Specialty Chemicals: Market 2020 | Covid-19 Impact | also Industry is Booming Worldwide with Key Players | Aarti Industries, Atul, BASF India, Bodal Chemicals, Deepak Nitrite, Galaxy Surfactants, PI Industries

The specialty chemicals market in India was valued at INR 2,808.19 Bn in FY 2019 and is expected to reach INR 6,435.73 Bn by FY 2025, expanding at a compound annual growth rate (CAGR) of ~15.29% during the FY 2020-FY 2025 period. Heavy demand from downstream industries, such as, pharmaceuticals and agrochemicals, in the wake of the COVID-19 pandemic, and shifting away supply chains from China are the two major factors expected to propel the growth of the Indian specialty chemicals market during the forecast (2020-2025) period.
Major players operating in the market include Aarti Industries Limited, BASF India Limited, Deepak Nitrite Limited, PI Industries Limited, and SRF Limited.

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Top players in the Specialty Chemicals Market with their revenue analysis.
Selected illustrations of Specialty Chemicals Market insights and trends.
Example pages from the Specialty Chemicals Market report.

The Major Players in the Specialty Chemicals Market.

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

Some of the key factors contributing to the Specialty Chemicals market growth include:

Growing per capita disposable income
Favorable for youth Demographics
Technology advancement

In terms of COVID 19 impact, the Specialty Chemicals market report also includes following data points:

Impact on Specialty Chemicals market Size
End User Trend, Preferences and Budget Impact of Specialty Chemicals market
Regulatory Framework/Government Policies
Key Players Strategy to Tackle Negative Impact of Specialty Chemicals market
New Opportunity Window of Specialty Chemicals market

Key Question Answered in Specialty Chemicals Market Report.

What are the strengths and weaknesses of the Specialty Chemicals Market?
What are the different marketing and distribution channels?
What is the current CAGR of the Specialty Chemicals Market?
What are the Specialty Chemicals market opportunities in front of the market?
What are the highest competitors in Specialty Chemicals market?
What are the key outcomes of SWOT and Porter’s five techniques?
What is the Specialty Chemicals market size and growth rate in the forecast period?

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COVID-19 Impact Analysis
The domestic specialty chemicals sector is anticipated to witness significant opportunities amid the pandemic, which might result in improved international relations and expansion of supply contracts. In the initial phase of the lockdown in India, several specialty chemical players had to temporarily close their manufacturing units; however, the production of chemicals listed under essential commodities continued.

The pandemic has stirred anti-China sentiment among Indians, and most players in the specialty chemicals sector are looking for suppliers outside China. Thus, several Indian players have witnessed an inflow of orders from global chemical manufacturers. Players dealing with hygiene-related specialty chemicals in the industry, such as Fine Organics and Galaxy Surfactants, witnessed a surge in demand, even during the lockdown period. Additionally, business segments of companies, such as, SRF Limited, PI Industries Limited, and Aarti Industries that cater to the pharmaceutical and agrochemical sectors have experienced growth. Vinati Organics Limited, a company producing specialty chemicals and organic intermediaries, reported an increase of ~30% in the sale of isobutyl benzene (IBB) chemical, used in the production of Ibuprofen.

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