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Specialty Chemicals in India (2018-2023)

Publisher Name :
Date: 26-Apr-2019
No. of pages: 60

Consolidated demand from various markets such as textile, real estate, packaged food, personal care, household care, automobiles, consumer durables, and construction is propelling growth of the specialty chemicals market in India. The specialty chemicals market in India was valued at INR 2,083.8 Bn in 2017, and is expected t- expand at a compound annual growth rate (CAGR) of ~10.7% by 2023. In 2018, many chemical companies in China were shut down due t- growing environmental concerns. This led t- an increase in the manufacturing of specialty chemicals in India t- ensure an uninterrupted supply in the market. Aarti Industries Limited, Bodal Chemicals Limited, Deepak Nitrite Limited, Ion Exchange (India) Limited, and Meghmani Organics Limited are some of the major players currently operating in the specialty chemicals market in India.

Key growth drivers of the market:

- India has a huge technically skilled workforce which helps boost the specialty chemicals market in the country. As of 2016, 51.09% of the total population of science, technology, engineering and math (STEM) graduates were from India. Apart from the availability of a large educated population, India offers unskilled labor at much lower wages as compared t- other countries. The availability of a large talent pool, along with a nominal wage rate makes India an attractive production hub for various foreign companies. This, in turn, acts as a driving force for the specialty chemical market in India.

- The Chinese government announced the closure of various chemical companies that produced hazardous waste, which led t- disruption of the supply chain. The developed markets are, therefore, now focusing on having an alternative supplier of chemicals apart from China t- ensure an uninterrupted supply of end products, making Indian players more competitive.

Key deterrents t- the growth of the market:

- In the specialty chemicals market, only a few Indian players have the capability t- compete with global giants in terms of product development and innovation. As a result, Indian specialty chemical manufacturers are generating less revenue, and sales has als- dropped as compared t- foreign companies.

- Indian specialty chemical manufacturers are often forced t- deal with cyclicality, especially in the textile manufacturing sector. Therefore, companies face difficulty in surviving during periods of low demand. This, in turn, hampers the growth of small specialty chemical manufacturers of India.

Companies covered:

- Aarti Industries Limited

- Bodal Chemicals Limited

- Deepak Nitrite Limited

- Ion Exchange (India) Limited

- Meghmani Organics Limited

- NOCIL Limited

- SRF Limited

- Sudarshan Chemical Industries Limited

- Sunshield Chemicals Limited

- Vinati Organics Limited

Specialty Chemicals in India (2018-2023)

Table of Contents

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Specialty chemicals market - definition and structure

Chapter 4: Specialty chemicals market in India
4.1. Market overview
4.2. Specialty chemicals market size and growth forecast - value wise
(FY 2017-FY 2023e)

Chapter 5: Trade analysis
5.1. Export of specialty chemicals
o Value-wise
o Volume-wise
o Country-wise
5.2. Import of specialty chemicals
o Value-wise
o Volume-wise
o Country-wise

Chapter 6: Key market trends

Chapter 7: Key growth drivers of the market

Chapter 8: Key deterrents to the growth of the market

Chapter 9: Competitive landscape
9.1. Porter's five forces analysis
9.2. Aarti Industries Limited
o Corporate information
o Business description
o Products and services
o Key people
o Financial snapshot (total income, net profit/loss)
o Key ratios
o Business segments, geographical segments
*Note: Similar information areas will be covered for the remaining competitors
9.3. Bodal Chemicals Limited
9.4. Deepak Nitrite Limited
9.5. Ion Exchange (India) Limited
9.6. Meghmani Organics Limited
9.7. NOCIL Limited
9.8. SRF Limited
9.9. Sudarshan Chemical Industries Limited
9.10. Sunshield Chemicals Limited
9.11. Vinati Organics Limited
Appendix
1. Research methodology
2. About Research on Global Markets

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