Specialty Chemicals Market In India 2024

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Specialty Chemicals Market In India 2024
Published on 19 Jan 2023
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Report Overview
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 insightsIn 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.
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Table Of Contents

• Chapter 1 Executive summary
• Chapter 2 Socio-economic indicators
• Chapter 3 Introduction
• Chapter 4 Market overview
• Chapter 5 Market segmentation
• Chapter 6 Trade analysis
• Chapter 7 Market influencers
• Chapter 8 Competitive landscape
• Chapter 9 Appendix

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By Region
United States
Europe
China
Rest of the world
Japan
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Market Size
Expected to reach 4,527.36 billion INR by the
end of
Forecast year
2024
2018
Base year
CAGR 11.9 (2018 - 2024)
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