Chinese blessing for the chemicals industry

This slowdown in China's chemicals industry is providing an opportunity to India to enhance its share in the global export market, according to a Crisil report

Rs 6.3-6.8 lakh crore – Size of the domestic chemical industry in fiscal 2019

7-8% – compounded annual growth rate it has grown during fiscals 2014 to 2019

Specialty chemicals consumption in India is low compared with the global average

Increasing availability of basic chemicals likely to support further investments

20-25% – share of specialty chemicals in chemical industry

12-13% – CAGR specialty chemicals set to grow over the next five years