Specialty Chemicals Market in India 2019

Over the past few years, the specialty chemicals market in India has been flourishing, owing to the rise in demand from various end-user industries. The specialty chemicals market in India was valued at INR 2,356.92 Bn in FY 2018 and is expected to reach INR 4,527.36 Bn by FY 2024, expanding at a compound annual growth rate (CAGR) of ~11.9% during the FY 2019-FY 2024 period. Unlike basic chemicals, the price of specialty chemicals is determined depending on their unique features and utilities rather than composition. Major players operating in the market include Aarti Industries Limited, BASF India Limited, Deepak Nitrite Limited, PI Industries Limited, and SRF Limited.

Market segment insights
In FY 2019, the colorants segment held the largest market share of ~27%, followed by the paints and coatings (~25%), and agrochemicals (~14%) segments. The demand for colorants picked up due to the growth of the textile and automobile industries, as well the real estate market, both within and outside India. The Indian automobile industry accounts for the highest demand for paints and coatings. The growth of agrochemicals production can be attributed to the rising demand of high-yielding seeds and crops among farmers, in order to fulfil the growing requirement of food across the country.
Among the major segments of the Indian specialty chemicals market, the water treatment chemical segment is expected to experience the fastest year-on-year growth of ~14.63% during the FY 2016-FY 2024 period. The troubling rise in water pollution and drinking water requirements for the continually increasing population results in the high demand of water treatment chemicals.

Key growth drivers of the market
An increase in demand in end-user industries like food processing, personal care, and home care is propelling the development of the different segments of the Indian specialty chemicals market. Due to busy work schedules, people lack the time to cook and prefer consuming processed and packaged foods. Edible oils find application in the food processing market. Therefore, growing consumption of processed and packaged food is leading to the rise in demand of edible colors. Improvement in the standard of living as a result of globalization and an increase in the per capita income are driving growth in the premium home care and personal care segments. In addition to the increasing demand from end-user industries, the downturn of the Chinese chemical market in the past few years has established export opportunities for Indian manufacturers.

Key deterrents to the growth of the market
The specialty chemicals market in India is operated mostly by small-scale firms that cannot compete with large firms functioning in the global market. Moreover, the demand and supply of specialty chemicals largely depend on the demand from end-user industries. Therefore, a minor change in the operation of end-user industries leads to significant implications in the specialty chemical market. Due to the fragmented nature of the market and high dependence on end-user industries, specialty chemicals companies in India face stiff competition, with buyers switching brands based on product quality and price.

Companies covered
• Aarti Industries Limited
• Atul Limited
• BASF India Limited
• Bodal Chemicals Limited
• Deepak Nitrite Limited
• Galaxy Surfactants Limited
• PI Industries Limited
• Pidilite Industries Limited
• SRF Limited
• Vinati Organics Limited

 

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction
3.1. Market definition and structure
3.2. Major organizations controlling the Indian specialty chemicals market

Chapter 4: Market overview
4.1. Specialty chemicals market overview
4.1.1. Historical market size (FY 2016-FY 2018)
4.1.2. Forecast market size (FY 2019-FY 2024)
4.2. Specialty chemicals sector snapshot

Chapter 5: Market segmentation
5.1. India specialty chemicals market segmentation
5.2. Agrochemicals market size and growth forecast
5.3. Colorants market size and growth forecast
5.4. Construction chemicals market size and growth forecast
5.5. Paints and coatings market size and growth forecast
5.6. Personal care ingredients market size and growth forecast
5.7. Water treatment chemicals market size and growth forecast

Chapter 6: Trade analysis
6.1. Export
- Value-wise
- Volume-wise
- Country-wise
6.2. Import
- Value-wise
- Volume-wise
- Country-wise

Chapter 7: Market influencers
7.1. Growth drivers of the market
7.2. Deterrents to the growth of the market

Chapter 8: Competitive landscape
8.1. Porter’ five forces analysis
8.2. Aarti Industries Limited
- Company information
- Business description
- Products/services
- Key people
- Financial snapshot
- Key ratios
- Key financial performance indicators
- Key business segments
- Key geographical segments
Note: Similar information covered for all other public companies. Private companies data given on best effort basis.

8.3. Atul Limited
8.4. BASF India Limited
8.5. Bodal Chemicals Limited
8.6. Deepak Nitrite Limited
8.7. Galaxy Surfactants Limited
8.8. PI Industries Limited
8.9. Pidilite Industries Limited
8.10. SRF Limited
8.11. Vinati Organics Limited

Chapter 9: Appendix
9.1. Research methodology
9.2. About Netscribes
9.3. Disclaimer

 


Specialty Chemicals Integrated Across Multiple Vertical Applications: Global Markets

Report Scope:The scope of this report is broad and covers various product types available in the market for specialty chemicals and potential application sectors. The specialty chemicals market is broken

USD 5500 View Report

Specialty Chemicals Market in India 2019

Specialty Chemicals Market in India 2019 market research report available in single user pdf license with Aarkstore Enterprise at USD 950

USD 950 View Report

Specialty Chemicals Integrated Across Multiple Vertical Applications: Global Markets

Report Scope:The scope of this report is broad and covers various product types available in the market for specialty chemicals and potential application sectors. The specialty chemicals market is broken

USD 5500 View Report

Global Agrochemicals Market Research Report 2020-2024

In the context of China-US trade war and global economic volatility and uncertainty, it will have a big influence on this market. Agrochemicals Report by Material, Application, and Geography

USD 2850 View Report

Fill The Form For Sample Request

Note : * Kindly provide us with your company id and get the sample reports at the earliest.

There is no Reviews available