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Specialty Chemicals Market Study: An Emerging Hint of Opportunity

Specialty chemicals market

Specialty chemicals market

HTF Market Intelligence released a new research report of 70 pages on title 'Specialty Chemicals Market in India (2018-2023) Overview, Share, Scope, Revenue, Trade Analysis, Trends, Drivers, Challenges, Growth Forecast and Company Profiles' with detailed analysis, forecast and strategies. The study covers key regions and important players such as Aarti Industries Limited, Bodal Chemicals Limited, Deepak Nitrite Limited etc.

Request a sample report @ https://www.htfmarketreport.com/sample-report/2284064-specialty-chemicals-market-in-india

Summary
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.

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

View Detailed Table of Content @ https://www.htfmarketreport.com/reports/2284064-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.

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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 f

....Continued

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Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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