- Wealth PMS
The chemical industry is enjoying tailwinds due to customers increasing sourcing their supplies from India. The major player in the chemical space is China, sales of chemicals (ex pharmaceuticals) from China in 2017 was EUR 1,293 billion or 37% of global sales. Stricter environmental norms and increase in wages in China is narrowing the competitive gap with other countries and customers also do not want to depend on one major supplier. Due to these reasons, companies in India stand to benefit and the Indian chemical industry is 2% of the global chemical market.
We did a deep dive into . . .