Page 52 - TCE Annual Report 2024-2025

Overview Leadership Messages Governance Strategic Insights Business Review People & Community

Sector
Hydrocarbons and

Chemicals Business Review

The Hydrocarbons and Chemicals Business Unit at Tata Consulting Engineers continues to play a
pivotal role in supporting industrial growth, energy transition, and sustainability aspirations across
India and global markets. With an extensive portfolio that spans oil and gas, refining, petrochemicals,
speciality chemicals, fertilisers, and emerging fuels, the business delivers comprehensive engineering
solutions from concept to commissioning. It serves as a key enabler in helping clients navigate industry
transformations, enhance operational performance, and achieve sustainable development goals.

Industry Trends and Market Outlook
The hydrocarbons and chemicals sector is at a pivotal
2024-25 Performance moment, driven by three powerful forces: the global
energy transition, the demand for sustainable fuels, and
Highlights the shift towards high-value chemicals and advanced

manufacturing. This convergence is reshaping the
sector’s priorities and presenting engineering firms with
opportunities to lead transformative change.
Globally, sustainability has moved to the forefront.
18% share in total Governments and industries are accelerating
investments in green fuels like green hydrogen, green
revenue
ammonia, and green methanol, which are now central
to decarbonisation strategies. Green ammonia is
emerging as a game-changer, projected to grow at a
remarkable compound annual growth rate of over 60
16% share in total per cent between 2025 and 2035, as it becomes an
acquisition
essential carrier for renewable energy, a sustainable
marine fuel, and a key feedstock for steel, fertilisers,
and chemicals. Green methanol is also rapidly gaining
ground, with its market size expected to grow from USD
2.6 billion in 2024 to over USD 11 billion by 2030.
872 workforce on The semiconductor industry is another major driver.
31st March 2025
Fueled by artificial intelligence, electric vehicles,
data centres, and advanced electronics, the global
semiconductor market is forecast to hit USD 755
billion in 2025 and exceed USD 2 trillion by 2032. This
202 crore worth value surge is creating demand for semiconductor assembly
engineering for customer
and testing facilities, electronics-grade chemicals,
and specialty glass and silicon manufacturing, where
engineering expertise plays a critical role.

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