SRF an Overview

Large and Growing Market: Chemicals (1/2) Long-term benefits Global Specialty Chemicals Market Landscaping Global Agro Chemicals SRF We always find a better way Global Pharma Chemicals FY19 FY24E FY19 FY24E FY19 FY24E 6.2% CAGR 6.7% CAGR 6.2% CAGR 580* 782* 130* 180* 27* 37* Global specialty chemicals is only ~12% of the global chemicals market; offering strong growth potential India Specialty Chemicals Higher growth potential compared to the global industry Increasing focus on essential supplies such as agro, pharmaceuticals and hygiene are expected to drive growth in the chemicals sector. Companies catering to these end-user segments are likely to benefit Indian Agro Chemicals India's pesticides market is under penetrated with a consumption of 0.6kg/Ha compared to China (13), USA (7) Indian Pharma Chemicals FY19 FY24E FY19 FY24E FY19 FY24E 11.1% CAGR 21.5% CAGR 40* 68* 10.7% CAGR 4.2* 11.1* 3.6* 6.0* *USD Bn. Themes playing out for the chemicals industry Global players preferring China + 1 Source: Frost & Sullivan report offshore strategy Capacities shifting to cost efficient markets with strong technology capabilities JVs/Technology transfers will drive the knowledge wave for the Indian industry, given stronger IP protection rights in India SRF an Overview | 23

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