A Rise in Sales of Hand Sanitizers will Support the Indian Chemical Industry Amidst the COVID-19 Pandemic

The Indian chemical industry will see a considerable growth of 4.8% during the forecast period. India is anticipated to notice a considerable impact on its chemical industry due to the outbreak of the COVID-19 pandemic. Amid this ordinance, in March 2020, Tata Chemicals, one of the major chemical manufacturers in the country had ceased its manufacturing operations located in the south-eastern state of Andhra Pradesh, and two plants in the southern state of Tamil Nadu. Tata chemical manufactures a wide variety of chemicals including sodium carbonate, sodium hydroxide, chlorine, and sulphuric acid. The coronavirus outbreak has proliferated the demand for hand sanitizer across the country to reduce the infection risk. With this increasing demand, there is a stiff competition among the chemical manufacturers to set up the production facility of isopropyl, a major ingredient used in hand sanitizer. 

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In March 2020, Deepak Fertilizer and Petrochemicals Corp., Ltd. (DFPCL) had announced to increase the production of isopropyl alcohol to the company’s peak plant capacity of 70,000 tonnes a year to meet the rising demand for hand sanitizer across the country. Also, major sugar mills in northern India had started to supply ethanol/ethyl alcohol/extra neutral alcohol (ENA) to hand sanitizer manufacturers across the country. Moreover, several sugar mills have taken permission from the Central Drug Standard Control Organization (CDSCO) to manufacture hand sanitizers at their plant facilities.

Market Coverage

Key questions addressed by the report

• What is the market growth rate during the forecast period?
• Which segment dominates the market in the base year?
• Which segment will project the fastest growth in the market during the forecast period?
• How COVID-19 will impact the market growth in 2020 and coming years?

o Recovery Timeline

o Deviation from pre-COVID-19

o Most affected segment

o Recommendations 

• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Indian Chemical Market – Segmentation

By Type

• Petrochemicals
• Basic Inorganic
• Polymers 
• Specialty Chemicals
• Consumer Chemicals
• Others (Auxiliaries for Industry)

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