Specialty chemicals are chemical products sold based on their performance rather than composition. They can be single chemicals or formulations that influence customer product performance and processing. Specialty chemicals provide effects that many industries rely on. They are produced by a complex, interlinked industry that has evolved significantly over time. While North American, Western European, and Japanese firms were pioneers, Chinese and Indian manufacturers are now key players in the growing industry. The specialty chemical industry saw slower growth and profitability after the 2008 recession but consumption has increased steadily since 2013-2014. The industry focuses on innovation to develop new products, increase prices, and cut costs to meet financial goals. Asia, especially China and India, are expected to see the highest growth in the
2. Specialty Chemicals
● If you want to know it in the strictest way, specialty chemicals
are chemical products that are sold on the basis of their
performance or function and not on the basis of their
composition.
● As far as their formulation is concerned, they can be
single-chemical entities or formulations whose composition
sharply influences the performance and processing of the
customer product.
● Speciality chemicals are particular chemical products which
provide wide variety of effects on which many other industry
sectors rely.
● These specialty chemicals are produced by a complex,
interlinked industry.
3. ● The specialty chemicals industry is constantly in the non-static
phase.
● It has evolved a lot since its beginning and is growing with each
passing day.
● North American, Western European, and Japanese firms were the
pioneer of this industry.
● The spread of process technology and the rapid growth of asian
economies has enabled many entrepreneurs to set up a speciality
chemical manufacturing unit.
● With the passage of time Chinese and Indian speciality chemical
manufacturers have become the key players in this industry.
Specialty Chemicals - History
4. ● During the last 10 years, the specialty chemical industry has
witnessed a slower growth giving lesser profitability margin to
the manufacturer.
● Due to the global recession, consumption of speciality
chemicals has experienced a drastic fall.
● The growth in the consumption rate started from 2013-2014 and
is going steady at the moment.
Specialty Chemicals - History
5. Specialty Chemicals – Present
Scenario
● Speciality chemical industry also has to go for constant advancements
and innovations in order to grow.
● This industry has come up with the decision of increasing the
product's price to tackle the high R&D and raw material costs.
● Manufacturers are also cutting costs and developing new products in
order to meet their financial goals.
● According to a rough estimate, during 2014-19, volume consumption
of specialty chemicals is expected to increase at around 4% globally.
● With the developed nations like North America, Western Europe, and
Japan will grow more slowly at about 2% per year, China and India
are going to grow at the highest rates.
6. ● Being the emerging markets for speciality chemical, Asia offers
more dynamic prospects because of rising consumer-driven
economies and industrialization.
● Since all the manufacturers are destined to offer the best products
and services, innovation is one of the few sources of competitive
advantage.
Specialty Chemicals – Present
Scenario
9. Specialty Chemicals – Present
Scenario
● Asia, especially China and India will witness the highest growth
in the coming years.
● Being the emerging markets for speciality chemical, Asia offers
more dynamic prospects because of rising consumer-driven
economies and industrialization.
● Since all the manufacturers are destined to offer the best products
and services, innovation is one of the few sources of competitive
advantage.
10. Who we are
● We combine economic success, social responsibility and
environmental protection. Through science and innovation, we
support our customers in nearly every industry in meeting the
current and future needs of society.
● TATVA CHINTAN aims to strengthen its position as one of the
world’s leading specialty chemical company.
● TATVA CHINTAN’s products contribute to conserving resources
and improving quality of life. Sustainability and innovation will be
significant driving forces.