India's Chemical Industry to See $15 Billion in Construction Starts this Year, an Industrial Info Market Brief

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For years, chemical plant owners in South Asia have been plagued with logistic constraints, political drama and limited access to adequate feedstock that have slowed the start of many major projects. These constraints have created a huge inventory of owners eager for the right circumstances to begin construction for their projects.

India's top 10 chemical projects planned to begin construction this year total more than $5 billion in investment value. These projects primarily are for ammonia, fertilizer and niche petrochemicals, like PVC and PDH. Final approvals for most of these projects are expected by the second quarter of this year; if approved, they could mark a turning point in annual chemical industry spending in the region.

See below for a chart detailing the top 10 active projects in India's Chemical Processing Industry.