Inorganics growing at approximately 10% CAGR, and performance plastics at 9%. (Top)
The demand for specialty chemicals industry is driven by a wide range of end use industries. The global economic slowdown has impacted adversely the growth of the key consumer industries and consequently the specialty chemicals industry in India. Chemicals being supplied to consumer industries with relatively higher export dependence e.g. Textiles witnessed a much steeper decline in growth as compared to chemicals for industries like paper where domestic demand has a predominant share in the overall demand.
Characterized by a high degree of research, intellectual capital, and skilled manpower Relies extensively on R&D for new products, hence it is capital intensive and requires economies of scale for profitability Biotechnology is expected to be the main driver of this segment in the future
Cyclical Hydrocarbons are those that are shaped in a ring formation. Acrylic Hydrocarbons are used for plastic and related products manufacture (Acrylic). Mono =1 Carboxylic acids are organic acids. Polycarbonates again have application in plastic related manufacture. Propylene and ethylene and polypropylene again, are connected to the plastic industry. India’s main exports are to the US (11%) and China (9%).
![[object Object],[object Object],[object Object],[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)