European chemical industry woes present market opportunity for India: Report
A B&K Securities analysis indicates that disruptions in European chemical operations offer Indian manufacturers a chance to expand, despite challenges. High EU operational costs contrast with India's strong trade relationship, being the fifth-largest exporter to the bloc. However, Chinese competition and weak European demand, compounded by high energy costs, pose significant hurdles to sustained growth for Indian chemical exports.
A B&K Securities analysis indicates that disruptions in European chemical operations offer Indian manufacturers a chance to expand, despite challenges. High EU operational costs contrast with India's strong trade relationship, being the fifth-largest exporter to the bloc. However, Chinese competition and weak European demand, compounded by high energy costs, pose significant hurdles to sustained growth for Indian chemical exports.
