1. Market Research
  2. > Chemical
  3. > Specialty Chemical Market Trends
Specialty Chemicals Market in India 2020

Specialty Chemicals Market in India 2020

  • September 2020
  • 91 pages
  • ID: 5873827
  • Format: PDF
  • Netscribes (India) Pvt. Ltd.


Table of Contents

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. 

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. 
Key growth drivers of the market 
Increased demand for specialty chemicals in end-user industries such as food processing, personal care, and home care is propelling the Indian specialty chemicals market. Due to busy work schedules, people lack the time to cook and prefer consuming processed and packaged foods. Therefore, growing consumption of processed and packaged food has led to the spurt in demand for edible colors. 
Improved standard of living as a result of globalization and increased per capita income are fuelling growth in the premium home care and personal care segments. In addition to the rising demand from end-user industries, the economic slump faced by the Chinese chemical market in the past few years has developed 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 depend 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 chemicals 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.
Companies covered
-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

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Global Sterols Industry

  • $ 4950
  • April 2021
  • 379 pages

Abstract: - Global Sterols Market to Reach $1.2 Billion by 2027 - Amid the COVID-19 crisis, the global market for Sterols estimated at US$787.2 Million in the year 2020, is projected to reach a revised ...

  • World
  • China
  • Specialty Chemical
  • Wood
  • Industry analysis

Global UV Stabilizers Industry $ 4950 April 2021


Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on