Specialty Chemicals - Strategic Forces Supporting Sector Growth: KRChoksey
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KRChoksey Research Report
India is witnessing transition in the economy with the rise in consumption of specialty and fine chemicals.
With focus on improving products and usage intensity of specialty chemicals, we believe it has the opportunity to climb the supply chain ladder and thus the industry is poised for strong growth in India.
Specialty chemicals industry is not much about economies of scale (like in case of commodity chemicals), but about economies of scope as same product (specialty chemical) can be used for numerous applications.
Major cost centre in the industry is not feedstock or raw material, but product development and marketing activities.
India stands out as far as demography and availability of technical man-power is concerned.
Specialty chemicals industry, stands to gain rich dividend from this.
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