Fine chemicals are complex, single, pure chemical substances, produced in limited quantities in multipurpose plants by multistep batch chemical or biotechnological processes. They are described by exacting specifications, used for further processing within the chemical industry and sold for more than $10/kg (see the comparison of fine chemicals, commodities and specialties). The class of fine chemicals is subdivided either on the basis of the added value (building blocks, advanced intermediates or active ingredients), or the type of business transaction, namely standard or exclusive products.
Fine chemicals correspond to a distinct segment of the chemical industry, including low tonnage molecules (typically 10 to 20 Kt.). Pharmaceutical and Biological products, perfumes, photographic chemicals and electronic grade reagents are examples of fine chemicals. High purity reagents (99.999999% pure) are also classified as fine chemicals. Globally, the fine chemicals industry continues to be very fragmented in spite of some consolidation, partly due to the limited impact of economy of scale on the business. While, fine chemicals do offer limited albeit real opportunities for product differentiation, in contrast to commodity chemicals, they are unlike specialities. While, fine chemicals do offer limited albeit real opportunities for product differentiation, in contrast to commodity chemicals, they are unlike specialities, which offer much larger scope for standing out due to an enhanced contribution of technical services and application know how.
This book is a comprehensive reference on one of the most exciting and challenging segments of the modern chemical industry, and a practical guide for developing and succeeding in the multibillion fine chemicals business. Some fundamentals of this book are synonyms, molecular formula and other properties of fine chemicals like albendazole, amitriptyline, azithromycin, benzothiazide, captopril, carbamazepine, chloroquine, etc. This book is an invaluable resource for technologists, professionals and those who want to venture in this field.
Market Outlook
The Chemicals industry in India is an important contributor to the Indian economy sustaining a variety of downstream industries such as textiles and pharmaceuticals.
The Indian chemicals industry with a market size of USD 145 billion is the seventh largest producer of chemicals worldwide and the third largest producer in Asia after China and Japan.
Fine Chemicals market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Chemicals market has been growing at 14% over the last five years due to domestic consumption and the market size is expected to touch USD 70 billion by 2020.
Total production in the Indian chemical industry was 9107 MT in FY11 and reached to 9627 MT in FY14 clocking CAGR of 1.9 per cent from FY11-14; In FY15, the production reached at 4794 thousand MT.
Indian chemical industry is estimated to be valued at $147 Bn in 2015 and contributes 3% to the global chemical industry. It ranks 14th in exports and 8th in imports of chemicals (excluding pharmaceutical products) globally.
Export of the Indian Chemical Industry Stood at USD4.9 Billion for FY16.
Export in the Chemical industry Grew from USD12.4 Billion in FY13 to USD12.7 Billion in FY15.
Total Import of Chemicals Grew from USD10.1 Billion in Fy13 to USD19 Billion in FY15, a CARG of 37.5 Percent.
Total Import of Chemical Reached USD7.7 Billion in the Fy16.
Global Chemical Industry: USD4.5 Trillion.
India Chemical Industry: USD224 Billion.
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