The Indian chemical industry is gearing up to capture a bigger share of the global market as China struggles with unused production capacity, which is likely to keep chemical prices steady, according to Axis Capital report.
With an expected 4 per cent compound annual growth rate (CAGR) in the global speciality chemicals sector, India’s chemical industry is projected to expand at a faster pace of 15-20 per cent CAGR between CY22-30, driven by ongoing capacity expansion, R&D investments, and strategic market positioning.
Read more : https://www.aninews.in/news/business/indian-chemical-industry-set-for-15-20-pc-growth-amid-chinas-struggles-with-unused-capacity-report20241021103858/ (ANI)
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