Resilience in the chemical supply chains points toward the logistics partner’s robust ability to speed up or slow down the flow of goods depends on external requirements
The company adheres to sustainable manufacturing practices and embraces sustainability and eco-friendliness across its business operations
The company has expanded its horizons by setting up a new division - Soujanya Life Sciences for key ingredients in pharmaceuticals and agrochemicals
However, 2021 was a special year as around 42% of deals, by value, were
Having emerged as a strong alternative to China, Indian specialty chemicals industry could have a clear edge albeit promising policies and diversification by key players
The company is strengthening its position as a fully integrated complex to ensure the availability of raw material within the plant
These sectors shall gain immensely from policy reforms, and a culture of innovation, as applications proliferate and new materials come to the fore
.JPG "Changing trends in adhesive market towards sustainability")
Adhesive producers are focusing on product innovation, reducing environmental impact of production processes, and improving sustainable performance of products through formulations
With Tanfac acquisition, Anupam will become one of the rare companies who can manufacture HF/KF, intermediates based on HF/KF, advance intermediates and finally active ingredients/end products
The market share of the top 20 ChemCos has reduced from 19% to 14% over the past 15 years creating opportunities for carve-out acquisitions
Integral to India’s economic surge and its aspirations to become a global manufacturing hub by fulfilling end-consumer needs
There is a chance to move away from processing virgin crude oil and replace it with renewable feedstocks
The sector is now utilising its R&D facilities, to develop newer products that are safer, more effective, and on par with international standards
LanzaTech has even produced novel biocatalyst strains capable of producing chemical intermediates beyond Ethanol, such as Isopropanol and Acetone, with more in the pipeline, supporting India’s strategic expansion into sustainable chemicals
Energy policy is a long game and maybe it’s just not suited to being managed by politicians with inevitable short-term horizons.
Not only does it enable plant-specific learning but reduces risks and cost while speeding up training time
Government’s initiative to sanction the PLI Scheme for chemical manufacturers will help us convert challenges into opportunities and realign supply chain from China to India thus making India a major chemical manufacturing hub globally
India is facing cut throat competition from other Asian giants like China, Japan, Thailand, Malaysia, and South Korea
CAGR production of chemicals and petrochemicals during the period 2015-16 to 2019-20 was 5.74% where Alkali chemicals share accounted for 70% of total chemical production
Overall, the specialty segment is expected to grow by 10-12% per annum over the next few years
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