The most promising markets for plastic additives makers are predicted to be Asia Pacific and North America. According to the IBEF, India is the world's seventh largest chemical producer and Asia's third largest producer. In 2016, the Indian chemicals industry was worth US$ 139 billion. The overall output of key chemicals, including petrochemicals, was 23.9 million tonnes in 2015-2016. Foreign companies such as Akzo Nobel, BASF, ADEKA, Mitsubishi Chemicals Corporation, Syngenta, DuPont, Henkel, Croda, Wacker Metroark, DyStar, and Rhodla have invested in the Indian chemicals business. The India Brand Equity Foundation (IBEF) is a Trust created by the Ministry of Commerce and Industry, Department of Commerce, in partnership with the Government of India, with the goal of promoting and raising international awareness of Indian-made goods.
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