The demand for pharmaceuticals is going to be the major driving force
for the growth of Indian chemical markets. Pesticides as well as colours
and paints also showed an exceptional market performance. The Indian
annual market for pharmaceuticals was estimated with Rs 563.7 billion
(US $ 12.8 billion) for 2009/2010 by the Centre for Monitoring Indian
Economy. Pesticides went up by eight per cent to Rs 136.9 billion (about
US $ 3 billion), about the same size as the market volume of colours
and paints.
Most basic chemicals showed a significant drop in market volume. Only Benzol though a comparatively small market segment, showed a good growth value. Especially synthetic resins (- 6 per cent) and caustic soda (- 21.6 per cent) performed poorly.
The market for Urea, soaps and cleaning agents remained more or less stable. Analysts predict strong growth rates, driven by a growing domestic demand.
The Indian market for pharmaceuticals is expected to grow by an average rate of roughly 20 per cent per year up to US $ 74 billion in 2020. Experts feel that increasing prosperity will also sharpen the Indian population's interest in strong trademarks. Drugs against diabetes and gastric ulcer are expected to show highest growth rate on the Indian market. Since the Indian average expenditure for personal hygiene products is about US $ 3.4 per year, analysts expect a big growth potential for cosmetics in the near future.
Most basic chemicals showed a significant drop in market volume. Only Benzol though a comparatively small market segment, showed a good growth value. Especially synthetic resins (- 6 per cent) and caustic soda (- 21.6 per cent) performed poorly.
The market for Urea, soaps and cleaning agents remained more or less stable. Analysts predict strong growth rates, driven by a growing domestic demand.
The Indian market for pharmaceuticals is expected to grow by an average rate of roughly 20 per cent per year up to US $ 74 billion in 2020. Experts feel that increasing prosperity will also sharpen the Indian population's interest in strong trademarks. Drugs against diabetes and gastric ulcer are expected to show highest growth rate on the Indian market. Since the Indian average expenditure for personal hygiene products is about US $ 3.4 per year, analysts expect a big growth potential for cosmetics in the near future.
No comments:
Post a Comment