Products
Methanol, Phenol, Crude oil, natural gas
Companies
Gujarat Narmada Valley Fertilizers and Chemicals, Rashtriya Chemicals and Fertilizers Limited, Deepak Fertilizers and Petrochemicals Corporation, Assam Petrochemicals , Gujarat State Fertilizers Chemicals, Hindustan Organic Chemicals Limited, The SI group
Table of Contents
Table of Contents
1. India Organic Chemical Industry Introduction
2. Availability of Raw Materials of India Organic Chemical Industry
3. India Organic Chemical Industry Market Size, FY’2009-FY’2014
3.1. By Production of Select Major Organic Chemicals, FY’2009-FY’2014
3.2. By Consumption of Select Major Organic Chemicals, FY’2009-FY’2014
4. Government Schemes and Regulations in Chemical Industry in India
4.1. Financial Assistance
4.1.1. Deductions
4.1.2. R&D Incentives
4.1.3. State Incentives
4.1.4. Export Incentives
4.1.4.1. Export Promotion Capital Goods Scheme
Zero Duty EPCG Scheme
Concessional 3% Duty EPCG Scheme
4.1.4.2. Duty Drawback Scheme
4.1.4.3. Focus Product Scheme and Focus Market Scheme
Focus Product Scheme
Focus Market Scheme
4.1.5. Area Based Incentives
4.2. Government Initiatives
5. India Phenol Market
5.1. India Phenol Market Introduction
5.2. India Phenol Market Size, FY’2009-FY’2014
5.2.1. By Production Volume, FY’2009-FY’2014
5.2.2. By Consumption Volume, FY’2009-FY’2014
5.3. India Phenol Market Trade Scenario, FY’2009-FY’2014
5.3.1. By Imports, FY’2009-FY’2014
5.3.1.1. By Value, FY’2009-FY’2014
5.3.1.2. By Volume, FY’2009-FY’2014
5.3.2. By Exports, FY’2009-2014
5.3.2.1. By Value, FY’2009-FY’2014
5.3.2.2. By Volume, FY’2009-FY’2014
5.4. Competitive Landscape of Major Players in India Phenol Market
6. India Methanol Market
6.1. India Methanol Market Introduction
6.2. India Methanol Market Size, FY’2009-FY’2014
6.2.1. By Production Volume, FY’2009-FY’2014
6.2.2. By Consumption Volume, FY’2009-FY’2014
6.3. India Methanol Market Segmentation
6.3.1. By Sectoral consumption
6.4. India Methanol Market Trade Scenario, FY’2009-FY’2014
6.4.1. By Imports, FY’2009-FY’2014
6.4.1.1. By Value, FY’2009-FY’2014
6.4.1.2. By Volume, FY’2009-FY’2014
6.4.2. India Methanol Exports, FY’2009-FY’2014
6.4.2.1. By Value, FY’2009-FY’2014
6.4.2.2. By Volume, FY’2009-FY’2014
6.5. Competitive landscape of Major Players in India Methanol Market
7. Growth Drivers of India Organic Chemicals Industry
8. Entry Barriers in India Organic Chemical Industry
9. Investment Opportunities in India Organic Chemical Industry
10. India Organic Chemical Industry Trade Scenario
10.1. Basic Custom Duty- Provisions of Union Budget FY’2015
10.2. India Organic Chemical Industry Imports, FY’2009-FY’2014
10.2.1. By Value, FY’2009-FY’2014
10.2.2. By Volume, FY’2009-FY’2014
10.3. India Organic Chemical Industry Exports, FY’2009-FY’2014
10.3.1. By Value, FY’2009-FY’2014
10.3.2. By Volume, FY’2009-FY’2014
11. SWOT Analysis of India Organic Chemical Industry
12. Trends and Development in India Organic Chemical Industry
13. India Organic Chemical Industry Future Outlook and Projections, FY’2015-FY’2019
13.1. Future Outlook and Projections, FY’2015-FY’2019
13.2. Cause and Effect Relationship Analysis of Factors Affecting the Industry
14. Analyst Recommendations
Actions to Be Taken By Government
Actions to Be Taken By Industry
15. Company Profiles
15.1. Gujarat Narmada Valley Fertilizers and Chemicals Ltd
15.1.1. Business Overview
Product Portfolio
15.1.2. Financial Performance, FY’2009-FY’2014
15.1.3. Business Strategies
15.1.4. Strengths and Weaknesses
15.2. Hindustan Organic Chemicals Limited
15.2.1. Business Overview
Product Portfolio
15.2.2. Financial Performance, FY’2009-FY’2014
15.2.3. Business Strategies
15.2.4. Strengths and Weaknesses
15.3. Gujarat State Fertilizers Chemicals
15.3.1. Business Overview
15.3.2. Financial Performance, FY’2013-FY’2014
15.3.3. Business Strategies
15.3.4. Strengths and Weaknesses
15.4. Deepak Fertilizers and Petrochemicals Corporation Ltd
15.4.1. Business Overview
15.4.2. Financial Performance, FY’2009-FY’2014
15.4.3. Business Strategies
15.4.4. Strengths and Weaknesses
15.5. Rashtriya Chemicals and Fertilizers Limited
15.5.1. Business Overview
15.5.2. Financial Performance, FY’2009-FY’2014
15.5.3. Business Strategies
15.5.4. Strengths and Weakness
15.6. Assam Petrochemicals Limited
15.6.1. Business Overview
Technical Specification
15.6.2. Financial Performance, FY’2009-FY’2014
15.6.3. Business Strategies
15.6.4. Strengths and Weakness
16. India Organic Chemicals Market Macroeconomic Variables, FY’2009-FY’2019
16.1. Total Population of India, FY’2009-FY’2019
16.2. Personal Disposable Income of India, FY2009-FY’2019
16.3. Total Installed Capacity of Chemical Plants in India, FY’2009-FY’2019
16.4. Total Natural Gas production in India, FY’2009-FY’2019
16.5. Gross domestic Product of India, FY’2009-FY’2019
16.6. Index of industrial production in India, FY’2009-FY’2019
17. Appendix
17.1. Market Definitions
17.2. Abbreviations
17.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
17.4. Disclaimer
List of Figure
Figure 1: India Organic Chemical Industry Market Size by Production in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 2: India Organic Chemical Industry Market Size by Consumption in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 3: India Phenol Industry Market Size by Production Volume in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 4: India Phenol Industry Market Size by Consumption Volume in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 5: India Phenol Market Imports by Value in INR Million, FY’2009-FY’2014
Figure 6: India Phenol Market Imports by Volume in Thousand Metric Tons, FY’2009-FY’2014
Figure 7: India Phenol Market Exports by Value in INR Million, FY’2009-FY’2014
Figure 8: India Phenol Market Size Exports by Volume in Thousand Metric tons, FY’2009-FY’2014
Figure 9: India Methanol Market Size by Production Volume in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 10: India Methanol Market Size by Consumption Volume in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 11: India Methanol Market Segmentation as a Proportion in Percentage (%), FY’2011
Figure 12: India Methanol Market Imports by Value in INR Million, FY’2009-FY’2014
Figure 13: India Methanol Imports by Volume in Thousand Tons, FY’2009-FY’2014
Figure 14: India Methanol Exports by Value in INR Million, FY’2009-FY’2014
Figure 15: India Methanol Market Export in Volume, in Thousand Metric Tons, FY’2009-FY’2014
Figure 16: FDI Investment Inflows to the Chemical Sector in India in INR Million, FY’2009-FY’2014
Figure 17: India Organic Chemical Market Imports by Revenue in INR Million, FY’2009-FY’2014
Figure 18: India Organic Chemical Market Imports in Thousand Metric Tons, FY’2009-FY’2014
Figure 19: India Organic Chemical Market Exports by Value in INR Million, FY’2009-FY’2014
Figure 20: India Organic Chemical Market Exports by Volume in Thousand Metric Tons, FY’2009-FY’2014
Figure 21: India Organic Chemical Market Future Projections on the Basis of Production in Thousand Metric Tons and Growth Rate in Percentage (%), FY'2015-FY'2019
Figure 22: Total Revenue Segmentation of Gujarat Narmada Valley Fertilizers and Chemicals Ltd on the Basis of Type of Product in INR Million, FY’2009-FY’2014
Figure 23: Total Methanol Sales of Rashtriya Chemicals and Fertilizers Ltd in INR Million and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 24: Total Methanol Sales of Rashtriya Chemicals and Fertilizers Limited in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 25: Total Methanol Sales of Assam Petrochemicals Limited in INR Million and Growth Rate in Percentage (%), FY’2009-FY’2014
Figure 26: Total Population of India in Million, FY’2009-2019
Figure 27: Personal Disposable Income of India in INR Billion, FY’2009-FY’2019
Figure 28: Total Installed Capacity of Chemical Plants in India in Thousand Metric Tons, FY’2009-FY’2019
Figure 29: India Natural Gas Production in Billion Cubic Meters, FY’2009-FY’2019
Figure 30: India GDP in INR Million, FY’2009-FY’2019
Figure 31: Index of Industrial Production in India, FY’2009-FY’2019
List of Table
Table 1: Petroleum and Natural Gas Production in India, FY’2009-FY’2014
Table 2: Major Natural Gas and Petroleum Clusters in India
Table 3: Imports of Crude Oil in MMT and Average Crude Oil Prices in USD/bbl, FY’2009-FY’2014
Table 4: India Phenol Market Applications Derivatives
Table 5: India Phenol Market Size by Imports in Thousand Metric Tons and Growth Rate in Percentage (%), FY’2009-FY’2014
Table 6: India Phenol Market Imports by Major Destinations on the Basis of Value in INR Million, FY’2009-FY’2014
Table 7: India Phenol Market Exports on the Basis of Major Export Destinations in INR Million, FY’2009-FY’2014
Table 8: Competitive Landscape of Major Domestic Players in India Phenol Market
Table 9: Consumption of Methanol Derivatives in India on the Basis of Volume in Thousand Metric Tons, FY’2009-FY’2014
Table 10: India Methanol Market Segmentation as a Proportion in Thousand Metric Tons, FY’2011
Table 11: India Methanol Market Imports on the Basis of Major Import Destinations by Value in INR Million, FY’2009-FY’2014
Table 12: India Methanol Market Exports on the Basis of Major Export Destinations in Value, in INR Million, FY’2009-FY’2014
Table 13: Revenues of Major Players in India Methanol Market in INR Million, FY’2011-FY’2014
Table 14: India Chemical Sector Basic Custom Duty on Exports, in Percentage (%)
Table 15: India Organic Chemical Market Imports on the Basis of Major Import Destinations by Revenue in INR Million, FY’2009-FY’2014
Table 16: India Organic Chemical Market Exports on the Basis of Major Export Destinations by Revenue in INR Million, FY’2009-FY’2014
Table 17: SWOT Analysis of India Organic Chemicals Market
Table 18: Cause and Effect Relationship Analysis between Dependent and Independent Factors Prevailing In India Organic Chemical Industry
Table 19: Gujarat Narmada Valley Fertilizers and Chemicals Ltd Product by Installed Capacity in MTA, FY’2014
Table 20: Product Portfolio of Hindustan Organic Chemicals Limited on the Basis of Production Plants, FY’2014
Table 21: Total Revenue Segmentation of Hindustan Organic Chemical Limited on the Basis of Types of Products in INR Million, FY’2009-FY’2014
Table 22: Total Methanol Sales of Gujarat State Fertilizers Corporation in INR Million, FY’2013-FY’2014
Table 23: Total Methanol Production and Sales of Deepak Fertilizers and Petrochemicals Corporation Limited in Thousand Metric Tons, FY’2009-FY’2014
Table 24: Total Methanol Traded and Sales of Deepak Fertilizers and Petrochemicals Corporation Limited in INR Million, FY’2009-FY’2014
Table 25: Technical Specification of Assam Petrochemicals Limited in Percentage (%), FY’2014
Table 26: Correlation Matrix of India Organic Chemical Market
Table 27: Regression Coefficients Output of India Organic Chemical Market
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