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Specialty Chemicals Market in India to Reach $40 Billion in Next Three Years

7:58 AM MDT | April 14, 2010 | Deepti Ramesh

The specialty and knowledge chemicals market in India could reach a size of $40 billion in the next 2-3 years, from $18 billion in 2006, Pratik Kadakia, practice head/chemicals & energy at Tata Strategic Management Group (TSMG; Mumbai) told conference delegates in a presentation today, at the Chemical Weekly 11th Annual Business Outlook Conference in Mumbai. The growth rate in the specialty chemicals market in India is expected to return to the pre-global-slowdown rate of 15%/year in the next two years, Kadakia says. End-user market growth and evolving...

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