Page 67 - Edelweiss India Conference 2022 FLIPBOOK
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New Energy Digital Manufacturing Capital Markets Human Capital
Key opportunities for Indian chemicals players
Company Key molecules Global positioning Opportunity Capex plan (FY22–24E)
Atul Ltd Aromatics World's largest manufacturer in its •
target products of 2, 4-D, • Import replacement opportunity NA
p-Cresol, etc.
Aarti Industries Benzene and Leading global position in its •
Toluene chemistry chloro-benzene chain benzene, toluene chain INR35bn
• iary of global
players going for China +One
Deepak Nitrite Phenol, Nitric acid Domestic leadership in nitric acid •
and phenol with global leadership • f building INR15bn
in DASDA blocks in domestic market
Galaxy Surfactants Surfactant Domestic leading position in INR5–6bn
surfactant oleochemicals
GFL Fluorine chemistry Import replacement, Growing new age industry
INR25bn
Jubilant Ingrevia Pyridine Global strong leading position in Increasing global outsourcing
Pyridine, Pyridine derivatives and INR10bn
Vitamin B-3
Navin Fluorine Fluorine chemistry INR11bn
chemistry with focus on R&D
SRF Ltd Refrigerant gases Leading domestic player
in refrigerant gases and INR35bn
chemistry
Vinati Organics Bulk chemicals Largest global player in IBB and INR5–8bn
ATBS players may increase sourcing of inputs
Source: Edelweiss Research
China’s dominance in global chemicals industry
One of the most prominent trends in the global chemicals industry has been the emergence of China as a dominant
36% in 2019. China continues to be a clear leader across a wide range of chemicals, with much higher production
capacity than peer countries.
Percentage share in global chemical sales
2000 2006 2010 2017
14%
6% 2%
19.3% 3.6% 24% 37% 25.8%
17% 25.8%
8.9%
1.8%
3.2% 28% Share of 2.9%
2.4% China has
12% 3.2% gradually 3.5%
21% 6.5% increased 4.4%
25% 29%
29%
17% 16% 13%
Share of developed contries
such as EU, US and Japan has
China EU US Japan South Korea India Others declined
Source: Edelweiss Research, CRISIL
Edelweiss Securities Limited 65
