Specialty Chemicals segment
The Specialty Chemicals segment in theIndian Chemical Industry is a new emerging sector which brings promises of huge growth.
Specialty chemicals are those chemicals which is produced at a low volume, they are high priced and usually targeted at a wide variety of markets. These chemicals are developed under the user's specifications which usually vary from one user to another.
The different Specialty chemicals:-
- Diagnostic Aids
- Adhesives
- Paper Additives
- Flavors & Fragrances
- Elastomers
- Foundry Chemicals
- Industrial Enzymes
- Cosmetic Additives
- Dyes
- Food Additives
- Metal Plating & Finishing Chemicals
- Lube Additives
- Category Specialty Chemicals
- Industrial Cleaning Agents
- Fuel Additives
- Polymer Additives
- Oilfield chemical
- Mining Chemicals
- Photographic Chemicals
- Paint Additives
- Construction Chemicals
- Rubber Chemicals
- Water Management Chemicals
- Surfactants
- Textile Auxiliaries
- Electronic Chemicals
The Specialty chemicals segment can be divided into three parts:
- LargeIndian companies like Hico Products, Balmer Lawrie
- SmallIndian companies like Ahura Chemicals
- Transnational subsidiaries like Ciba Specialty Chemicals, Color Chem, Foseco, ClariantIndia
The Specialty Chemicals segment is disunited with a huge number of companies. TNCs have a stellar inherence in this sector. Many of the present textile manufacturers are emerging as specialty chemical developers.
Major companies in the Specialty chemicals segment:
- ClariantIndia Ltd
- Ciba Specialty Chemicals
- Color Chem
- BASF
- Foseco
- Hindustan Organic Chemicals
- Balmer Lawrie
Major consumers in the Specialty chemicals segment:
- Textile industry
- Leather industry
- Paper industry
- Detergent industry
- Rubber industry
- Paints industry
- Agro chemical industry
- Oil & gas industries
Market Characteristics :-
- The specialty chemicals segment is estimated around US $ 465 million
- The industry has emerged from textile auxiliary chemical industry
Key Success Factors :-
- Application of superb engineering skills for better chemical formulations
- Customization of the chemicals for specific end users requirements
- Technical knowhow to be imported for better production
- More export oriented productions
- Formulation of policies for the better functioning of the industry
Future of the Specialty chemicals segment:-
- Focus on improvement in efficient processes for enhanced productivity
- India to be one of the main source of base materials
- The demand of the segment depend on the demand of the end users
Last Updated on 13 December 2011
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