Indian Basic Chemical Sector - Demand Headwinds Due To Resurgence Of Covid-19 To Ease: ICRA
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ICRA Research Report
The Covid-19 pandemic has impacted demand for basic chemicals though the severity varies across the industry.
Food packaging, pharma, sanitary and medical applications, are witnessing a surge, primarily due to stockpiling, an increase in delivery services, and the high healthcare-focused activities.
Other major consuming sectors, such as automotive sector have been severely impacted.
Most basic chemicals have a diverse range of end-user industries thereby softening the impact of severe slowdown in any one industry on consumption.
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