This slowdown in China's chemicals industry is providing an opportunity to India to enhance its share in the global export market, according to a Crisil report
Rs 6.3-6.8 lakh crore – Size of the domestic chemical industry in fiscal 2019
7-8% – compounded annual growth rate it has grown during fiscals 2014 to 2019
Specialty chemicals consumption in India is low compared with the global average
Increasing availability of basic chemicals likely to support further investments
20-25% – share of specialty chemicals in chemical industry
12-13% – CAGR specialty chemicals set to grow over the next five years