India specialty chemical market is anticipated to grow at a considerable CAGR of 9.5%. The rising utility of agrochemicals in the country to meet the growing needs for sustainable crop production is a key factor contributing towards the growth of India’s specialty chemical market. India is an agriculture-based country with approximately 75% of the population is reliant on farming, directly or indirectly. India has witnessed significant demand for agrochemicals owing to the increasing government focus towards food security and the increasing demand for biodegradable materials in the agriculture sector.
A full report of India Specialty Chemicals Market is available at: https://www.omrglobal.com/industry-reports/specialty-chemicals-market
In India, a centrally sponsored scheme, National Food Security Mission was launched in 2007 to accelerate the production of wheat, rice, coarse cereals, and commercial crops through increasing productivity and area expansion. This, in turn, is driving the demand for agricultural films for crop protection from the weeds’ proliferation as it, inhibits the growth of weeds’ from restricting the plants’ development. The emerging greenhouse concept in the country is further accelerating the adoption of mulch and silage films that are used to cover greenhouses. Mulch and silages are mainly made up of agro plastic which in turn is estimated to drive the growth of India’s specialty chemical market. .
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Market Coverage
- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product Type
- Competitive Landscape- BASF India Ltd., Aarti Industries Ltd Atul Ltd., Navin Fluorine International Ltd., Vinati Organics Ltd.
Key questions addressed by the report
- What is the market growth rate?
- Which segment dominates the market in the base year?
- Which segment will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
India Specialty Chemicals Market report Segment
By Product Type
- Agrochemicals
- Cleaning Chemicals
- Construction Chemicals
- Electronic Chemicals
- Food Additives
- Adhesive & Sealants
- Specialty Coatings
- Surfactants
- Paper & Textile Chemicals
- Lubricants & Oilfield Chemicals
- Polymers & Plastic Additives
- Others
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