Triggered by the economic downturn-slowdowns in key end use industries and inventory adjustments across the supply chain have impacted the growth momentum of the Indian specialty chemicals industry. A revival of domestic demand and competitiveness as a global supply base should enable India to establish itself as an emerging specialty chemicals hub. The big question is when will the revival happen?
Indian specialty chemicals in 2006-07: An unfolding growth story
The Indian specialty chemicals industry estimated at ~ USD 18Bn (including knowledge chemicals) in 2006-07 was an unfolding growth story. While the growth in developed markets of US, Europe and Japan had stagnated, the Indian specialty chemicals market continued to grow and was projected to double over the next five years. So what has changed in the past one year or so? The economic slowdown has adversely affected the growth of several industries across the world. The Indian chemicals industry in general and the specialty chemicals segment in particular, have been no different. In this article we explore whether the economic slowdown has fundamentally changed the script of the growth story or the Indian specialty chemistry industry would continue to chart its growth path.
&sec=article&uinfo=<%=server.URLEncode(2186)%>" target="_blank">
&sec=article&uinfo=<%=server.URLEncode(2186)%>" target="_blank">Read Full Report
About the Authors
The authors are associated with Tata Strategic Management Group, Mumbai, India.
Responsibility:
Fibre2fashion.com does not warrant or assume any legal liability or responsibility for the excellence, accurateness, completeness, legitimacy, reliability or value of any information, product or service represented on Fibre2fashion.com. The information provided on this website is for educational or information purposes only. Anyone using the information on Fibre2fashion.com, does so at his or her own risk, and by using such information agrees to indemnify Fibre2fashion.com, and its content contributors from any and all responsibility, loss, damage, costs and expenses (including legal fees and expenses), resulting from such use.
No Endorsement:
Fibre2fashion.com does not endorse or recommend any article on this site or any product, service or information found within said articles. The views and opinions of the authors who have submitted articles to Fibre2fashion.com belong to them alone and do not reflect the views of Fibre2fashion.com.
If you wish to reuse this content on web, print or any other form, please seek for an official permission by writing to us on editorial@fibre2fashion.com
Subscribe today and get the latest information on Textiles, Fashion, Apparel.