With a strong demand channel and emergence of India as a manufacturing hub, the Indian Specialty Chemicals Industry is witnessing a major boon in the manufacturing segment. The Specialty chemicals industry is currently valued at $32 Bn which has the expectation to reach $64 bn by 2025, considering expected CAGR at 12%. The global chemicals market is estimated at $4 Trillion, with 20% composition as specialty chemicals and rest for the global chemical industry for the same.

Although Covid-19 caused disruptions in the Demand and Supply channels, specialty chemicals industry still outperformed in the manufacturing segment. But on a long term outlook, some realignments might be required so as to adjust as per the supply chain management systems, both for domestic and International chains as well. This opportunity needs to be actively leveraged with more involvement of Private players and with constant Government Support and aligned policies for the same.

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