Fine chemicals, also referred to as specification chemicals, is a class of chemicals which is characterized by their low volume use and higher price as compared to that of commodity chemicals. These complex, pure chemicals are manufactured in limited quantities and according to exacting specifications for their intended application. Fine chemicals are produced in batches as against continuous production which is practiced for bulk chemicals. Moreover, manufacture of fine chemicals involves conversion of basic chemicals into complexes which serve as building blocks in a variety of applications across diverse industries such as agrochemicals, paints and coatings, electronics, pharmaceuticals among the others. Agrochemicals and active pharmaceutical ingredients are the most common chemicals covered under Fine chemicals. Fine chemicals differ from specialty chemicals in that, these fine chemicals are sold primarily on the basis of ‘what these chemicals are’ as opposed to specialty chemicals which are sold on the basis of ‘what those chemicals can do’.
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Fine chemicals Market: Drivers & Restraints
Global fine chemicals market is expected to witness a steady growth during the forecast period, this growth of global fine chemicals market is expected to be driven by growth of the major end use industries. Pharmaceuticals and agrochemicals, being major consumers of fine chemicals, the growth in these industries is in turn expected to fuel the growth of global fine chemicals market during the forecast period. Moreover, growing demand from developing countries, especially those in Asia Pacific, is expected to result in growth of global fine chemicals market. A major trend witnessed in global fine chemicals market is that the companies producing fine chemicals are channelizing efforts towards development of efficient processes and newer products in order to gain a competitive advantage which eventually translates into a higher share in global fine chemicals market.
Among the above mentioned end use industry based segments of global fine chemicals market, the pharmaceuticals segment accounts for the largest share in global fine chemicals market value. The pharmaceuticals segment is followed by agrochemicals segment in terms of share in the global fine chemicals market value.
Fine chemicals Market: Key Players
Some of the identified major participants of the global fine chemicals market are as follows:
Lonza Sumitomo Chemicals BASF SE Boehringer-Ingelheim Sigma-Aldrich Corporation Chemada fine chemicals Albemarle Corporation China Sanjiang Fine Chemicals Company Limited Valiant Co. Ltd
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies and end use industries.
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Fine chemicals Market: Segmentation
Depending on the end use application industries, global fine chemicals market can be segmented into following key segments:
Pharmaceuticals Agrochemical Polymer additives Food and Feed Electronics Perfumes and Fragrances Others
Regional analysis includes
North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC, S. Africa, N. Africa)
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