Healthy export demand mitigates COVID-19 impact on specialty chemicals: Report ...Middle East

Even as domestic demand has remained subdued, improved export demand and positive outlook for segments like agro-chemicals and surfactants have reduced the COVID-19 impact on specialty chemicals, according to a report. The Indian specialty chemical sector, which had witnessed healthy revenue growth in the past few years aided by growth in domestic demand as well as increasing exports, was adversely impacted in the first quarter of 2020-21 due to the coronavirus-induced lockdowns and disruptions, ICRA Ratings said in a report.

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