These 6 Specialty Chemicals & 2 Agrochemicals Stocks has long runway of Growth
India’s $212 billion chemical industry is seeing unprecedented growth on the back of consumption economy, demand for niche products, rapid import substitution, and a Global Geo-Strategic demand shift from China due to supply-chain disruption (China+1 Strategy). Further, the challenge in Europe amid the war between Ukraine and Russia, has added on to such opportunities (Europe+1 Strategy) for the companies in this vast industry.
Within this Chemical Industry, Speciality Chemicals & Agro-Chemical Space has long-term structural growth for the reasons as cited above, along with stronger demand for their Niche products, opportunities in Contract Research and Manufacturing Services (CRAMS) and Import Replacement Prospects (focus on Backward Integration to reduce Raw Material imports) and Long Term Competitive Advantage due to stronger R&D capabilities are some of the reasons to believe that – These 6 Specialty Chemicals & 2 Agrochemicals Stocks has long runway of Growth.
