India Specialty Chemicals Market Size & Outlook, 2023-2030
India specialty chemicals market, 2018-2030 (US$B)
Related Markets
India specialty chemicals market highlights
- The India specialty chemicals market generated a revenue of USD 49.5 billion in 2023 and is expected to reach USD 79.2 billion by 2030.
- The India market is expected to grow at a CAGR of 7% from 2024 to 2030.
Specialty chemicals market data book summary
| Market revenue in 2023 | USD 49.5 billion |
| Market revenue in 2030 | USD 79.2 billion |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | |
| Key market players worldwide | Solvay SA, Evonik Industries AG, Clariant AG, Akzo Nobel NV, DuPont de Nemours Inc, Kemira Oyj, Lanxess AG, Croda International PLC, Huntsman Corp, The Lubrizol Corp, Albemarle Corp |
Other key industry trends
- In terms of revenue, India accounted for 7.7% of the global specialty chemicals market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China specialty chemicals market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 243.9 billion by 2030.
The demand for specialty chemicals in India is growing at a moderate pace owing to steady growth of end user industries in the country. Economic development coupled with infrastructural development in the country has boosted industries including construction, automotive, and manufacturing. Significant growth in end-use industries has driven the demand for construction chemicals, additives, electronic chemicals, rubber processing chemicals, and others.
India presents a rapidly developing economy in Asia Pacific with significant expansion of various end-use industries that are driving the consumption of specialty chemicals in the market. The region is also home to a major chunk of the global population, with an increasingly aware consumer base equipped with high-speed internet. This has increased the demand for semi-conductors required in electronic product manufacturing.
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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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India specialty chemicals market size, by product type, 2018-2030 (US$B)
India Specialty Chemicals Market Outlook Share, 2023 & 2030 (US$B)
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