4 | | AUGUST 2022 | | AUGUST 2022As the Indian rupee continues its struggle against the US dollar, the markets across the verticals already feel the heat. On the flip side, the export-oriented sectors like information technology and pharmaceuticals strive to make a field day out of the weakening rupee. Now, the specialty chemical market joins the party with flaring investor demand, thanks to the global demand for specialty chemicals. Moreover, China's Plus One strategy, a business vision to avoid investing only in China and diversify the business into other countries, is becoming a boon to India. According to a report by Sharekhan, India's specialty chemicals sector is well poised to capitalize on global tailwinds and expand its global market share to 7-8 percent in the next few years from the current 4 percent.We are talking about an $827+ billion global opportunity. According to a report by Exactitude Consultancy, the market research and consulting wing of Ameliorate Digital Consultancy, the global Specialty Chemicals Market is projected to reach $827 billion by 2029 from $576 billion in 2020, growing at a CAGR of 4.1 percent. However, penetrating this market will take facing herculean challenges. With the soaring inflation, the industry could face raw material cost inflation and, in turn, margin pressures. On the other hand, one of the critical areas of focus for chemical companies will likely be sustainability and decarbonization. To belong in the future of this industry, it goes without saying that you need to increase investment in research and development capabilities and leverage advances in decarbonization and recycling technologies to lower the carbon footprint, as well as reduce plastic waste. Sujith VasudevanManaging Editoreditor@ceoinsightsindia.comA Blessing in DisguiseEditorial Vol 04 · Issue 5 - 1 · August, 2022 Publisher Alok Chaturvedi Managing Editor Sujith Vasudevan Manager - DesignPrabhu Dutta A.R.N RayNoidaRohit Raghubanshi Garima Anandadvertise@ceoinsightsindia.comEditorial queries editor@ceoinsightsindia.comTo subscribeVisit www.ceoinsightsindia.com/subscribe/ or send emailto subscription@ceoinsightsindia.comMagazine Price is Rs.150 per issue.Editor Alok ChaturvediPrinted and Published By Alok Chaturvedi on behalf of InfoConnect Web Technolo-gies India Pvt. Ltd., and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017.Copyright © 2022 InfoConnect Web Technologies India Pvt. Ltd., All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher. Design Asokan S V Girish M VP - Sales & Marketing Amrit SinghCirculation Manager Magendran Perumal Editorial Ananth V Sthitaprajnya Panigrahi Tanuja Akkanavar Keerthana Kantharaj Roopalatha H Shirly Pabisha T
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