Wednesday, December 14, 2011

Chemical Industry- One of the Most Flourishing Industries in India



The chemicals are widely used in various applications in diverse industries. It is due to this fact that the chemical industry in India has been increasing at a high rate. There are a number of industries that are widely taking help of the chemicals for various applications in producing various products.

With the industrialization taking place and interconnecting various industries globally, there has been a steep rise in the variety of industries and application of the products. There is variety of industries setting up in the economy including the automobile, packaging, food and beverages etc. The variety of chemicals forms the part of the industrial products. These often include the chemicals that are used on a daily basis or those that are used in a large amount by the various industries like the Construction, agriculture, manufacturing and service industries. The whole of the chemical industries comprises of the companies that produce the industrial chemicals. The chemical industry in India can be said as one of the oldest contributors towards the Indian economy and is counted among those industries that began working immediately after the country's independence in 1947. At present the average annual growth rate of this industry is 12.5 percent.

The Indian chemical industry is alienated into a number of segments where each segment has contributed towards the overall growth of the industry. There are a number of favorable factors that have supported the industry well to show desired progress rate. Today, it ranks at the 12th position in the world in terms of the production size. Also, the industry contributes 13 percent towards the total export from India at present. The various chemicals that form the part of this industry include inorganic chemicals that include alkalis, fertilizers and detergents as main chemicals. FOS & Policasonal is another name that can be added into this list. There the pharmaceutical industry relies heavily upon the various chemicals. Dyes and paints segment that includes polymers and other related chemicals and of course the Petrochemicals.

The food and oil refineries also use various chemicals like Activated Bleaching Earth that is an Absorbent for oil refineries, used for Decolorizing by removing color pigments like carotenoid, chlorophyll and gently removes residual phosphatides, metals, soaps & oxidation products in addition to coloring matter. In fact it also removes gums (phospholipids), FFA and soap contents and traces of heavy metals in vegetable oils. Considering the growth trends in different sections of the chemical industry in India, it can be said as one of the most flourishing industry in India. No matter whatever industry it is, chemicals have formed a major part of almost every industry.

There are various chemicals that hold various industrial purposes like Activated Bleaching Earth that is suitable for Decolourization & Purification of edible and non-edible oils with ability to absorb pigments and many more. Godavari Biorefineries Ltd is one name that is engaged in producing this chemical and many more like FOS & Policasonal, Clary Sage Oil, Clove Oil and any more.

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