quality assurance india chemical supplier accelerator mbs
quality assurance india chemical supplier accelerator mbs
quality assurance india chemical supplier accelerator mbs
quality assurance india chemical supplier accelerator mbs
quality assurance india chemical supplier accelerator mbs
  • 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.
  • Why are specialty chemical manufacturers struggling in India?
  • Majority of the specialty chemical manufacturers in India operate at a significantly lower scale, severely impacting their ability to be cost competitive with their Chinese counterparts – there is need to focus on capacity expansions to right-size and for right products and get economies of scale.
  • 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 is the future of specialty chemicals in India?
  • The future looks bright for the specialty chemicals sector in India, with many companies well-placed as long as they address key growth considerations over the coming years, and focus on customer, enhance their global tie-ups, along with capacity and supply chain ramp-ups.