Page 72 - Edelweiss India Conference 2022 FLIPBOOK
P. 72
THE NEW EDGE
Indian specialty chemicals
100
80 64
USD bn 60 11.7% CAGR 32 12.4% CAGR
40
18
20
-
2014 2019 2025
India Speciality Chem Market
Source: Edelweiss Research, FICCI
Indian specialty chemicals breakdown by segment
8%
3% 30%
Agrochemicals 3% F&F Base Ingredients
3%
Dyes and Pigments 4% Textile
4%
F&F - Functional 6% Polymer
Ingredients
7%
Surfactants
6% 22%
4%
Source: Edelweiss Research, FICCI
Source: Indian-Specialty-Chemical-Industry-FICCI 2020.pdf / FICCI
On the whole though, India is a net importer of chemicals. That is however not the case for chemicals
blocks (ethylene, propylene, benzene etc). However, majority of the petrochemical building blocks
manufactured by India are channelised towards bulk polymers, thereby making the other specialty
chemicals sub-segments dependent upon imports for feedstock requirements.
India thus continues to be a net importer of petrochemical intermediates and bulk chemicals. As we
move downstream though, towards value-added specialty chemicals, India is a net exporter, being a
key supplier for a wide array of specialty chemicals for players across the globe.
70 Edelweiss Securities Limited
