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The chemical industry of India is a major contributor to the Indian economy, contributing 7% of the country’s Gross Domestic Product (GDP)
Chemical manufacture is very important to modern day life. Manufactured chemicals will be present in almost every product that you will use today : from your toothpaste to your nylon jacket, your ballpoint pen to your mobile phone; Covering more than 80,000 commercial products, India’s chemical industry is extremely diversified and can be broadly classified into bulk chemicals, specialty chemicals, agrochemicals, petrochemicals, polymers and fertilisers. Companies within the Chemical Industry convert raw materials such as oil, metals and minerals into products. Chemicals have been used and processed throughout history but large scale manufacture of chemicals only began in earnest during the industrial revolution. 
The chemical industry is of strategic importance to the sustainable development of national economies.
The Indian chemicals industry stood at US$ 178 billion in 2019 and is expected to reach US$ 304 billion by 2025 registering a CAGR of 9.3%. The demand for chemicals is expected to expand by 9% per annum by 2025. An investment of Rs. 8 lakh crore (US$ 107.38 billion) is estimated in the Indian chemicals and petrochemicals sector by 2025. The specialty chemicals constitute 22% of the total chemicals and petrochemicals market in India. The demand for specialty chemicals is expected to rise at a 12% CAGR in 2019-22. 
The chemical industry is expected to contribute US$ 300 billion to India’s GDP by 2025.
India is the sixth-largest producer of chemicals in the world and the largest producer of dye.
we will understand how inextricably we are linked with the Indian chemical industry. Whether it is the drugs, cleaning agents, synthetic garments or thermoplastic furniture, everything around us is a direct or indirect product of the chemical industry. This industry produces more than 70,000 commercial chemical products annually, which has helped it gain the sixth spot in the list of largest chemical producers in the world and the 3rd spot in list of Asia. Although there are many opportunities for the chemical industry in India that are helping it to grow and expand internationally, at the same time, there are many challenges in its way that are hindering this growth.
Challenges that Indian Chemical Industry is facing today :
Lack of Raw Material
Ease in Cheap Import
Outlying Location and Inadequate Infrastructural Facilities
Complex Regulatory Issues and High Taxes
Chemical industry producers face certain challenges such as rigorous government regulations, continual R&D, and safety requirements. Additionally, the chemical industry sector also faces an uphill battle such as high fuel, growing logistics costs, high operations, high electricity prices, maintenance costs, and more. The chemical industry’s processes are also complex, involve several workflows and procedures, and depend on a variety of software and databases. Altogether, the chemical sector faces a variety of difficulties, from processes and operations to governmental requirements without an ERP system. To address these issues, the chemical industry requires an ERP system to synchronize the entire workflow on a unified platform.
Why ERP is the Needed for Chemical Industry?
Chemical industry is a process-centric sector and business operating in this domain need a customized business management solution to streamline diverse processes and operations. The solution ought to provide quick access to critical data in real time across various departments to help them monitor and control various activities/processes to boost efficiency and productivity. Considering the exploding demands and need for having an automated process management system for chemical industry, Hard’n Soft has designed a perfect ERP solution that suits the specific needs of businesses functioning in this industry.
ERP for Chemical Industry: Proven Formula for Success and Growth
HNS ERP solutions for chemical industry offers the following benefits :
Helps compete in the cutthroat market
Helps to offer well-organised and optimum customer service
Curbs costs across all operational and production areas
Conforms to statutory and regulatory requirements
Optimizes production and supply processes
Boosts resource utilization
Generates smooth workflow
Maximizes ROI
Proactive management of statutory compliance, risk and safety factors
Efficient tracking of quality control processes
HR and payroll support
Business intelligence and reporting
Quick and intuitive finance, tax and payroll reports
Surge in operational efficiency
360-degree view of business operations
Improved inventory, order, production and shipment tracking
Platform Options to base your ERP solution
World’s Best Open Source ERP
The ERP For Small & Medium Enterprises
Complete Suite for your Business
The Customized ERP
