Prospects may be turning around for India specialty chemicals companies

Q2 of 2021-22 saw lower margins due to cost pressures

India’s specialty chemicals segment may have a new opportunity in the wake of Covid-19. Consumers across the globe are diversifying away from China (which holds close to 36 per cent global market share) and that country has cracked down on many segments to cut pollution.

India has quite a few companies well placed to pick up some market share, in the circumstances and there could be acceleration in export growth as well as stable local double-digit demand. The Indian specialty chemicals industry currently generates revenues of approximately $32 billion and the favourable macro-factors mentioned above could help it grow by