Specialty Chemicals Market in India (2018-2023) Overview, Share, Scope, Revenue, Trade Analysis, Trends, Drivers, Challenges, Growth Forecast and Company Profiles

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  • 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 to expand at a compound annual growth rate (CAGR) of ~10.7% by 2023. In 2018, many chemical companies in China were shut down due to growing environmental concerns. This led to an increase in the manufacturing of specialty chemicals in India to 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:

    o 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 to 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.

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

    Key deterrents to the growth of the market:

    o In the specialty chemicals market, only a few Indian players have the capability to 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 also dropped as compared to foreign companies.

    o Indian specialty chemical manufacturers are often forced to 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:

    o Aarti Industries Limited

    o Bodal Chemicals Limited

    o Deepak Nitrite Limited

    o Ion Exchange (India) Limited

    o Meghmani Organics Limited

    o NOCIL Limited

    o SRF Limited

    o Sudarshan Chemical Industries Limited

    o Sunshield Chemicals Limited

    o Vinati Organics Limited

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  • With tables and figures helping analyze worldwide Specialty Chemicals market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

    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) (only for public companies)
    o Key ratios (only for public companies)
    o Business segments, geographical segments (only for public companies)
    *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

     

  • The Specialty Chemicals Market has been segregated into various crucial divisions including applications, types, and regions. Each market segment is intensively studied in the report contemplating its market acceptance, worthiness, demand, and growth prospects. The segmentation analysis will help the client to customize their marketing approach to have a better command of each segment and to identify the most prospective customer base.

    Report Objectives / Segmentation Covered :
    By Companies / players:
      By Regions:
        By Type:
          By Application:
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          Research objectives

          Where will all these developments take the industry in the long

          To study and analyze the global Market consumption (value & volume) by key regions/countries, product type and application, history data from 2015 to 2019, and forecast to 2025.

          What are the future opportunities in the market?

          To understand the structure of Market by identifying its various subsegments.

          What are the major driving forces expected to impact the development of the market market across different regions?

          To analyze the market with respect to individual growth trends, future prospects, and their contribution to the total market.

          Which industry trends are likely to shape the future of the industry during the forecast period 2020-2025?

          To project the consumption of market submarkets, with respect to key regions.

          Who are the major driving forces expected to decide the fate of the industry worldwide.

          To strategically profile the key players and comprehensively analyze their growth strategies.

          What are the key barriers and threats believed to hinder the development of the industry?

          To analyze competitive developments such as expansions,agreements, new product launches, and acquisitions in the market.

          Who are the prominent market players making a mark in the market with their winning strategies?

          To share detailed information about the key factors influencing the growth of the market

          What will be the growth rate and the market size of the industry for the forecast period 2020-2025?

          Focuses on the key global market Vendors, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

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