Globally, the specialty chemicals market is projected to grow to US $954 billion globally by 2027 from US $711 billion in 2019, registering a CAGR of 5% from 2020 to 2027
Indian Chemical News (ICN), India's most credible information portal for the chemicals, petrochemicals, and allied industries, is organizing a specialty chemicals Growth E-conference on November 17, 2021.
The topic for the e-Conference is "Specialty Chemicals: Taking The Right Path For Growth". Please register as delegate for the E-conference by clicking on the link.
The speakers for Specialty Chemicals e-Conference are: Rupark Sarswat, CEO, India Glycols; Abhay V. Udeshi, Chairman, Jayant Agro Group; Rajen Mariwala, Managing Director, Eternis Fine Chemicals; Sunil Chari, MD & Co-Founder, Rossari Biotech; Anjani Prasad, Managing Director - India, Nepal & Sri Lanka, Archroma; Saiprasad Jadhav, CEO & Ex Director, Epsilon Carbon, Dr. Rafi Shaik, Founder & Chief Scientific Officer, Carbanio; Dr. Manoj Surwade, Sales Development Manager, Chemical & Energy Market, Agilent Technologies; and Pravin Prashant, Editor, Indian Chemical News.
Globally, the specialty chemicals market is projected to grow to the US $954 billion globally by 2027 from the US $711 billion in 2019, registering a CAGR of 5% from 2020 to 2027, according to Allied Market Research.
Presently, Asia Pacific contributed the highest share to the global market, accounting for more than one-third of the total market share in 2019, and will maintain its dominance throughout the forecast period. In addition, the Asia Pacific region is expected to grow at the highest CAGR of 5.9% from 2020 to 2027 due to rapid industrialization in China, India, and Japan; increased demand for pharmaceutical grade specialty chemicals, oil products, electronics, electronic chemicals, and oilfield chemicals amongst others.
The Specialty Chemicals sector has consistently been witnessing new product launches, business collaboration, and acquisition amongst others. Even R&D is playing a major role in facilitating the growth of the sector with non-fossil-based products as the production of novel eco-friendly Specialty Chemicals creates new opportunities in the coming years.
The key discussion points for the E-conference are: Setting a target of 10% of global demand; growing domestic market; accelerating R&D ecosystem through innovation and patents; extra attention towards environment and sustainability; focus on sustainable and green molecules; adopting global regulations; better infrastructure and logistics; building better tax infrastructure; adapting to future regulations; and reducing carbon emissions.
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