india factory sale chemical industry antioxidant rd
india factory sale chemical industry antioxidant rd
india factory sale chemical industry antioxidant rd
india factory sale chemical industry antioxidant rd
india factory sale chemical industry antioxidant rd
  • How big is India's specialty chemicals industry?
  • The Indian specialty chemicals industry has expanded exponentially in recent years. It represents 22 per cent of India‘s overall chemicals and petrochemicals market and is valued at USD32 billion. The industry is anticipated to reach USD64 billion by 2025 at a CAGR of 12.4 per cent1.
  • Are specialty chemical industries in India competitive?
  • Hence, specialty chemical industries in India would need to step up their game to be seen as globally competitive in terms of quality, cost, and agility. Consumption of specialty chemicals in the country is low per capita, compared to global average.
  • What challenges did the specialty chemicals industry face in India?
  • Correspondingly, the specialty chemicals industry in India also encountered challenges such as limited transportation facilities, stockpiling at ports and unavailability of labour at plants, which hindered product processing and loading. The industry observed a fall in demand in some of the major end-user markets which specialty chemicals cater to.
  • Why is the specialty chemicals segment growing in India?
  • The specialty chemicals segment has been one of the fastest growing segments in the Indian manufacturing sector. This expansion can be attributed to increased demand from many end-user sectors, favourable government policies, a growing domestic customer base, changes in consumer lifestyle among other factors.