Fine chemicals, also referred to as specification chemicals, are a class of chemicals that is characterized by their low volume use and higher price as compared to that 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 the 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 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 based on ‘what these chemicals are’ as opposed to specialty chemicals which are sold based on ‘what those chemicals can do’.

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Fine chemicals Market: Key Players

Some of the identified major participants in 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

Key Segments

• Active Pharmaceutical Ingredients
• Agrochemicals
• Speciality Chemicals

By Application

• Pharmaceuticals
• Agrochemical
• Polymer additives
• Food and Feed
• Electronics
• Perfumes and Fragrances

By Region

• North America
• Latin America
• Western Europe
• Eastern Europe
• Asia Pacific
• Japan
• Middle East and Africa

Fine chemicals Market: Drivers & Restraints

The global fine chemicals market is expected to witness steady growth during the forecast period, this growth of the global fine chemicals market is expected to be driven by the 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 the global fine chemicals market during the forecast period.

Moreover, growing demand from developing countries, especially those in Asia Pacific, is expected to result in the growth of the global fine chemicals market. A major trend witnessed in the global fine chemicals market is that the companies producing fine chemicals are channelizing efforts towards the development of efficient processes and newer products to gain a competitive advantage which eventually translates into a higher share in the global fine chemicals market.