The global specialty chemicals market is expected to reach a net worth of 364.8 billion dollars by 2028 with a stable CAGR according to Markets and Markets. Growing demand for construction, water treatment and electronics chemicals have contributed to this development. Emergence of innovative manufacturing technologies and liberalization of trade practices have also boosted production efficacy and export activities.
In an emerging market like India, manufacturers are constantly innovating for new products that can match the global standards and add value to the specialty chemicals industry as a whole. However, there are some challenges faced by clients while availing specialty chemicals from manufacturers in India. Manufacturers often supply lower-grade materials to the domestic market at reduced prices, while reserving higher-quality products for export markets, where cost-cutting measures are typically not applied.
The industry is also undergoing a massive shift in terms of using synthetic chemicals as it is eventually drifting towards eco-friendly products. Vista Specialty Chemicals is one-of-a-kind manufacturer which never compromises on quality, be it domestic or export and is currently standing at the threshold where it has grown capabilities to provide both natural and synthetic chemicals to its clients.
The company was initially started as a technology development firm for this sector but eventually it started manufacturing specialty chemicals as well. It has been focusing on very niche segments of specialty chemicals that include raw materials for the cosmetics industry and pharmaceutical intermediates. It has been serving clients in these specific domains and tried to grow as a trusted manufacturer in this domain.
“We are currently expanding in a horizontal manner and executing forward integration processes. We are adding products to our portfolio and exploring new markets”, mentions Dr. Vinayak Mahajan, Founder, Vista Speciality Chemicals.
Focus on R&D
The company is working as a 3rd party manufacturer of specialty chemicals but has a R&D wing which is dedicated to new product development. With a relentless focus on innovation, the company is constantly innovating new products and applies for patents for its researches. It wants to create a brand of its own and sell products by its own brand name. As mentioned above, the shift towards the usage of eco-friendly materials. However, the industry is not in a position to completely change to organic because there are many organizations at play using synthetic chemicals for consistent efficiency in cosmetics products.
Here, Vista Speciality Chemicals has a vital role to play because of its flexibility in producing any king of product for the clients. With a dedicated research arm, the company is able to provide natural based specialty chemicals to clients and at the same time, it can also manufacture synthetic chemicals. Dr Vinayak Mahajan is having 35 years of rich experience in chemical industry in various fields like agrochemicals, polymers, monomers, pigments, pharmaceutical intermediates, cosmetics raw materials and other specialty chemicals and the company mainly deals in Speciality chemicals belonging to the field of cosmetics raw materials and pharmaceutical intermediates.
Vista Specialty Chemicals is one-of-a-kind manufacturer which never compromises on quality, be it domestic or export and is currently standing at the threshold where it has grown capabilities to provide both natural and synthetic chemicals to its clients
Promoting Environmental Sustainability
The global manufacturing ecosystem is adopting environmentally sustainable measures and investing efforts to execute circular economy measures. Vista Speciality Chemicals is not behind but staying ahead in this curve by implementing various sustainability measures all along its manufacturing process. Firstly, it is trying to make an impact on the industry by emerging as a using more natural products/extracts it its finished products. natural based specialty chemicals manufacturer and doing extensive research to come up with new and innovative products in this domain.
Secondly, it is the usage of water in manufacturing. Vista’s manufacturers are following these practices in order to avoid even the minimum wastage, proper water treatment is carried out and water is reused. “Because we never compromise on quality, our company abides by all the regulatory standards and also looks into the fact that we are supplying to clients who are also complying with the same. We have good relationships with all our clients and follow all the best practices in the industry”, says Dr. Vinayak Mahajan.
Looking Ahead
Since its inception in 2019, the company has gained considerable trust and recognition in the market because of its premium quality products and focus on environmental sustainability. It is currently catering to the domestic market and exporting as well. The company is currently focused more on the cosmetics industry and planning to expand its range of products in this domain in the coming years. “We want to make a difference in this sector by our patented products and selling them with our own brand name”, concludes Dr. Vinayak Mahajan.
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