Specialty and Fine Chemicals

Enquiry IconContact Us

Specialty chemicals, performance chemicals, and fine chemicals are terms that are often used interchangeably. Specialty chemicals improve the performance of an end product or manufacturing process. End products include adhesives, cleaning materials, agricultural, food additives, lubricants, surfactants, textile auxiliaries, elastomers, and flavors. Specialty and fine chemicals find wide application across various end-use industries such as aerospace, automobiles, cosmetics, construction, textile, polymers, and food. Increasing industrialization and urbanization have led to revival of the economy and flourishing trade. Population explosion, especially in Asia Pacific, is fueling demand for consumer goods, food, and infrastructure. A variety of specialty chemicals are used for production of agrochemicals, construction chemicals, cosmetic products, food additives, textile, polymers, and plastics, among others. Moreover, emerging economies in Asia Pacific are characterized by rapid growth of end-use industries which is fueling growth of the specialty and fine chemicals market. The growth of specialty chemicals is largely driven by growth of agricultural, construction and automobiles industries. Moreover, development of environment friendly products such as TERGITOL L Series surfactants by The Dow Chemicals Company are favoring demand for specialty and fine chemicals.

Surge in Pharmaceuticals, Agrochemicals and Construction Activities Augmenting Market Growth

The pharmaceuticals industry is expected to be one of the major end users of specialty chemicals. The rapidly growing population, especially the geriatric population which is characterized by high susceptibility to various diseases, is fuelling growth of the global pharmaceuticals industry. This creates a highly conducive environment for the growth of the specialty and fine chemicals market.

Furthermore, positive growth of end-user industries such as agrochemicals, construction, and automobiles is facilitating the market growth. Growing preference among consumers across the globe for eco-friendly products is influencing manufacturers to develop bio-based chemicals. These are especially preferred in agrochemicals and fertilizers for increasing crop yield. The agricultural sector is growing continuously in order to keep up with the population growth. Specialty and fine chemicals find a range of applications in fertilizers and pest control products, which is augmenting growth of the market.

Construction chemicals are used in activities such as residential project, commercial complex and industrial applications. Construction chemicals minimize the quantity of cement and water used in construction activities. Asia Pacific is one of the lucrative markets for specialty chemicals due to presence of rapidly expanding economies and urbanization, which is fueling demand for advanced and modern infrastructure in the region. Moreover, several players operating in the construction industry are utilizing various construction chemicals such as concrete admixtures, adhesive & sealants, and flame retardants in order to expand their consumer base and presence in the global markets. Polymer is the basic raw material used by in the construction industry.

The automobile industry is one of the lucrative sectors for specialty chemicals. Polymers, paints, plastics, adhesives, fibers, and sealants are extensively used in the automobile industry. China, Japan, India, and the U.S. are major automotive hubs, which is likely to drive demand for specialty and fine chemicals from these markets. Asia Pacific is positioned to be a major revenue contributor in the global market due to presence of emerging economies such as India and China, and supportive government initiatives in the region. For instance, the Government of India, highlights the Auto Mission Plan (AMP) in its Make in India initiative to increase its passenger vehicle market by 2026 to 9.4 million units. India also witnessed US$ 15.79 billion Foreign Direct Investment (FDI) from 2000 to 2016 as per the Department of Industrial Policy and Promotion (DIPP). This creates a highly conducive environment for growth of the global specialty and fine chemicals market.

Challenges – Strict Environmental Regulation

The synthetics based specialty and fine chemicals have a negative impact on the environment, which affects the ecosystem and life. Various environmental protection agencies have enforced numerous environmental regulations on use of chemicals in various industries. This may hinder growth of the specialty chemicals market during the forecast period. In October 2003, the European Union banned use of atrazine due to its ubiquitous and unpreventable water contamination. Stringent environmental regulations are forcing end-use industries to opt for bio-based chemicals, which is expected to restrict the growth of the specialty and fine chemical market due to major shift in technology involved. Moreover, the Chinese Ministry of Environmental Protection imposes penalties for high carbon emissions, which has led many chemicals manufacturing units in the country to shut down.

Specialty and Fine Chemicals – Regulatory Scenario:

  • 2016, the Russian government and National Parliament, State Duma, planned to enforce a new federal law primarily focused on regulating the in-house specialty chemicals. The new law will regulate around 800 specialty chemicals in Russia.
  • On June 22, 2016, Frank R. Lautenberg Chemical safety for the 21st Century Act strengthened and modernized the Toxic Substances Control Act (TSCA). This act requires the EPA to evaluate chemicals on its benefits, health risk, and exposure limit, among others.
  • January, 2015, The Chinese Ministry of Environmental Protection enforces strict penalties on manufacturing of chemicals which has led many specialty chemicals manufacturing facilities in the country to cease operations.

Key players in the market include Akzo Nobel N.V., BASF SE, Ashland Inc., Clariant AG, Evonik Industries, The Dow Chemical Company, Huntsman Corporation, DuPont, Arkema S.A., Bayer AG, Chevron Philips Chemical Company, Syngenta AG, Albemarle Corporation, Chaitra Corporation, Eastman Chemical Company, Solvay, and INEOS Group AG among others. Key players in the market are also focusing on strategic mergers and acquisitions to enhance their profitability. For instance, in March, 2017, The Dow Chemical Company and DuPont merged as part of a US$ 62 billion deal. The companies would subsequently break into three separate publicly traded companies that would focus on agriculture, material science, and specialty chemicals.

View More

Specialty and Fine Chemicals Published Insights

Coherent Market Insights

Sodium Molybdate Market, by Product Type (Crystal and Solution), by Application (Water treatment, Fertilizer, Pigments & Dye, and Corrosion inhibition), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Sodium molybdate (Na2MO4) or disodium dioxide molybdenum is a chemical compound with a molecular weight of 241.95 g/mol. It is extensively used as a corrosion inhibitor for water treatment in industrial applications, as a nutritional supplement i... View more

Coherent Market Insights

Cosmetic Chemicals Market, by Product Type (Single-use Additives, Moisturizers, Thickening Agents, Surfactants, and Others), by Application (Skin Care, Hair Care, Perfumes and Fragrances, Color Cosmetics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Cosmetic chemicals are chemicals used as an ingredient for formulation of cosmetic products. Cosmetic chemicals can be in the form of moisturizers, thickening agents, surfactants, or additives. Addition of chemicals improvises the appearance of the final product (cosm... View more

Coherent Market Insights

Chloroacetic Acid Market, by Product Type (Monochloroacetic Acid and Trichloroacetic Acid) and by Region (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2018-2026

Published Date : Dec 2018

 ­­­Global Chloroacetic Acid Market - Insights Chloroacetic acid is a specialty organochlorine compound and building block in organic synthesis. Hence, it used in the production of various ch... View more

Coherent Market Insights

Polycarboxylate Ether Market Report, by Product Type (Solid and Liquid), by Construction Industry (Residential, Infrastructure, and Non-residential), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, trends, and Forecast to 2025

Published Date : Jul 2018

Global Polycarboxylate Ether Market – Insights Polycarboxylate ether (PCE) is composed of methoxy-polyethylene glycol copolymer (side chain) grafted with methacrylic acid copolymer (main chain). It is c... View more

Coherent Market Insights

Mesitylene Market, by Grade (Industrial, Electronics, and Others), and by Application (Additives, Solvents, Intermediates, and Others) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Mesitylene or 1, 3, 5-trimethylbenzene is a derivative of benzene with three methyl substituents positioned symmetrically around the benzene ring. Mesitylene is a colorless liquid, insoluble in water with a ... View more

Coherent Market Insights

Ethyl Mercaptan Market, by Product Type (Ethanol (Ethylene) Method, Ethyl Chloride Method, Anhydrous Ethanol Method, and Others), and by Application (Pesticide Intermediates, Warning Agent, and Others) – Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Ethyl mercaptan, also known as ethanethiol, is an organosulfur compound, a clear toxic liquid with a distinct odor and was recognized as the world’s stinkiest substance in ... View more

Coherent Market Insights

Chloramine B Market, By Product Type (Bleach, Disinfectants, and Oxidizing Agent), By Application (Water Treatment, Aquaculture, Swimming Pool, Household Agents, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Chloramine B (C6H5ClNNaO2S) is an unstable colorless liquid used in water treatment and as an antiseptic in the medical industry. Chloramine B is pri... View more

Coherent Market Insights

Calcined Alumina Powder Market, By Type (Type I and Type II), By Application (Ceramics, Polishing Compound, Paint and Coating, Fillers, Refractory, Thermal Spray Powder, and Others), and by Region - Size, Share, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Calcined alumina powder is produced by calcination of alumina. The manufacturing process is carried out at various temperatures, which control hardness and abrasive properties of calcined alumina powder, such as polishing and grinding. At temperature of 1200-1300º... View more

Coherent Market Insights

Creosote Oil Market, By Source Type (Wood Tar, Coal Tar, and Creosote Bush), By Application (Oil Paint, Wood Aseptic, Carbon Black, Printing Ink, Latex Filling Pharmaceuticals, and Others), and by Geography - Size, Share, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Creosote oil is produced from distillation of tar and pyrolysis of plant sourced products such as wood or fossil fuel.  It is extensively used for oil paint, wood aseptic, carbon black, pri... View more

Coherent Market Insights

Ruthenium Catalyst Market, by End-use Industry (Chemical, Pharmaceutical, Petrochemical, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Ruthenium containing catalysts can act as homogenous or heterogeneous catalyst in organic reactions such as olefin metathesis.  Few examples of commercially available ruthenium catalysts includes benzeneruthenium (II) chloride dimer, ruthenium (III) iodide hydrat... View more

Coherent Market Insights

Waterborne Adhesives Market, by Product Type (Starch/Dextrin, Protein/Casein, Vinyl Acetate, Rubber Latex, Polyacrylate Emulsions, and Others), and by Application (Packaging, Furniture, Footwear, Construction, Automotive, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Waterborne or water-based adhesives utilize water as a solvent and are classified as low volatile organic compounds (VOC) compounds. The properties of waterborne adhesive product is dependent upon its chemical composition. Resins, fillers, and antifoams are common con... View more

Coherent Market Insights

Molecular Sieve Catalyst Market - By Material (Microporous Zeolite Catalyst and Mesoporous Zeolite Catalyst), and By End-user Industry (Oil & Gas, Petrochemical, and Others) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

Published Date : Jun 2022

Molecular sieves are materials that have small pores of uniform size. These pores permit the molecules of small dimension to enter the sieve, while separating the larger molecules. Therefore, molecular sieve is used as a catalyst in the petrochemical industry for the ... View more

Coherent Market Insights

Sack Kraft Paper Market, by Grade (White and Brown), by Packaging Type (Open Mouth Sack, and Valve Sack), by End-use Industries (Cement and Building Materials, Chemicals, Agrochemicals, Animal feed & Pet Food, Food, and Others), and by Geography - Global Trends, and Forecast to 2025

Published Date : Nov 2017

Sack Kraft Paper Market - Insights A sack kraft paper manufactured from paper or paperboard made of wood pulp is a porous paper with strong tear resistance and high elasticity. Kraft paper is designed for pac... View more

Subscribe Newsletter

Kindly subscribe for our latest news & articles.