New Delhi, April 9 -- Over the past few years, India's specialty chemicals sector has quietly transformed into one of the most compelling structural growth stories, riding on the powerful tailwinds of the China+1 strategy, supply chain realignment, and increasing global dependence on Indian manufacturers.

Companies across the value chain expanded capacities aggressively, improved margins, and attracted significant investor interest, leading to a sharp re-rating of stock prices during the previous bull cycle.

However, the past 12-18 months have been challenging for the sector.

The sector has faced multiple headwinds, including global demand slowdown, inventory destocking in key export markets, pricing pressure, and volatile raw material...