Robust growth in India's chemical sector driven by biofriendly products
In the report titled "India: The Next Chemicals Manufacturing Hub," McKinsey said the country's chemical industry has performed better globally in demand growth and the sector will grow by 11-12% to 27% and 7-10% from 2027 to 20 40, tripling its global market share by 2040. The report confirms the growth in demand for biofriendly products globally, which could benefit India, as it is among the main producers of both agrochemical products and inorganic chemical and petrochemical products.
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