India's Chemical Market Projected to Exceed $300 Billion by 2030, According to BCG

Published By DPRJ Universal | Published on Thursday, 15 January 2026

Boston Consulting Group (BCG) forecasts that India's chemical market is set to surpass an valuation of $300 billion by the year 2030. This projection highlights significant growth opportunities within the sector, driven by factors such as increasing domestic demand, expanding manufacturing capabilities, and strategic investments. The report likely details the key segments contributing to this expansion and the potential economic impact for India, positioning the country as a major player in the global chemical industry.

A recent analysis by Boston Consulting Group (BCG) projects a robust expansion for India's chemical market, anticipating its value to exceed $300 billion by 2030. This optimistic forecast underscores India's growing prominence in the global chemical landscape and signals significant investment and development opportunities within the next decade. The projected growth is likely attributed to several key factors, including a surging domestic demand from various end-user industries such as automotive, agriculture, pharmaceuticals, and construction. Furthermore, governmental initiatives promoting 'Make in India' and local manufacturing are expected to provide a substantial boost, encouraging both domestic and international players to enhance production capacities. The report by BCG would typically delve into specific sub-segments of the chemical industry, identifying high-growth areas like specialty chemicals, petrochemicals, and basic chemicals that are set to drive the overall market expansion. It would also assess the competitive landscape, technological advancements, and sustainability trends influencing the sector's trajectory. Strategic investments in research and development, along with infrastructure development, are crucial for realizing this potential. Such a significant increase in market size by 2030 positions India as a pivotal hub for chemical production and innovation, attracting further foreign direct investment and fostering job creation across the value chain, solidifying its role as a key player in the global chemical supply chain.