Chemical and Pharmaceutical Sector Overview:
The chemical and pharmaceutical sector in India has been growing rapidly in recent years. The country is now among the world’s largest producers of chemicals. The sector includes a wide range of products, from basic chemicals to complex pharmaceuticals.
The Indian chemical industry is worth an estimated US$ 175 billion and employs over two million people. It is one of the country’s most important manufacturing sectors and contributes around 4% to GDP. The majority of the industry is located in the states of Gujarat, Maharashtra, and Tamil Nadu.
As India’s speciality chemicals industry continues to grow at a rapid pace of 11.7% CAGR, it is projected that by 2025 the country will have an enterprise value of $64 billion. This growth has been driven mainly by the increase in demand for plastics and coatings from local companies investing heavily into their manufacturing sectors; while also attracting international investments.
The Indian pharmaceutical sector is expected to grow significantly in the next five years. The industry is forecast to reach a value of US$ 55 billion by the end of 2022, growing at a compound annual growth rate (CAGR) of around 16%. This strong growth will be driven by several factors, including the country’s large population, rising incomes, and increasing access to healthcare. India is already one of the world’s leading producers of generic drugs, which is expected to continue in the future. The country is also likely to benefit from continued economic growth and an expanding middle class.
The Indian chemical and pharmaceutical industries are both highly regulated. However, the government has introduced many policies and initiatives to support the sector’s growth. These include tax incentives, investment subsidies, and preferential access to credit. As a result, the industry is expected to continue multiplying in the coming years as the country expands its manufacturing capabilities and increases its share of global trade.
JEE Pumps used in the Chemical and Pharmaceutical Sector
Use of Pumps in the Chemical and Pharmaceutical Sector:
Pumps are commonly used in the chemical and pharmaceutical industries for various applications. Some of the most common applications include transferring chemicals from one container to another, circulating fluids through process equipment, and providing suction for vacuum-based processes.
Pumps used in the chemical industry must be able to handle highly corrosive or abrasive fluids, as well as those that are flammable or combustible. As such, they must be constructed from materials that are compatible with the fluids being handled. Common pump materials used in the chemical industry include stainless steel, Hastelloy, titanium, and ceramic.
The type of pump selected for a particular application will depend on many factors, including the nature of the fluid being handled, the desired flow rate, and the operating conditions. Some of the most common types of pumps used in the chemical and pharmaceutical industries include centrifugal pumps, positive displacement pumps, and air-operated diaphragm pumps.
Pump Applications in the Chemical and Pharmaceutical Sector
Pumps are widely used in the chemical industry due to the diverse range of applications and processes. Pumps help in transferring, measuring and controlling the flow of liquids, gases and slurries in a wide variety of settings. In the chemical industry, pumps are used in several different ways:
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