Pune: Deepak Fertilisers & Petrochemicals Corporation expects the demand outlook for industrial chemicals to remain strong across major consumer segments, including pharmaceuticals, agrochemicals, food, speciality chemicals , and chemical intermediates. Following this, the company has announced building nitric acid plant at Dahej, the company said in its annual report for FY24. Additionally, it has enhanced its speciality chemical portfolio through the launch of new products in the coming year and aims to grow the market share of the products launched already.
The company expects operating margins to be stable and improve gradually with demand prospects and stability in key raw material pricing. Additionally, several actions undertaken to grow the speciality chemical portfolio will enable the launch of new products in the coming year and grow the market share of the products launched already. Demand for cement, steel, and rock aggregates is expected to improve, resulting in increased commercial explosives demand in the mining and infrastructure segments.
This will have a positive effect on the demand for all technical ammonium nitrate (TAN) products and create a positive thrust for the speciality business, it said. We also published the following articles recently How a Karnataka village is steering chemical-free jaggery revolution Karaswadi village near Bengaluru-Mysuru highway saw a revival of traditional, chemical-free jaggery production by farmers under Mandya Jaggery Farmers Producer Company. With support from Nabard, the farmers, branding their product as Keeremadi, have significantly increased production from a few quintals to 15 tonnes monthly, aiming for 50 tonnes by December 2024.
Natural rubber sees sharp increase in price as domestic production lags behind demand India experienced a severe natural rubber shortage as domestic production increased slightly from last year but failed to meet rising demand. With imports facing high customs duties and global supply chain disruptions, prices shot up significantly. Non-tyre industries have been hardest hit, prompting industry bodies to seek governmental intervention to ease the input crisis.
Gujarat only state to see chemical exports fall despite CPCB compliance Gujarat's chemicals industry faced a significant export decline of 8.20% in 2023-24, primarily due to strict compliance with Rule 9 of the Hazardous and Other Waste Rules 2016. Industry leaders reported that other states are bypassing these rules, gaining a competitive edge.
The issue was raised with the union minister, seeking stricter national implementation..
