What are the top specialty chemicals stocks in India?
07 Oct 2023
Zinkpot
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The specialty chemical industry in India is a flourishing sector, with a valuation of over US$ 32 billion. The industry is expected to grow at a CAGR of 12% over the next five years.
The major consuming industries for specialty chemicals in India include paints, plastics, and pharmaceuticals. The top export destinations for Indian specialty chemicals include the United States, Europe, and China.
The top specialty chemical companies in India include:
UPL Limited: This Indian multinational specialty chemicals company was founded in 1969 and has operations in over 80 countries. The company’s product line-up includes agrochemicals, industrial chemicals, and specialty chemicals. Its target audience includes farmers, food processors, and other industries that use specialty chemicals.
BASF India Limited: This German multinational specialty chemicals company is considered one of the top specialty chemical companies in India because of its strong research and development capabilities, its global reach, and its commitment to sustainability. Its product lineup includes chemicals, plastics, and agricultural products. Its target audience includes businesses and consumers in a variety of industries including automotive, construction, and healthcare.
Aarti Industries Ltd: This Indian company's product lineup includes basic chemicals, agrochemicals, specialty chemicals, and intermediates which are extensively used in the manufacture of pharmaceuticals, agriproducts, polymers, additives, pigments, and dyes. This company has operations in over 20 countries.
Thirumalai Chemicals Limited: This Indian specialty chemical company is the leading manufacturer of specialty chemicals including phthalic anhydride, maleic anhydride, fumaric acid, and malic acid. Its target audience includes businesses and consumers in a variety of industries including plastics, paints, and pharmaceuticals.
Deepak Nitrite Limited: This Indian company serves products such as dyestuff intermediates, agrochemicals, specialty chemicals, and performance chemicals. Its target audience includes businesses and consumers of textiles, plastics, and pharmaceuticals industries.
Gujarat Alkalies and Chemicals Limited: This company was founded in 1973 and has operations in India and abroad. The product line-up of this company includes basic chemicals such as caustic soda, chlorine, and soda ash as well as specialty chemicals such as sodium cyanide, hydrochloric acid, and titanium dioxide.
Pidilite Industries Ltd: This Mumbai-headquartered company has operations in over 50 countries serving products like adhesives, sealants, construction chemicals, and industrial products.
Atul Limited, Tata Chemicals Limited, Vinati Organic Limited, Balaji Amines Limited, Navin Fluorine International Limited, Alkyl Amines Chemicals Limited, etc. are some of the other top-tier stocks of specialty chemicals in India.
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