Editorial April-2018 New Financial Year New Goals
21 May 2018
As we embark on the new financial year with new goals and targets, we hope to take this industry to a whole new level. We saw a very successful Paint India exhibition with thousands of individuals from the business attending it. With more than 400 exhibitors showcasing their products, it was an ideal opportunity to connect with likeminded individuals from this industry. In the first issue of the financial year, we take on important topics that have a significant impact on the industry. With overseas exhibitors participating in the exhibition, there was an opportunity to learn about the latest developments in the industry and to soak in the knowledge which can help the industries achieve their potential domestically and globally.
In this issue, we have tried to cover some of the most important sectors that drive the growth of the sector. We have covered the specialty and fine industry in depth. This industry plays a crucial role in the economy and has huge potential to grow. With the slowdown in China’s economy, India can generate higher exports in the next five years. Key factors that need to be focused on are research and development and an improvement in the product quality. Further, we also talk about the chemical industry in China. The developed economy has gone through a slowdown and it has affected various industries in the country. However, the economy is gaining pace now and has various International companies investing in it. China faces the problem of overcapacity which has contributed to its slowdown.Overcapacities have abated in the specialty and fine chemicals segment which has brought stabilization in the market. Competition in the sector is high and overcapacities have driven businesses to cut prices and reduce output in order to gain a competitive edge.
Further, in this issue, we talk about the companies that specialize in the corrosion and coatings segment. Corrosion and coating products are in demand across the country due to the increasing demand of the manufacturing companies. There are various companies in the country that lead the way and hold majority share in the industry. There is a strong opportunity for growth in the industry and there are a number of mergers taking place across every sector in the chemical industry. Small and mid-sized firms are being merged with larger organizations that have a strong hold on the sector.
We are constantly striving to bring you the latest information about the dyes and chemical industry. We welcome your inputs which will help us serve you better. With the Inventory Sharing Platform, we aim to connect likeminded individuals and fulfill their orders in a quick and convenient manner. Traders and suppliers can list their products on the platform which can be accessed by other members on the platform. You can keep the information private and only visible to the members of the platform. This is a simple way of allowing the traders, manufacturers and distributers to connect with one another and fulfill the orders. Let us soar higher together.
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