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India Specialty & Fine Chemicals Market Size, Share & Trends Analysis Report By Product (Specialty Polymer, Electronic Chemicals, Institutional & Industrial Cleaners), And Segment Forecasts, 2023 - 2030

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    Report

  • 200 Pages
  • May 2023
  • Region: India
  • Grand View Research
  • ID: 5830913
The India specialty & fine chemicals market size is expected to reach USD 95.15 billion by 2030. Furthermore, the market is projected to expand at a CAGR of 9.3% during the forecast period of 2023 to 2030. This is attributable to the increasing demand for chemicals in the construction, water treatment, and electronics sectors, along with advancements in process technology and trade liberalization.

The production of agrochemicals in India witnessed a sharp growth of approximately 11% in 2021, as compared to the production in 2020. Moreover, the total agrochemical exports from the country grew by 16.1% in the financial year 2021, according to CARE Ratings. Despite the negative effects of the COVID-19 pandemic on the overall domestic market, the rise in agrochemical production in the country could be attributed to two successive good monsoon seasons and a healthy sowing season in India.

Additionally, frequent launches of new products, proactive planning for raw materials by manufacturers, and effective production capacity usage have all contributed to the surged demand for these products. Such factors are driving the market for specialty & fine chemicals in the country.

Numerous specialty chemicals are being widely used in the textile industry for polishing, finishing, and dyeing & printing textiles. Lubricating agents, stain removers, emulsifiers, desizing agents, wetting agents, and swelling agents are all used during the production of textiles. The surge in textile and apparel production and the noticeable increase in their exports are expected to drive the growth of the textile industry in India. This, in turn, is anticipated to fuel the demand for specialty chemicals, driving the growth of the market.

On the other hand, the Indian market for specialty chemicals is considered a leading beneficiary of the falling global crude oil prices. The country witnessed a sharp decrease in the prices of crude oil from 2019 to 2021. As a result, the market in the country was expected to witness double-digit growth in the succeeding years, owing to an increase in the per capita consumption of these products at the local level. However, a surge in the prices of crude oil in India posed a threat to the manufacturers of specialty chemicals, as crude oil and natural gas are the key raw materials used in their production.

India Specialty & Fine Chemicals Market Report Highlights

  • Electronic chemicals are expected to have a substantial share in the market with the highest growth rate of 12.3% from 2023 to 2030, due to their wide usage in the production of electronic devices such as semiconductors, printed circuit boards, and displays
  • The flavors & fragrances segment is predicted to advance at a strong CAGR of 12.2% from 2023 to 2030
  • Specialty coatings, sealants, adhesives, etc. are important for the construction industry, and their demand is expected to surge in India during the forecast period. This is owing to the presence of several large-scale construction projects to be completed in the country in the coming years. Such factors are expected to drive the demand growth for specialty & fine chemicals in India
  • The food & feed additives segment is estimated to advance at a substantial growth rate of 11.9% through 2030. Increasing demand for nutritious, flavorful, visually appealing, and safe food & beverage products is expected to contribute to the rising consumption of food additives in India
  • The water treatment chemicals segment is expected to witness a prominent growth rate of 11.3% over the forecast period. The increasing requirement for treating wastewater in the urban areas of India is expected to drive the demand for such specialty products that are used for wastewater treatment
  • The demand for cosmetic chemicals is anticipated to expand at a high growth rate of 10.5% during the projection period, owing to the increasing propensity of consumers to spend on expensive but natural and organic cosmetics & personal care products. This factor is expected to fuel the growth of specialty cosmetic chemicals in the country


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Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources & Third-Party Perspectives
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.7 Research Scope and Assumptions
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 India Specialty & Fine Chemicals Market: Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Global Specialty & Fine Chemicals Market Outlook
3.2 Industry Value Chain Analysis
3.2.1 Manufacturing/Technology Trends
3.2.2 Sales Channel Analysis
3.2.3 List of Potential End-Users
3.3 Price Trend Analysis, 2018 - 2030
3.3.1 Factors Affecting Prices
3.4 Regulatory Framework, By Regions
3.5 Market Dynamics
3.5.1 Market driver analysis
3.5.2 Market restraint analysis
3.5.3 Market Challenges Analysis
3.5.4 Market Opportunity Analysis
3.6 Business Environment Analysis
3.6.1 Porter’s Five Forces Analysis
3.6.2 PESTEL Analysis
Chapter 4 India Specialty & Fine Chemicals Market: Supplier Portfolio Analysis
4.1 List of Key Raw Material Suppliers
4.2 Raw Material Trends
4.3 Portfolio Analysis/Kraljic Matrix
4.4 Engagement Model
4.5 Negotiation Strategies
4.6 Sourcing Best Practices
Chapter 5 Key Market Insights of Target Chemicals
5.1 Citric Acid
5.1.1 Product Overview
5.1.2 India Production, 2022 (Tons)
5.1.3 India Consumption, 2022 (Tons)
5.1.4 India Supply Demand GAP, 2022 (Tons)
5.1.5 India Imports, 2022 (Tons) (USD Thousand)
5.1.6 India Exports, 2022 (Tons) (USD Thousand)
5.1.7 India Plant Set-up Cost (INR Crore)
5.1.8 Key Manufacturers in India
5.1.9 Potential End-users in India
5.2 Palm Oil
5.2.1 Product Overview
5.2.2 India Production, 2022 (Tons)
5.2.3 India Consumption, 2022 (Tons)
5.2.4 India Supply Demand GAP, 2022 (Tons)
5.2.5 India Imports, 2022 (Tons) (USD Thousand)
5.2.6 India Exports, 2022 (Tons) (USD Thousand)
5.2.7 India Plant Set-up Cost (INR Crore)
5.2.8 Key Manufacturers in India
5.2.9 Potential End-users in India
5.3 Titanium Dioxide
5.3.1 Product Overview
5.3.2 India Production, 2022 (Tons)
5.3.3 India Consumption, 2022 (Tons)
5.3.4 India Supply Demand GAP, 2022 (Tons)
5.3.5 India Imports, 2022 (Tons) (USD Thousand)
5.3.6 India Exports, 2022 (Tons) (USD Thousand)
5.3.7 India Plant Set-up Cost (INR Crore)
5.3.8 Key Manufacturers in India
5.3.9 Potential End-users in India
5.4 Hydrogen Peroxide
5.4.1 Product Overview
5.4.2 India Production, 2022 (Tons)
5.4.3 India Consumption, 2022 (Tons)
5.4.4 India Supply Demand GAP, 2022 (Tons)
5.4.5 India Imports, 2022 (Tons) (USD Thousand)
5.4.6 India Exports, 2022 (Tons) (USD Thousand)
5.4.7 India Plant Set-up Cost (INR Crore)
5.4.8 Key Manufacturers in India
5.4.9 Potential End-users in India
5.5 Lysine
5.5.1 Product Overview
5.5.2 India Production, 2022 (Tons)
5.5.3 India Consumption, 2022 (Tons)
5.5.4 India Supply Demand GAP, 2022 (Tons)
5.5.5 India Imports, 2022 (Tons) (USD Thousand)
5.5.6 India Exports, 2022 (Tons) (USD Thousand)
5.5.7 India Plant Set-up Cost (INR Crore)
5.5.8 Key Manufacturers in India
5.5.9 Potential End-users in India
5.6 Enzymes
5.6.1 Product Overview
5.6.2 India Production, 2022 (Tons)
5.6.3 India Consumption, 2022 (Tons)
5.6.4 India Supply Demand GAP, 2022 (Tons)
5.6.5 India Imports, 2022 (Tons) (USD Thousand)
5.6.6 India Exports, 2022 (Tons) (USD Thousand)
5.6.7 India Plant Set-up Cost (INR Crore)
5.6.8 Key Manufacturers in India
5.6.9 Potential End-users in India
5.7 Gelatin
5.7.1 Product Overview
5.7.2 India Production, 2022 (Tons)
5.7.3 India Consumption, 2022 (Tons)
5.7.4 India Supply Demand GAP, 2022 (Tons)
5.7.5 India Imports, 2022 (Tons) (USD Thousand)
5.7.6 India Exports, 2022 (Tons) (USD Thousand)
5.7.7 India Plant Set-up Cost (INR Crore)
5.7.8 Key Manufacturers in India
5.7.9 Potential End-users in India
5.8 Tartaric Acid
5.8.1 Product Overview
5.8.2 India Production, 2022 (Tons)
5.8.3 India Consumption, 2022 (Tons)
5.8.4 India Supply Demand GAP, 2022 (Tons)
5.8.5 India Imports, 2022 (Tons) (USD Thousand)
5.8.6 India Exports, 2022 (Tons) (USD Thousand)
5.8.7 India Plant Set-up Cost (INR Crore)
5.8.8 Key Manufacturers in India
5.8.9 Potential End-users in India
5.9 Malic Acid
5.9.1 Product Overview
5.9.2 India Production, 2022 (Tons)
5.9.3 India Consumption, 2022 (Tons)
5.9.4 India Supply Demand GAP, 2022 (Tons)
5.9.5 India Imports, 2022 (Tons) (USD Thousand)
5.9.6 India Exports, 2022 (Tons) (USD Thousand)
5.9.7 India Plant Set-up Cost (INR Crore)
5.9.8 Key Manufacturers in India
5.9.9 Potential End-users in India
5.10 Collagen
5.10.1 Product Overview
5.10.2 India Production, 2022 (Tons)
5.10.3 India Consumption, 2022 (Tons)
5.10.4 India Supply Demand GAP, 2022 (Tons)
5.10.5 India Imports, 2022 (Tons) (USD Thousand)
5.10.6 India Exports, 2022 (Tons) (USD Thousand)
5.10.7 India Plant Set-up Cost (INR Crore)
5.10.8 Key Manufacturers in India
5.10.9 Potential End-users in India
5.11 Sodium Nitrate
5.11.1 Product Overview
5.11.2 India Production, 2022 (Tons)
5.11.3 India Consumption, 2022 (Tons)
5.11.4 India Supply Demand GAP, 2022 (Tons)
5.11.5 India Imports, 2022 (Tons) (USD Thousand)
5.11.6 India Exports, 2022 (Tons) (USD Thousand)
5.11.7 India Plant Set-up Cost (INR Crore)
5.11.8 Key Manufacturers in India
5.11.9 Potential End-users in India
5.12 Ammonium Chloride
5.12.1 Product Overview
5.12.2 India Production, 2022 (Tons)
5.12.3 India Consumption, 2022 (Tons)
5.12.4 India Supply Demand GAP, 2022 (Tons)
5.12.5 India Imports, 2022 (Tons) (USD Thousand)
5.12.6 India Exports, 2022 (Tons) (USD Thousand)
5.12.7 India Plant Set-up Cost (INR Crore)
5.12.8 Key Manufacturers in India
5.12.9 Potential End-users in India
Chapter 6 India Specialty & Fine Chemicals Market: Product Estimates & Trend Analysis
6.1 Product movement analysis & market share, 2022 & 2030
6.1.1 Specialty Polymer
6.1.1.1 Specialty Polymer Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.2 Institutional & Industrial Cleaners
6.1.2.1 Institutional & Industrial Cleaners Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.3 Electronic Chemicals
6.1.3.1 Electronic Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.4 Rubber Processing Chemicals
6.1.4.1 Rubber Processing Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.5 Construction Chemicals
6.1.5.1 Construction Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.6 Food & Feed Additives
6.1.6.1 Food & Feed Additives Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.7 CASE
6.1.7.1 CASE Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.8 Water Treatment Chemicals
6.1.8.1 Water Treatment Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.9 Oilfield Chemicals
6.1.9.1 Oilfield Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.10 Cosmetic Chemicals
6.1.10.1 Cosmetic Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.11 Plastic Additives
6.1.11.1 Plastic Additives Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.12 Flavors & Fragrances
6.1.12.1 Flavors & Fragrances Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.13 Pharmaceutical & Nutraceutical Additives
6.1.13.1 Pharmaceutical & Nutraceutical Additives Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.14 Catalysts
6.1.14.1 Catalysts Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.15 Printing Inks
6.1.15.1 Printing Inks Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.16 Specialty Textile Chemicals
6.1.16.1 Specialty Textile Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.17 Specialty & Pulp Chemicals
6.1.17.1 Specialty & Pulp Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.18 Corrosion Inhibitors
6.1.18.1 Corrosion Inhibitors Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.19 Flame Retardants
6.1.19.1 Flame Retardants Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.20 Mining Chemicals
6.1.20.1 Mining Chemicals Market Estimates and Forecast, 2018 - 2030 (USD Million)
6.1.21 Other Products
6.1.21.1 Other Products Market Estimates and Forecast, 2018 - 2030 (USD Million)
Chapter 7 Competitive Landscape
7.1 Recent Development & Impact Analysis, By Key Market Participants
7.2 Company Categorization
7.3 Company Market Share Analysis, 2022
7.4 Company Heat Map Analysis
7.5 Strategy Mapping
7.5 Company Listing (Business Overview, Financial Performance, Product Benchmarking)
7.7.1 Akzo Nobel N.V.
7.7.2 Albemarle Corporation
7.7.3 Baker Hughes, a GE company LLC
7.7.4 BASF SE
7.7.5 Buckman
7.7.6 Chr. Hansen Holding A/S
7.7.7 Clariant AG
7.7.8 Cortec Corporation
7.7.9 Croda International
7.7.10 Ecolab
7.7.11 Evonik Industries AG
7.7.12 DuPont
7.7.13 LANXESS
7.7.14 Nouryon
7.7.15 SNF Group
7.7.16 Solenis
7.7.17 Solvay S.A.
7.7.18 SUEZ
7.7.19 Dow
7.7.20 The Lubrizol Corporation
7.7.21 Veolia
7.7.22 Paragon Fine and Specialty Chemical Pvt. Ltd.
7.7.23 Organo Fine Chemicals
7.7.24 Lifechem Pharma
7.7.25 Atul Ltd.
7.7.26 Infinity Specialty Chemicals
7.7.27 Jeevan Chemicals Private Limited
7.7.28 Sami-Sabinsa Group
7.7.29 Satol Chemicals
List of Tables
Table 1 List of key end-users
Table 2 Key Market Insights of Citric Acid
Table 3 Key Market Insights of Palm Oil
Table 4 Key Market Insights of Titanium Dioxide
Table 5 Key Market Insights of Hydrogen Peroxide
Table 6 Key Market Insights of Lysine
Table 7 Key Market Insights of Enzymes
Table 8 Key Market Insights of Gelatin
Table 9 Key Market Insights of Tartaric Acid
Table 10 Key Market Insights of Malic Acid
Table 11 Key Market Insights of Collagen
Table 12 Key Market Insights of Sodium Nitrate
Table 13 Key Market Insights of Ammonium Chloride
Table 14 India Specialty & Fine Chemicals Market Estimates & Forecast, by Product, 2018 - 2030 (USD Million)
Table 15 Participant’s Overview
Table 16 Financial Performance
Table 17 Product Benchmarking
Table 18 Recent Developments & Impact Analysis, By Key Market Participants
Table 19 Company Heat Map Analysis
List of Figures
Fig. 1 India Specialty & Fine Chemicals Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 India Specialty & Fine Chemicals Market Snapshot
Fig. 7 India Specialty & Fine Chemicals Market Segment Snapshot
Fig. 8 India Specialty & Fine Chemicals Market Competitive Landscape Snapshot
Fig. 9 India Specialty & Fine Chemicals Market Value, 2022 (USD Million)
Fig. 10 India Specialty & Fine Chemicals Market - Value Chain Analysis
Fig. 11 India Specialty & Fine Chemicals Market - Price Trend Analysis 2018 - 2030 (USD/kg)
Fig. 12 India Specialty & Fine Chemicals Market - Market Dynamics
Fig. 13 Porter’s Five Forces Analysis
Fig. 14 PESTEL Analysis
Fig. 15 India Specialty & Fine Chemicals Market Estimates & Forecasts, by Product: Key Takeaways
Fig. 16 India Specialty & Fine Chemicals Market Share, By Product, 2022 & 2030
Fig. 17 Specialty Polymer Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 18 Institutional & Industrial Cleaners Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 19 Electronic Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 20 Rubber Processing Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 21 Construction Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 22 Food & Feed Additives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 23 CASE Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 24 Water Treatment Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 25 Oilfield Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 26 Cosmetic Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 27 Plastic Additives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 28 Flavors & Fragrances Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 29 Pharmaceutical & Nutraceutical Additives Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 30 Catalysts Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 31 Printing Inks Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 32 Specialty Textile Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 33 Specialty & Pulp Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 34 Corrosion Inhibitors Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 35 Flame Retardants Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 Mining Chemicals Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Other Products Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Key Company Categorization
Fig. 39 Company Market Positioning
Fig. 40 Strategy mapping

Companies Mentioned

  • Akzo Nobel N.V.
  • Albemarle Corporation
  • Baker Hughes, a GE company LLC
  • BASF SE
  • Buckman
  • Chr. Hansen Holding A/S
  • Clariant AG
  • Cortec Corporation
  • Croda International
  • Ecolab
  • Evonik Industries AG
  • DuPont
  • LANXESS
  • Nouryon
  • SNF Group
  • Solenis
  • Solvay S.A.
  • SUEZ
  • Dow
  • The Lubrizol Corporation
  • Veolia
  • Paragon Fine and Specialty Chemical Pvt. Ltd.
  • Organo Fine Chemicals
  • Lifechem Pharma
  • Atul Ltd.
  • Infinity Specialty Chemicals
  • Jeevan Chemicals Private Limited
  • Sami-Sabinsa Group
  • Satol Chemicals

Methodology

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Table Information