Indian Chemical Industry: Navigating Challenges and Opportunities for Sustainable Growth
The Indian chemical industry, with a remarkable 20% CAGR in TSR from 2014 to 2023, now faces margin pressures due to global economic shifts and internal challenges. Despite historically outperforming global and domestic counterparts, recent years show vulnerability with a slowdown in TSR growth. Key factors affecting margins include global overcapacity, stalled APAC demand, and commodity price fluctuations. Major players like Gujarat Fluorochemicals, Galaxy Surfactants, PI Industries, and SRF report varying financial performances and strategies in response to these challenges.
By
Aman Baheti
March 14, 2024
10 min