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Chemicals

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India’s chemicals industry is one of the fastest-growing globally, driven by rising domestic demand, export competitiveness, and policy incentives supporting “Make in India” and green chemistry. With applications across pharmaceuticals, agriculture, manufacturing, and consumer goods, the sector is scaling rapidly as companies invest in specialty chemicals, sustainability, and downstream integration. At the same time, players are navigating tightening environmental regulations, fluctuating input costs, and evolving global trade dynamics.

At Baker Tilly ASA India, we partner with chemical manufacturers, specialty producers, and process industries to help them enhance financial performance, manage compliance, and expand sustainably. From market entry and regulatory approvals to M&A and global expansion, our cross-functional teams deliver integrated solutions aligned with your business goals.

Our services include:

  • Compliance and ESG reporting under environmental and industrial frameworks
  • Cost accounting and process control for manufacturing optimization
  • Indirect tax and import/export structuring advisory under Indian law
  • Risk management frameworks ensuring compliance and continuity
  • Financial forecasting and cash flow planning for operational resilience
  • Sustainability and governance advisory aligned with global chemical standards
  • CERT-In cybersecurity assessments for process and plant data protection
  • Due diligence and valuation for mergers or expansions
Industry overview

Industry Size

India's chemicals sector is valued at approximately USD 250 billion in 2024 and is projected to reach USD 300 billion by 2025.

Export Contribution

Chemicals account for about 10% of India's total exports.

Growth Potential

The sector is expected to grow at a 9–12% CAGR until 2026, with specialty chemicals projected to reach USD 40 billion by 2026.

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