Specialty chemicals global sector:
Specialty chemicals and pharmaceutical chemicals, over the decades have gained a lot of popularity in India. Specialty chemicals industry is a very wide and complex segment. It includes variety of products like agrichemicals, elastomers, adhesives, lubricants, oil field chemicals, etc. Worldwide, the specialty chemicals industry has grown into an array of SME’s with their own niche products. The specialty chemicals market has played a significant part in the global chemical sector. The global demand for specialty chemicals is expected to grow at a CAGR of 5.42% from 2015 to 2020.
Various Applications:
Specialty chemicals in Gujarat provide unique materials with unique properties that produce high value custom end products. They have various applications. Specialty chemicals are the chemicals which are used to boast the performance of other chemicals that can be apply in many potential experiments in the chemical industry. One of the most important applications of specialty chemicals is to speed up the manufacturing process of various chemical experiments. They help to get deliverables with less experimental costs and efforts. Some of the specialty chemicals act like value-adders that add value to other chemicals to perform more in less time.
Specialty chemicals Market Range:
North America, Western European, and Japanese firms were always amongst the market leaders in specialty chemicals industry. However, over the last few decades the Asia-Pacific region, especially India and China have globally stated their dominance in the specialty chemicals industry. In India, the speciality chemicals in Gujarat have gained a lot of dominance in this sector and have been providing their end products.
Types of Bulk Drug Intermediates:
Pharmaceutical Chemicals form the most important branch of specialty chemicals. The Pharmaceutical industry in India is the world's third-largest in terms of volume and 10th largest in value terms. . India's drugs and pharmaceuticals industry is expected to grow at a compound annual growth rate (CAGR) of 14 per cent to reach a turnover of $ 47.06 billion by 2018. Indian pharmaceutical industry is gaining rapid popularity owing to the rise in the bulk drug intermediates manufacturers. In India, Gujarat is considered to be the rising hub in the production of pharmaceutical intermediates and bulk drug intermediates. Last ten decades have seen an immense growth in SME niche pharmaceutical intermediates producing companies. Various pharma intermediates like Hexamethyl Disiloxane (HMDSO), Trimethyl Chlorosilane (TMCS), Hexamethyl Disilazane (HMDS / HMDZ) Chloromethyl Isopropyl Carbonate (CMIC) are produced and exported worldwide by these small scale manufacturers in Gujarat.
Applications of Pharmaceutical Intermediates like as lubricants, as adhesion promoter for photoresists, in alkylation agents, in creation of sedatives, medicines, in manufacturing of anhydrous solutions of HCL in alcohols, deactivator for chromatographic support materials, silylating agent in pharmaceuticals, etc.
With all the end products possessing these properties have been exported on a large scale from Gujarat, it is recognized as the upcoming hub in the field of specialty chemicals and bulk pharma intermediates.
