Himadri Speciality Chemical to Launch High Value-Added Products by September 2026.

Himadri Speciality Chemical, India’s largest speciality carbon black manufacturer, is set to launch high value-added speciality products by September 2026, targeting both domestic and international markets, including Europe and the US.

The Kolkata-based company will produce Anthraquinone, Carbazole, and Fluorene for the first time in India as part of a forward integration process at its Singur plant in West Bengal. “These products will be made using forward integration of our existing coal tar distillates,” said Anurag Choudhary, CMD and CEO of Himadri Speciality Chemical, in a statement to businessline.

The company has allocated ₹120 crore for setting up a new facility at its existing plant to produce these high-value products. Anthraquinone, used in dye, paper, hydrogen peroxide, and agriculture, had a global market size of $4.96 billion in 2023, expected to grow at a 5% CAGR by 2032. Carbazole and Fluorene, with 2023 market sizes of $1.2 billion and $1.73 billion respectively, are used in pharmaceuticals, electronics, polymers, plastics, and agrochemicals.

“India’s domestic market for these products is about 20% of the global market size. They can serve as import substitutes domestically while catering to global markets, including Europe, the US, and Southeast Asia,” Choudhary added.

Himadri’s financial performance has been robust, with its consolidated net profit rising 29.76% year-on-year to ₹141.15 crore in Q3 FY25. Revenue from operations grew 8.37% to ₹1,140.66 crore, and the company achieved its highest-ever quarterly EBITDA of ₹222 crore during the period.

This strategic move underscores Himadri’s efforts to diversify its product portfolio and strengthen its position in global speciality chemical markets.

HBL