Industry profile: Specialty Chemicals Market size was valued at USD 830 billion in 2015 and is forecast to experience gains exceeding 4% CAGR by 2024. The construction specialty chemicals market was valued at over 70 billion in 2015. These are used in buildings and other construction structures to increase their shelf life. They also protect from environmental hazards. In addition, these chemicals impart several properties that help meet civil structures’ aesthetic, functional, and design requirements. These include a comprehensive products range such as asphalt additives, concrete admixtures, adhesives, sealants, and protective coatings.
Asia Pacific was the dominant industry share contributor in 2015 and is forecast to witness the highest growth, more the 6.5% CAGR over the forecast timeframe. High construction spending in China, India, and Japan has driven construction chemicals market share in the region. Furthermore, the increasing automotive sector in the area on account of high per capita disposable income along with the improved lifestyle of the consumer is the main factor propelling business growth.
Global specialty chemicals market share is highly fragmented owing to numerous industry players contributing to the worldwide share. The top five global specialty chemicals market producers include BASF SE, The Dow Chemical Company, Bayer AG, DuPont, and INEOS Group AG. Other industry share contributors are Ashland Inc., Clariant AG, Huntsman Corporation, Arkema S.A., Evonik Industries AG, Chevron Philips Chemical Company, Syngenta AG, Albemarle Corporation, Chemtura Corporation, Eastman Chemical Company, Solvay, and Akzo Nobel N.V.
Company Profile: Pidilite Industries, manufacturers of well-known adhesives Fevicol and some other famous products like Dr. Fixit, is the market leader in adhesives and sealants, construction chemicals, hobby colors, and polymer emulsions in India. The company has diversified in various segments such as adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins, and organic pigments and preparations. It has created brands like Fevicol, Dr. Fixit, Cyclo, hobby ideas, Roff, and M–Seal. The company operates in various countries with its subsidiaries. Singapore, USA, Brazil, UAE, Saudi Arabia, Indonesia, Egypt, Bangladesh, UK, Kenya, South Africa, and Ghana.
Shareholding Pattern: 41 promoter entities holding 69.61%. Out of which 30 individuals have more than 50%. Mutual funds hold 3.22%. Financial institutions and govt hold 0.33%. Insurance companies Own 3.86% of the company. Foreign investors own 11.82%. The Public has the remaining.
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Future Prospects: The company operates in the segment of specialty chemicals, which is very important for industries. In the future, the demand for adhesives will keep growing as the products manufactured by the company are used in housing and industries. The company also enters different segments like hobby ideas. Even though there is significant competition from Asian Paints, the company’s growth will not stop.
