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Asian markets suffer ahead of US speaker's Taiwan visit!
But India's speciality chemicals industry is projected to gain from current global circumstances. The market for specialised chemicals is migrating to India due to the Russia-Ukraine conflict and its effects, and Indian businesses are well-positioned to benefit from this development.
Additionally, a portion of the European market's demand is transferring to Indian companies due to the latter's temporary shutdown owing to an energy crisis.
According to a report by a brokerage firm, India's speciality chemicals sector is well-positioned to take advantage of global tailwinds and increase its worldwide market share from 4% to 7-8% in the following years. This is a result of the China Plus One plan.
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