Specialty Chemicals - Genie Is Out: Motilal Oswal
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Motilal Oswal Report
Globally, the specialty chemicals business accounts for ~20% of the $4 trillion chemicals industry.
From having an insignificant presence (4.5%) in this segment, India’s share in specialty chemicals is expected to double over the next five years – at a ~12% compound annual growth rate to $64 billion by CY25.
Various factors favor the specialty chemicals industry in India, including:
Strong domestic consumption – led by a young population (median age of 28 years), a high percentage (~67%) of which forms the working age group,
Favorable labor cost (one-third that of China / half that of Vietnam), and
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