Feb 22, 2020   SOURCE: BusinessWire

India Specialty Chemicals Market Expected to Generate a Value of INR 4,527.36 Billion by 2024 - ResearchAndMarkets.com

The "Specialty Chemicals Market in India 2019" report has been added to ResearchAndMarkets.com's offering.

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.

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 depends 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.

Key Topics Covered:

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Introduction

  • Market definition and structure
  • Major organizations controlling the Indian specialty chemicals market

Chapter 4: Market overview

  • Specialty chemicals market overview
  • Historical market size (FY 2016-FY 2018)
  • Forecast market size (FY 2019-FY 2024)
  • Specialty chemicals sector snapshot

Chapter 5: Market segmentation

  • India specialty chemicals market segmentation
  • Agrochemicals market size and growth forecast
  • Colorants market size and growth forecast
  • Construction chemicals market size and growth forecast
  • Paints and coatings market size and growth forecast
  • Personal care ingredients market size and growth forecast
  • Water treatment chemicals market size and growth forecast

Chapter 6: Trade analysis

  • Export
  • Value-wise
  • Volume-wise
  • Country-wise
  • Import
  • Value-wise
  • Volume-wise
  • Country-wise

Chapter 7: Market influencers

  • Growth drivers of the market
  • Deterrents to the growth of the market

Chapter 8: Competitive landscape

  • Porter's five forces analysis
  • 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
  • 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

For more information about this report visit https://www.researchandmarkets.com/r/8524q3