India specialty chemical market is anticipated to grow at a considerable CAGR of 9.5%. The rising utility of agrochemicals in the country to meet the growing needs for sustainable crop production is a key factor contributing towards the growth of India’s specialty chemical market. India is an agriculture-based country with approximately 75% of the population is reliant on farming, directly or indirectly. India has witnessed significant demand for agrochemicals owing to the increasing government focus towards food security and the increasing demand for biodegradable materials in the agriculture sector.
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In India, a centrally sponsored scheme, National Food Security Mission was launched in 2007 to accelerate the production of wheat, rice, coarse cereals, and commercial crops through increasing productivity and area expansion. This, in turn, is driving the demand for agricultural films for crop protection from the weeds’ proliferation as it, inhibits the growth of weeds’ from restricting the plants’ development. The emerging greenhouse concept in the country is further accelerating the adoption of mulch and silage films that are used to cover greenhouses. Mulch and silages are mainly made up of agro plastic which in turn is estimated to drive the growth of India’s specialty chemical market.
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- Market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered- By Product Type
- Competitive Landscape- BASF India Ltd., Aarti Industries Ltd Atul Ltd., Navin Fluorine International Ltd., Vinati Organics Ltd.
India Specialty Chemicals Market report Segment
By Product Type
- Cleaning Chemicals
- Construction Chemicals
- Electronic Chemicals
- Food Additives
- Adhesive & Sealants
- Specialty Coatings
- Paper & Textile Chemicals
- Lubricants & Oilfield Chemicals
- Polymers & Plastic Additives
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