India Specialty Chemicals Market Size & Outlook, 2024-2030
India specialty chemicals market, 2018-2030 (US$M)
Related Markets
India specialty chemicals market highlights
- The India specialty chemicals market generated a revenue of USD 62,856.0 million in 2024 and is expected to reach USD 89,203.3 million by 2030.
- The India market is expected to grow at a CAGR of 6% from 2025 to 2030.
- In terms of segment, case was the largest revenue generating industry in 2024.
- Pharmaceutical Additives is the most lucrative industry segment registering the fastest growth during the forecast period.
Specialty chemicals market data book summary
| 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 |
Other key industry trends
- In terms of revenue, India accounted for 6.4% of the global specialty chemicals market in 2024.
- Country-wise, U.S. 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.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 89,203.3 million by 2030.
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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Specialty Chemicals Market Scope
Specialty Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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India Industry - Specialty Chemicals Market size, 2024 - 2030 (US$M)
India Specialty Chemicals Market Outlook Share, 2024 & 2030 (US$M)
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