Market revenue in 2024 | USD 62,856.0 million |
Market revenue in 2030 | USD 89,203.3 million |
Growth rate | 6% (CAGR from 2025 to 2030) |
Largest segment | Case |
Fastest growing segment | Pharmaceutical Additives |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | CASE, Institutional & Industrial Cleaners, Rubber Processing Chemicals, Food & Feed Additives, Cosmetic Chemicals, Oilfield Chemicals, Specialty Pulp & Paper Chemicals, Specialty Textile Chemicals, Water Treatment Chemicals, Construction Chemicals, Electronic Chemicals, Mining Chemicals, Pharmaceutical Additives, Other Industries |
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 |
Case was the largest segment with a revenue share of 38.44% in 2024. Horizon Databook has segmented the India specialty chemicals market based on case, institutional & industrial cleaners, rubber processing chemicals, food & feed additives, cosmetic chemicals, oilfield chemicals, specialty pulp & paper chemicals, specialty textile chemicals, water treatment chemicals, construction chemicals, electronic chemicals, mining chemicals, pharmaceutical additives, other industries covering the revenue growth of each sub-segment from 2018 to 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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