Chemicals News Today

Union Minister Anupriya Patel announced the Rs 1,000 crore Bhavya Rasayan Scheme to establish three major chemical parks, aiming to boost manufacturing, research, and self-reliance ahead of India Chem 2026.

Union Minister Anupriya Patel urged industry and states to join the Bhavya Rasayan scheme to set up three major chemical parks, backed by Rs 1,000 crore in central financial assistance.

Union Minister Anupriya Patel announced the Rs 1,000 crore Bhavya Rasayan Scheme to establish three major chemical parks. India Chem 2026 will be held in Mumbai from October 22 to 24 to boost sector growth.

India's chemicals industry aims for a fourfold growth to reach $1 trillion by 2040, driven by government initiatives, upcoming chemical parks, and increased R&D investments.

The Indian government is prioritizing the chemicals sector to boost manufacturing and self-reliance, aiming for a US$300 billion industry by 2030 and a US$1 trillion valuation by 2040.

India launched anti-dumping probes into five Chinese products, including chemicals and pharma goods, following domestic complaints. This aims to protect local industries as trade deficits swell to USD 112.6 billion.

Brent crude has recovered to around $101.50–102/bbl, after earlier corrections, as geopolitical risks partly offset coordinated strategic stock releases and improving West Asian supply. In India, heavy JNPT arrivals are improving availability of Methanol, Toluene, Xylene, Phenol, Styrene and VAM, creating negotiation room for buyers, while Styrene and Phenol retain strong upward momentum.

ADAMA launched Rexaro, a dual-action foliar fungicide in India, providing preventive and early curative control against Oomycete diseases in specialty crops like grapes, potatoes, and vegetables.

India's chemical sector is recovering with a 22% revenue rise in FY27 Q1, but capital returns may take 2-3 years as specialty plants operate at 60-75% capacity.

Pidilite partnered with Hwaseung Chemical for footwear bonding technology in India. Q1 FY27 revenue rose 21 percent to INR 45.5 billion, while Motilal Oswal retained a Neutral stock rating.