According to a report of FICCI, Indian chemical industry is expected to register a growth of 8-9% in the next decade. It is also expected to double its share in the global chemical industry to 5-6% by 2021. Individuals from chemical engineering field or having experience in chemical product manufacturing, are now thinking of initiating a small scale venture in chemical manufacturing. The Indian Chemical Industry comprises both small and large-scale units, and presently, there are about 70,000 chemical manufacturing units located in the country. A major component (in numbers) are covered in the small-scale sector.
The chemicals industry in India is the largest consumer of its own products, consuming 33% of its output. With promising growth trends in the chemicals industry, this internal consumption is also set to rise.
The government recognizes Chemical industry as a key growth element of Indian economy. In Chemical Sector, 100% FDI is permissible. Manufacturing of most of the chemical products is de-licensed. The entrepreneurs need to submit only IEM with the DIPP provided no locational angle is involved. Market potential small-scale chemical product manufacturing is huge. Here we accumulate 30 highly profitable chemical business ideas for your ready reference. You can develop all these chemical business ideas as small scale basis with moderate capital investment.
List of Top 30 Profitable Chemical Business Ideas
1. Detergent Powder Manufacturing
Detergent powders are also known as synthetic detergent and these are the surfactant. One can start this project with small start up capital investment. There are the number of varieties of detergent available in the market depending upon the different percentage of active ingredients and other components. The process of manufacturing is very simple and it involves simply mixing different ingredients in right formula. Read More…
2. Perfume Making
Perfume making business can be a profitable venture when you are aware of the basic things of the marketing of the product. A person with prolific discipline nature and having the ability to listen to others and process the ideas and information they shared – a perfume making business can be a right option for him. Read More…
3. Nail Polish Making
Nail polish making business is a million dollar industry in cosmetic products. Actually, nail polish is a lacquer kind of product that is used to decorate and to protect human fingernails or toenails. The demand of nail polish is growing rapidly particularly in urban areas owing to several factors such as greater purchasing power because of higher income, desire to look better and more attractive etc. Read More…
4. Liquid Soap Making
Liquid soap making business includes a wide range of processing, packaging and marketing operation. The business also demands extensive market research and marketing strategy. Liquid soap is a consumable item and the demand for it is increasing in the rural and urban area both. Total annual soap sale by branded companies is estimated at 14000 tonnes, while a total soap market is considered to be about 126000 tones. Read More…
5. Matchstick Manufacturing
Matchstick manufacturing business can be initiated as the small scale with maintaining safety measures strictly. Matchsticks are consumer durable product and the demand is growing day-by-day. An entrepreneur having knowledge in channel distribution can start this business with moderate capital investment. Read More…
6. Rubberband Manufacturing
An entrepreneur can initiate rubber band manufacturing project at home location with moderate capital investment. Rubber Band is a very useful thing in our everyday life and it seems that its demand will remain unchanged in future also. Rubberband manufacturing is technically feasible and financially viable project for small business entrepreneurs. Read More…
7. Neem Oil Extraction
Neem oil extraction business opportunity demands adequate knowledge about oil extraction process. There are several techniques used in the industrial and commercial extraction of neem oil. Neem oil extraction using the solvent like alcohol, ether, and hydrocarbons is the most used process in the industry. Read More…
8. Agarbatti Making
Agarbatti making is one of the traditional industries in India. Actually, agarbatti is a consumer product that the demand is found throughout the year and it increases in festive days. The scope and production of agarbatti making business are based on the individual investment capability. One can start this business as home-based and can go for large scale also. Read More…
9. Water Purifier
Water purifier is a liquid substance to purify and treat drinking water. It can be simply formulated with iodine or chlorine dioxide. With simple formulation process, water purifier manufacturing business can be initiated as the small-scale basis.
10. Pesticide Manufacturing
Small-scale pesticide manufacturing business demands knowledge about the process of the formulation with right technical. Selecting the right product is important. Pesticide manufacturing is one of the most profitable chemical ideas.
11. Nylon Production
The demand for nylon products is very extensive globally and it requires on a daily basis. Choosing the right product and identify the market is the most crucial issues in getting success in nylon production.
12. Micro nutrient Manufacturing
Micronutrient has an immense potential in agriculture business. Having a strong distribution strategy, one can start this manufacturing business with substantial capital investment.
13. Toilet Cleaner
Having knowledge about the formulation process an individual can start toilet cleaner business with the moderate capital investment in small-scale basis. Determining the proper marketing strategy is important in this type of business.
14. Botanical Pesticide Manufacturing
Due to the prohibitive cost of synthetic pesticides and the problems of environmental pollution caused by continuous use of these chemicals, there is a renewed interest in the use of botanical for crop protection. Botanical Pesticides in Agriculture reviews the research on botanical pesticides used to combat losses due to pests of agricultural importance, with special attention focused on the use of higher plants. With proper knowledge about the formulation process, an individual can initiate this business with moderate capital investment.
15. Hand Sanitizer Making
Commercial hand sanitizer making business demands proper skill about the mixing and formulation process. The process is very simple. An entrepreneur can initiate this venture with moderate capital investment.
16. Fungicide Manufacturing
Fungicide is an important component for agriculture and food industry. Different types of fungicide that has the different composition, used for various purpose. Formulation of fungicide in liquid, powder or granule form can be initiated in small-scale basis.
17. Dish Wash Bar – Liquid Making
Dish wash bar – liquid is a consumer durable product. The demand is growing worldwide. The manufacturing process is simple. No major licensing is required. One can initiate this venture with proper knowledge about the production process
18. Herbal Soap Making
Herbal industry is growing globally. Awareness among the people about the benefits of the using herbal products is the main reason behind it. Herbal soap making process is simple and it requires simple few raw materials. One can initiate this venture small-scale basis with moderate capital investment.
19. Export / Import
Export/import of chemical is a very profitable business one can initiate with moderate startup capital. You will need to obtain the export/import license first. Select the products for export and import. Build your business network. Export/import is one of the most profitable chemical business ideas.
20. Aloevera Gel
Alovera gel is a herbal product that has seen an immensely increasing demand. You can initiate the business as small scale basis with proper knowledge about herbal product marketing.
21. Insecticide Manufacturing
Insecticide manufacturing is one of the most profitable chemical business ideas one can start with substantial capital investment. The demand of good quality pesticide is huge. Additionally, you can initiate the business as small and large scale basis.
22. Floor Polish Manufacturing
Actually, real estate venture owner or property owner can’t ignore the effectivity of floor polish. Different types of floor polish generally used for polishing different types of flooring component such as marble, granite, vitrified tiles etc. The production process is simple. Additionally, you can start the business both as the small and medium scale basis.
23. Hair Conditioner Manufacturing
Hair conditioner is a consumer durable hair care product. The production process is simple mixing and formulation. You can start selling in your brand name and also you can produce the product for the other company.
24. Weedicide Manufacturing
Two types of weedicide generally we find in the market. One is herbal or botanical weedicide and another is chemical weedicide. The process is simple. For the production of herbal weedicide no major licensing required. Additionally, you can initiate the business as the small-scale basis.
25. Paints Manufacturing
Paints manufacturing business opportunity demands adequate knowledge about the technology.One can initiate this business with substantial capital investment.
26. Face cream Cleansing Lotion Manufacturing
Increasing awareness about the beauty and health care among the people, has increased the demand for the products like face cream cleansing lotion. Selecting the right product is important in this business. The manufacturing process is not complex. Additionally, you can initiate the business as the small-scale basis.
27. Ball Pen Ink Refill Making
Ball pen ink refill making is one of the most profitable chemical business ideas one can initiate with moderate capital investment. Production process is simple. it doesn’t require major licencing to initiate.
28. Germicide Manufacturing
Germicide is a consumer durable product that used to kill germs and bacteria on different types of surfaces. Basically, germicide helps to rid the area of bacteria and germs. And these have the potential to cause harm to humans and other living things. Production process is simple. Furthermore, you can initiate the venture as the small-scale basis. Germicide manufacturing is one of the most profitable chemical business ideas.
29. Herbal Shampoo Manufacturing
Herbal shampoo is a hair care product and market potential is increasing day-by-day. Having knowledge about the technical process any individual can initiate this business as the small-scale basis, with moderate capital investment.
30. Toothpaste Manufacturing
Toothpaste is a consumer durable product. In today’s world, we find different varieties types of toothpaste available in the market. The production process is simple. Additionally, you can start the business as the small-scale basis. Selecting the right product and crafting the right marketing strategy is crucial in getting success in this business. Read More…