ICICI Direct On Specialty Chemicals - Opportunities Galore For Indian Players
An employee prepares a solution in a flask during a test for measuring the iron content of an iron ore sample at a Bureau Veritas SA inspection and testing laboratory in Ulaanbaatar, Mongolia. (Photographer: Brent Lewin/Bloomberg)

ICICI Direct On Specialty Chemicals - Opportunities Galore For Indian Players

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

The global chemical industry size is estimated to be around 3.7 trillion pounds (4 trillion dollars), which has grown at a compound annual growth rate of approximately 4% over 2004-18.

In terms of the geographic break up, China is one of the leading players in the global chemical industry with a share of approximately 35%, followed by Europe at approximately 20%, and U.S. at approximately 15%.

India constitutes approximately 3% of the global chemical market.

Over the years, there has been a shift in the overall market share from matured markets such as Europe and the U.S. to China.

Going ahead, we expect China plus one strategy along with increase in intermediate capacity in India, recent corporate tax cuts to be a few key positives to capture the potential deal flows for Indian chemical manufacturers.

Click on the attachment to read the full report:

ICICI Direct Chemical Sector Report Oct20.pdf

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