Specialty chemicals are produced by a complex, interlinked industry. These are chemical products that are sold on the basis of their performance or function, rather than for their composition. They can be single-chemical entities or formulations (combinations of several chemicals) whose composition sharply influences the performance and processing of the consumer product. Products and services in the specialty chemicals industry require intensive knowledge and ongoing innovation.TatvaChintan is one of the world’s leading specialty chemical company in the Pharmaceutical Drug Development Industry.
Antimicrobial Coatings Market is expected to grow to US$4.929 billion by 2021, from US$2.845 billion in 2015 at a compound annual growth rate of 9.59% over the forecast period.
Polypropylene has several characteristics such as high resistance to cleaning agents, disinfectants and various chemicals which makes it best suited to be used in medical applications. Polypropylene is a highly versatile polymer, used popularly in medical sciences for manufacturing syringes, surgical trays, inhalers, needle protectors and several instrument components.
Antimicrobial Coatings Market is expected to grow to US$4.929 billion by 2021, from US$2.845 billion in 2015 at a compound annual growth rate of 9.59% over the forecast period.
Polypropylene has several characteristics such as high resistance to cleaning agents, disinfectants and various chemicals which makes it best suited to be used in medical applications. Polypropylene is a highly versatile polymer, used popularly in medical sciences for manufacturing syringes, surgical trays, inhalers, needle protectors and several instrument components.
China's chemical market is the world's largest which currently faces production overcapacity, slow growth of local demand, and high competition intensity. In this white paper, Solidiance addresses the questions on how to grow and maintain market position as many emerging competitors are moving up to the value chain through product upgrade, continuous innovation, and business expansion.
The answers are “The New Chemical Era in China” which will come up as the phenomenon resulting from the ability of different chemical companies to create their market identities to gain competitiveness.
This phenomenon is expected to gradually open new opportunities in development of different industry sectors, such as automotive, energy, construction, as well as electrical & electronic (E&E).
Automotive coatings market is anticipated to reach USD 35.82 billion by 2026. Escalating demand for coating materials in automobiles owing to its growing popularity of protecting car paints from extreme heat, acid rain, dust, UV radiations etc. along with its inherent characteristics of enhancing vehicle appearance are expected to be the major factors driving the demand for automotive coatings. These products are used for coating surfaces of automobiles and are capable of producing long-lasting surfaces in automobile satisfying customers’ needs along with maximizing efficiencies, enhancing appearance and meeting environmental regulations.
Export Potentiality of Pharmaceutical goods in BangladeshHr Shamim
The pharmaceutical industry is one of the most dynamic and powerful sectors in Bangladesh. It is technologically one of the most developed manufacturing industries and currently contributes about one percent to total GDP with great potential for expansion. Total domestic healthcare expenditures are currently approximately three percent of GDP, offering substantial opportunity for domestic pharmaceutical sales in addition to exports. The World Trade Organization's (WTO) Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement permits Bangladesh to reverse-engineer patented generic pharmaceutical products to sell locally and export to markets around the world.
Lucintel forecasts that plasticizer will remain the largest additive type over the forecast period supported by growth in demand for flexible polyvinyl chloride (PVC) plastic in film & sheet, wire & cable, and flooring applications. Lucintel predicts that the flame retardant additive is expected to witness the highest growth during the forecast period due to more stringent fire safety standards and growth in the markets of construction and electrical & electronics.
Aerosol Cans market is projected to grow at a CAGR of 3.57% during the forecast period to reach a total market size of US$82.050 billion in 2022 from US$66.491 billion in 2016.
Superfine Talc Market Report: Trends, Forecast and Competitive AnalysisLucintel
Lucintel forecasts that plastic will remain the largest application, and it is also expected to witness the highest growth over the forecast period due to growth in automotive production and increasing plastic content per vehicle. #SuperfineTalcMarket, #SuperfineMarket, #TalcMarket
Fillers in the Personal Care Market Report: Trends, Forecast and Competitive...Lucintel
Lucintel forecasts that talc will remain the largest filler type segment due to their wide usage as fillers in face powder, foundation, face cream, and blushers. Lucintel predicts that mica filler will witness the highest growth over the forecast period due to increasing consumption of mica in color cosmetic products. #FillersinthePersonalCareMarket, #PersonalCareMarket, #FillersinthePersonalCare
In North America, severe shortage of Helium was observed during Q1 2021. As a consequence of the winter storm across the USA gulf coast several plants went through an unplanned shutdown. BLM (Bureau of Land Management) had shut down its Texas based Helium enrichment unit during March for couple of weeks.
Market Research Reports, Inc. has announced the addition of “2015 Deep Research Report on Global Maternity Clothing Industry” research report to their offering. See more at- http://mrr.cm/4qX
Filled Thermoplastics in the Asian Consumer Goods Market Report: Trends, Fore...Lucintel
Lucintel forecasts that polypropylene resin based filled thermoplastics will remain the largest segment by value and volume. The growing use of lightweight materials and comparatively lower cost than other thermoplastic resins is likely to drive the consumption of polypropylene based filled thermoplastics over the forecast period. #FilledThermoplasticsintheAsianConsumerGoodsMarket, #AsianConsumerGoodsMarket, #ThermoplasticsMarket
Market Research and Analysis of the Brand Pigeon(Stovekaft) in KolkataNavoditThapa
Hi, I am Navodit Thapa, during my 3rd-semester pursuing an MBA in Marketing at Calcutta Institute of Engineering and Management, Kolkata.
I had the opportunity to work as a Trade Marketing Intern at StoveKraft Limited.
I was assigned the Research work of Analysis of the brand's presence and its performance against its competitors in the Kolkata Consumer Durables Industry.
I had wonderful work experience with the company even though it was only for a month.
Here I am Publishing my research project, hopefully, it will be helpful to someone someday.
Thank you
The high profit margins in the specialty chemicals sector in India has drawn many companies to enter this sector. India is witnessing a huge demand for chemicals and this demand, giving rise to more manufacturers who want to take advantage of this boom. In this globalized economy, you have to be on your toe to give the best product at the most affordable price. Pharmaceutical industry plays an vital role in the world's economy as well as in ensuring the welfare of its citizen. TatvaChintan is one of the world’s leading specialty chemical company in the Pharmaceutical Drug Development Industry.
Indian Chemical Industry Challenges and OpportunitiesResurgent India
Chemicals are one of the key input materials that are used across a wide range
of industrial and consumer sector. On account of its wide-ranging application, the
chemical manufacturing sector has emerged as a key economic activity in the
country.
China's chemical market is the world's largest which currently faces production overcapacity, slow growth of local demand, and high competition intensity. In this white paper, Solidiance addresses the questions on how to grow and maintain market position as many emerging competitors are moving up to the value chain through product upgrade, continuous innovation, and business expansion.
The answers are “The New Chemical Era in China” which will come up as the phenomenon resulting from the ability of different chemical companies to create their market identities to gain competitiveness.
This phenomenon is expected to gradually open new opportunities in development of different industry sectors, such as automotive, energy, construction, as well as electrical & electronic (E&E).
Automotive coatings market is anticipated to reach USD 35.82 billion by 2026. Escalating demand for coating materials in automobiles owing to its growing popularity of protecting car paints from extreme heat, acid rain, dust, UV radiations etc. along with its inherent characteristics of enhancing vehicle appearance are expected to be the major factors driving the demand for automotive coatings. These products are used for coating surfaces of automobiles and are capable of producing long-lasting surfaces in automobile satisfying customers’ needs along with maximizing efficiencies, enhancing appearance and meeting environmental regulations.
Export Potentiality of Pharmaceutical goods in BangladeshHr Shamim
The pharmaceutical industry is one of the most dynamic and powerful sectors in Bangladesh. It is technologically one of the most developed manufacturing industries and currently contributes about one percent to total GDP with great potential for expansion. Total domestic healthcare expenditures are currently approximately three percent of GDP, offering substantial opportunity for domestic pharmaceutical sales in addition to exports. The World Trade Organization's (WTO) Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement permits Bangladesh to reverse-engineer patented generic pharmaceutical products to sell locally and export to markets around the world.
Lucintel forecasts that plasticizer will remain the largest additive type over the forecast period supported by growth in demand for flexible polyvinyl chloride (PVC) plastic in film & sheet, wire & cable, and flooring applications. Lucintel predicts that the flame retardant additive is expected to witness the highest growth during the forecast period due to more stringent fire safety standards and growth in the markets of construction and electrical & electronics.
Aerosol Cans market is projected to grow at a CAGR of 3.57% during the forecast period to reach a total market size of US$82.050 billion in 2022 from US$66.491 billion in 2016.
Superfine Talc Market Report: Trends, Forecast and Competitive AnalysisLucintel
Lucintel forecasts that plastic will remain the largest application, and it is also expected to witness the highest growth over the forecast period due to growth in automotive production and increasing plastic content per vehicle. #SuperfineTalcMarket, #SuperfineMarket, #TalcMarket
Fillers in the Personal Care Market Report: Trends, Forecast and Competitive...Lucintel
Lucintel forecasts that talc will remain the largest filler type segment due to their wide usage as fillers in face powder, foundation, face cream, and blushers. Lucintel predicts that mica filler will witness the highest growth over the forecast period due to increasing consumption of mica in color cosmetic products. #FillersinthePersonalCareMarket, #PersonalCareMarket, #FillersinthePersonalCare
In North America, severe shortage of Helium was observed during Q1 2021. As a consequence of the winter storm across the USA gulf coast several plants went through an unplanned shutdown. BLM (Bureau of Land Management) had shut down its Texas based Helium enrichment unit during March for couple of weeks.
Market Research Reports, Inc. has announced the addition of “2015 Deep Research Report on Global Maternity Clothing Industry” research report to their offering. See more at- http://mrr.cm/4qX
Filled Thermoplastics in the Asian Consumer Goods Market Report: Trends, Fore...Lucintel
Lucintel forecasts that polypropylene resin based filled thermoplastics will remain the largest segment by value and volume. The growing use of lightweight materials and comparatively lower cost than other thermoplastic resins is likely to drive the consumption of polypropylene based filled thermoplastics over the forecast period. #FilledThermoplasticsintheAsianConsumerGoodsMarket, #AsianConsumerGoodsMarket, #ThermoplasticsMarket
Market Research and Analysis of the Brand Pigeon(Stovekaft) in KolkataNavoditThapa
Hi, I am Navodit Thapa, during my 3rd-semester pursuing an MBA in Marketing at Calcutta Institute of Engineering and Management, Kolkata.
I had the opportunity to work as a Trade Marketing Intern at StoveKraft Limited.
I was assigned the Research work of Analysis of the brand's presence and its performance against its competitors in the Kolkata Consumer Durables Industry.
I had wonderful work experience with the company even though it was only for a month.
Here I am Publishing my research project, hopefully, it will be helpful to someone someday.
Thank you
The high profit margins in the specialty chemicals sector in India has drawn many companies to enter this sector. India is witnessing a huge demand for chemicals and this demand, giving rise to more manufacturers who want to take advantage of this boom. In this globalized economy, you have to be on your toe to give the best product at the most affordable price. Pharmaceutical industry plays an vital role in the world's economy as well as in ensuring the welfare of its citizen. TatvaChintan is one of the world’s leading specialty chemical company in the Pharmaceutical Drug Development Industry.
Indian Chemical Industry Challenges and OpportunitiesResurgent India
Chemicals are one of the key input materials that are used across a wide range
of industrial and consumer sector. On account of its wide-ranging application, the
chemical manufacturing sector has emerged as a key economic activity in the
country.
RBSA-RR-Specialty Chemicals-An opportunity for Make in India.pdfRBSA Advisors
These are interesting times for the Specialty Chemicals industry in India, in view of the current global market trends in this sector. The supply chain issues faced by manufacturers around the world, have brought greater momentum to the China +1 theme thereby creating incentives for Indian manufacturers to invest and grow.
Production of Chemicals (2-Chloro-6 (Trichloromethyl) -Pyridine, Alkylamines, Alum, Zinc Sulphate, Sulfur and Sulfuric Acid, Solvents, Silicone Resin, Silica Gel Sio2nh2o, Salicylic Acid, Saccharin, Rubber & Rubber Chemicals, Resorcinol (3-Hydroxy Phenol), Red Lead (Pb3o4), Red Iron Oxide, Potassium Permanganate (Kmno4), Plasticiser, Phosphorus and Phosphates, Perfumery, Fragnance and Flavour)
The chemical industry comprises the companies that produce industrial chemicals. Central to the modern world economy, it converts raw materials (oil, natural gas, air, water, metals, and minerals) into more than 70,000 different products.
The plastics industry contains some overlap, as most chemical companies produce plastic as well as other chemicals.
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Chemical Manufacturing, Chemical Industry, Chemical Processing, Chemical Process Industry, Chemical Production Process, Manufacturing Chemicals, Chemicals Manufacture, Manufacture of Chemicals, Chemical Processing Plants, Chemical Manufacturing Process, Process and Chemical Industries, Chemical Production, Manufacture and Uses of Chemicals, Chemical Manufacturing Process, Chemical Plants, Products for Chemical Processing Industry, Chemicals Manufacturing Industries in India, Chemical Manufacturing Plants, Chemical Manufacturing & Processing, Chemical Plants & Equipment, Chemical Manufacture Business Plan, Small Scale Chemical Business Ideas & Opportunities, Startup Guide for Chemical Manufacturing Business, Profitable Chemical Business Ideas, Chemical Business Ideas, Production Chemical Business Plan, How to Start Chemical Trading Business, Chemical Business Ideas in India, How to Start Chemical Business, Investment Opportunities in Chemical Industry, Opportunities in Chemical Business, How to Start Chemical Trading Business in India, Chemical Business Opportunities, Startup Guide for Chemical Manufacturing Business, Small Chemical Business Ideas, Starting Chemical Business, How to Start Your Own Chemical Business, Chemical Manufacturing Business Ideas, Chemical Manufacturing Plants, Chemical Plant In India, 2-Chloro-6(Trichloromethyl)-Pyridine Manufacturing Process, Alkylamines Manufacturing Process, Process of Alum Plant, Alum Manufacturing Plant, Alum Production Plant, Bleaching Powder Production, Manufacturing of Bleaching Powder, Small-Scale Manufacture of Bleaching Powder, Process for Production of Bleaching Powder, How to Make Bleaching Powder, Bleaching Powder Manufacturing Plant, Ceramic Chemicals Manufacturing Process
Plastic Additives Market - Global Industry Insights, Trends, Outlook, and Opp...Mayuri Deore
Plastic additives are used to improve ease of processing of plastics by increasing the flow ability. Internal lubricants help to improve the melt flow of material by dropping the heat dissipation and viscosity
Chemicals Global Market Report provides strategists, marketers and senior management with the critical information they need to assess the global chemical sector.
The total value of the chemicals sector globally in 2014 was $4,406 billion. Related to a world population of more than 7 billion in 2014 this equates to about $629.4 per person per annum.
The chemical industry is one of the largest manufacturing industries in the world. It manufactures a variety of chemical products by processing raw materials such as air, water, natural gas, oil, metals and minerals.
Market Research Reports, Inc. has announced the addition of “Food Preservatives - Global Market Outlook (2016-2022)” research report to their offering. See more at - http://mrr.cm/3CF
Vinati Organics Ltd. (VOL) was established in 1989 to manufacture specialty organic chemical. VOL is a specialty chemical company manufacturing aromatics, monomers, polymers and other specialty products. Today, the company is a leader in its field and has a strong market presence in over 22 countries.
Being a part of the chemical industries, you need to be very meticulous while performing any activity. So what type of safety training is provided by the chemical industries to ensure that the employees and other working staff are safe and secure? Read this PPT to know more about it!
The spread of Covid-19 has spurred a surge in demand for disinfectants to keep the surfaces clean. But what do we know about how disinfectants deactivate Covid-19?
The spread of Covid-19 has spurred a surge in demand for disinfectants to keep the surfaces clean. But what do we know about how disinfectants deactivate Covid-19?
Phase Transfer Catalysts is reshaping today’s polyester industry because it offers a lot of amazing benefits like higher conversion rates and faster chemical reactions. In this PPT by TATVA CHINTAN, we will study the Importance of Phase Transfer Catalysts for Polyester Industry.
Chemical Industries are the place where the production of chemicals is performed. It contributes to the half of the world economy and forms an important part of the industrial sector with the advancement in technology, every sector is becoming tech-oriented including the chemical industry. TatvaChintan – a leading manufacturer of chemicals – explain the emergence of latest technology in the chemical industry.
Quaternary Ammonium Compounds, abbreviated as Quats, are produced in massive quantities every year in the chemical industry. It has found its use in several applications due to its microbiological property. There are hundreds of categories of this product, each serving as an individual chemical. TatvaChintan, a leading manufacturer of chemical products, provides a detailed insight with an in-depth study of the chemical composition and uses of Quaternary compounds in this piece.
A poor quality medicine may contain toxic substances that have been unintentionally added. A medicine that contains little or none of the claimed ingredient will not have the intended therapeutic effect. Good manufacturing practice (GMP) is a system for ensuring that products are consistently produced and controlled according to quality standards. It is designed to minimize the risks involved in any pharmaceutical production that cannot be eliminated through testing the final product.
The chemical industries are the primary factors to convert raw materials into the desired items that people use in day-to-day life. It has brought a big change in every way things operate. The chemical manufacturers play a huge role and very important for everyone as they touched every industry including food, transportation, entertainment, agriculture, and so on. It has also used in recycling industries to curb the usage of the virgin products. Recycling helps a lot in using waste materials and provides a more life-cycle for the items.
Chemical enterprises include chemical industries, trade association related to them, government laboratories and academic research institutions which train workforces related to this field in advanced science. The chemical industries have a huge role to play in sustainable development by providing chemicals and various other chemicals which efficiently uses natural resources and thus help in conserving energy. This ultimately protects the environment and improves human health.
India has gained immense progress in the field of pharmaceutical industry. Pharmaceutical industry is important in India due to certain reasons like Research & Development related to various vaccines. Pharmaceutical industry plays an vital role in the world's economy as well as in ensuring the welfare of its citizen. TatvaChintan is one of the world’s leading specialty chemical company in the Pharmaceutical Drug Development Industry.
The hydration of the hydroxide ion (OH-) is very important for biological and non-biological processes. Unfortunately, it is neither well-known nor simply described. Most experimental structural work on this hydrated ion involves concentrated or very concentrated solutions, containing structure-disruptive cations. Within such experimental environments, the basic tetrahedral structuring of water is destroyed and the specific effects of solvent separated and contact ion pairs are introduced and confuse any results. TatvaChintan provides pharmaceuticals raw materials that have proved to be a bane for pharmaceutical companies. It is a leading manufacturer, supplier and exporter of Hydroxides and its products in India
Electrolytes also known as polar molecules are bonded by ionic bond. They conduct electricity in molten or dissolved state.TatvaChintan Pharma Chem is a renowned company that manufactures electrolytic chemicals.
Ionic liquids are excellent substitutes for traditional organic solvents in many typical organic reactions, often producing higher selectivities as well as higher yields, and enhancing the reaction rate. Tatva chintan is a globally recognized, integrated pharmaceutical company with core competencies in the development and manufacture of ionic liquids.
Tatvachintan Pharma Chem Pvt. Ltd. is globally recognized as leading Pharmaceutical ingredients manufacturing company. We are renowned chemical/drug suppliers of India engaged in manufacture, export, import & supply of quaternary ammonium compounds, phase transfer catalysts (PTC), bulk API, hydroxides, ionic liquids and related products. For more brief information visit our site at www.tatvachintan.com.
We are renowned Chemical/Drug Suppliers of India engaged in manufacture, export, import & supply of quaternary ammonium compounds, Phase Transfer Catalysts (PTC), Bulk API, Hydroxides, Ionic Liquids etc.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Personal Brand Statement:
As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
Discover the innovative and creative projects that highlight my journey throu...
Chemical Industry | Specialty Chemicals & its impact on Chemical Industry
1. Speciality Chemical-Role in Chemical Industry
What is Speciality Chemical?
Speciality chemicals (also called specialties or effect chemicals) are particular chemical products
which provide wide variety of effects on which many other industry sectors rely. These specialty
chemicals are produced by a complex, interlinked industry. If you want to know it in the strictest
way, specialty chemicals are chemical products that are sold on the basis of their performance or
function and not on the basis of their composition. As far as their formulation is concerned, they can
be single-chemical entities or formulations (combinations of several chemicals) whose composition
sharply influences the performance and processing of the customer product.
Its Journey
The specialty chemicals industry is constantly in the non-static phase. It has evolved a lot since its
beginning and is growing with each passing day. North American, Western European, and Japanese
firms were the pioneer of this industry. With the advent of liberalization, this industry started
moving its base towards Middle East as cheap petrochemical feedstocks was available here. The
spread of process technology and the rapid growth of asian economies has enabled many
entrepreneurs to set up a speciality chemical manufacturing unit. With more and more
manufacturing units being set up, this industry has grown in leaps and bounds across the globe.
With the passage of time Chinese and Indian speciality chemical manufacturers have become the
key players in this industry. Since when China has shifted its focus from exports to meeting its
domestic needs, it has lost its position as the low-cost producer. With technological advancements
competition has increased giving rise to commoditized products. During the last 10 years, the
specialty chemical industry has witnessed a slower growth giving lesser profitability margin to the
manufacturer. Due to the global recession, consumption of speciality chemicals has experienced a
drastic fall. The growth in the consumption rate started from 2013-2014 and is going steady at the
moment.
Present Scenario
As the case with every other thing, Speciality chemical industry also has to go for constant
advancements and innovations in order to grow. This industry has come up with the decision of
Pharmaceutical Raw Material Company
2. Speciality Chemical-Role in Chemical Industry
increasing the product's price to tackle the high R&D and raw material costs. Manufacturers are
also cutting costs and developing new products in order to meet their financial goals. According to a
rough estimate, during 2014-19, volume consumption of specialty chemicals is expected to increase
at around 4% globally. With the developed nations like North America, Western Europe, and Japan
will grow more slowly at about 2% per year, China and India are going to grow at the highest rates.
Developed nations are witnessing a slower growth on account of their debt, adverse demographic
factors, and tighter fiscal policies. Asia, especially China and India will witness the highest growth
in the coming years. Being the emerging markets for speciality chemical, Asia offers more dynamic
prospects because of rising consumer-driven economies and industrialization. Since all the
manufacturers are destined to offer the best products and services, innovation is one of the few
sources of competitive advantage.
As said earlier, Asia emerging as one of the most sought after destination for manufacturing of
Speciality Chemical, many firms such as Amritlal Chemaux Ltd, Tatvachintan Pharmachem Pvt.
Ltd, Auxichem, Brisk Chemical Industries have set up their manufacturing unit in India. These
firms are manufacturers, suppliers and exporters of speciality chemicals. India stands out among
others as far as demography and availability of technical manpower is concerned. Specialty
chemical industry like pharma stands out to gain rich dividend from this. The critical success factor
for the industry is its capability to provide products at a favourable price performance ratio.
Specialty chemicals industry is not all about economies of scale, but economies of scope as same
product can be used for multiple applications. The scope is vast, limited only by one's imagination.
Companies can use specialty chemicals to develop new products to give them competitive edge in
the market place. So take a plunge in this huge market and reap the dividends from this opportunity.
Pharmaceutical Raw Material Company