Come from：Shandong Caman Biotech Co., Ltd. Class：News Date：2023/4/18 浏览统计：222 |
India’s specialty chemicals industry, which is currently seeing an expansion drive by major players, expects to see robust growth in the next few years. By 2040, India could have a 10-12% share in the global chemicals market growing from $170bn-180bn in 2021 to $850bn-1000bn as per a study by management consultancy firm McKinsey & Co and industry body Indian Chemical Council (ICC). The specialty chemicals segment is likely to be a key driver of this growth, the study showed, adding that, of the three main segments of the chemical sector – inorganic, petrochemicals and specialty – only specialty is expected to be a net exporter by 2040. ″By 2040, its net exports are expected to rise by around ten times, from about $2bn in 2021 to $21bn,″ the report released on 1 March said. Almost 80% of the specialty chemicals exports are expected to come from four segments— agrochemicals, dyes and pigments, cosmetics and personal care, and food ingredient chemicals Agrochemicals in India is currently a $5.5bn market. By 2040, it could account for almost 40% of India’s overall chemicals exports and nearly 13% of the global agrochemical market, the report said. |
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