India 's new chemical materials industry brewing change

According to a recent report released by the United States Fuluo Sesi Sullivan, the Indian chemical new materials market will pick up this year despite the impact of the financial crisis. With the rapid development of the automotive, construction, packaging and communications industries, the Indian market demand for new chemical materials increased, and will lead to changes in the industry, India's backward business model will also change.

 

At present, India's large domestic chemical companies have Kyrgyzstan's organic synthesis chemical company (JubilantOrganosys), Pidilite Industrial Company (Pidilitedustdust), Sudarashi Chemical Co., Ltd. (Sudarshan Chemical), Pa Hsin-cheng industrial companies. Due to different business models, there is little direct competition between Indian and multinational companies. India's domestic companies to a large number of export-oriented OEM enterprises, with cheap labor, R & D investment is relatively small, less concerned about the downstream product design and marketing; and multinational companies for a long time to the rapid development of the market and domestic demand-oriented , India as a production base, pay attention to the application of product development, has a strong global R & D and innovation capabilities, but the current R & D investment in India is very small.

 

In the global chemical new materials market, the main competition is multinational companies, almost no Indian domestic companies, mainly because of the lack of operating capital and R & D investment, the export market is not enough attention. Fernand Sullivan expects the business model of the Indian chemical new materials industry to accelerate as the market is globalized, and by 2020, Indian companies will focus more on product performance and for specific consumer groups, Management, and increase R & D investment, and comprehensively enhance their competitiveness. At present, India's auto industry is emerging, construction, packaging, communications industry is also developing rapidly, will promote the Indian chemical industry changes in the new material industry.

 

The study said that India's chemical new materials industry by 2020 may have the following two trends: one is the use of price advantage to vigorously develop outsourcing services, mainly those low-profit traditional industries, and mergers and acquisitions will enable enterprises to compete Advantage. Because these companies are not very different products, innovative business model is critical. Another trend is the development of a consumer-oriented, focus on innovation, targeting specific applications and emerging industries, the industry will have a specific goal of business combination.