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Special Report Special Report

Beyond basics: Exploring the frontiers of ﬁ ne have dedicated specialised divisions to quantities of small molecules. Such alternatives to synthetic chemicals.The
the development of targeted drugs for trends are projected to favour growth
market is also facing regulatory chal-
chemicals speciﬁ c diseases such as solid tumours in the market. Emergence of con- lenges. Governments around the world
are imposing strict regulations on the
and haematological oncology.
tract manufacturing organisations
he global ﬁ ne chemicals market sustainable and environmentally friendly  Expansion of the food & beverage (CMOs), with integrated methods for use of some ﬁ ne chemicals. These

size stood at US$144,469.5-mn practices in various sectors. Fine sector is set to elevate the need for Rising number of construction and producing small molecule interme- regulations can be costly and time-con-
Tin 2018. The market observed a chemicals are often used as catalysts, ﬁ ne chemicals used as additives, development projects is expected to diates, would also help to push sales. suming for companies to comply with,
6.6% year-on-year growth in 2022. reagents, or intermediates in Green ﬂ avours, and preservatives; and drive demand for essential raw materi- Launch of advanced formulations which could limit their ability to invest
Chemistry processes. Such processes  Increasing regulations and stan- als such as sealants, adhesives, and inhi- and concepts for commercial manu- in research & development and other

It is estimated to reach aim to minimize waste, reduce energy dards related to product quality and bitors. Consequently, this is projected facturing are augmenting growth. growth initiatives.
US$184,884.6-mn in 2023. Over the consumption, and lower the use of safety. to result in a substantial growth in the
assessment period from 2023 to 2033, hazardous substances. As companies strive fine chemicals market. These raw Rising awareness of personal care Why is ﬁ ne chemical demand surging
the global market is projected to to adopt sustainable manufacturing Key factors driving demand for ﬁ ne materials are commonly produced us- and increased application of clean- in China?
expand at a CAGR of 6.8%, culminating practices, demand for ﬁ ne chemicals chemicals ing complex chemicals derived from ing products are further supporting In 2022, East Asia accounted for
in a valuation of US$340,084.3-mn that enable greener processes continues Growing aging population, coupled ﬁ ne chemical synthesis. growth. Improved living standards 36.8% of the global ﬁ ne chemicals mar-
by the end of 2033. to increase. with rising health awareness among and rising e-commerce activities ket. The region is set to remain at the
them is expected to drive demand over Unlike the continuous production of would soon lead to increasing forefront amidst increasing demand for
There is an increasing focus on Fine chemicals manufacturing the forecast period. Increasing demand bulk chemicals, ﬁ ne chemicals are pro- demand for cosmetics and personal ﬁ ne chemicals across China, where the
quality and performance in various includes conversion of basic chemicals for ﬁ ne chemicals in the pharmaceuti- duced in batches. Agrochemicals and care items. It is likely to surge industry is set to expand at 7.0% CAGR
sectors such as pharmaceuticals, agri- into more complex ones. cals sector to be used as pure substances active pharmaceutical ingredients are demand for fine chemicals in the from 2023 to 2033.
culture, and specialty chemicals. Fine is likely to boost sales. set to be the most common chemicals next ten years. Increasing demand
chemicals are preferred for their high A few other factors pushing ﬁ ne in ﬁ ne chemicals space. for ﬁ ne chemicals as a food preserva- China has a well-established and
purity, precise composition, and speci- chemical sales in the market are Fine chemicals, which are charac- tive and ﬂ avour is another vital factor sophisticated chemical sector with
fic functionalities. They are consi-  Rising demand for ﬁ ne chemicals terised by their high cost and low Increasing spending by prominent driving the market. Rising awareness numerous companies and a strong supply
dered to be crucial in the development for the production of specialty poly- production volume, are frequently companies on research & development of packaged food and beverages is chain. This provides a good environ-
of advanced products and processes. mers, coatings, and adhesives; employed in the production of medications capabilities and growing popularity due expected to create new opportunities ment for the production and distribu-
As the aforementioned sectors strive  Expansion of the agricultural sector for heart and blood vessel ailments. to environmental concerns are further for ﬁ ne chemical manufacturers. tion of ﬁ ne chemicals.
for innovation and improved efﬁ - and high need for ﬁ ne chemicals in These chemicals are blended with basic expected to push demand.
ciency, demand for ﬁ ne chemicals to crop protection & fertilisers; compounds to create intricate chemical What factors might contribute to The country also has a large and
meet these requirements continues to  Increasing investments in develop- compounds that ﬁ nd diverse uses in How can ﬁ ne chemical manufacturers low ﬁ ne chemical sales in the global growing demand for ﬁ ne chemicals,
expand. ment of innovative materials such the pharmaceutical and nutraceutical beneﬁ t from opportunities in the market? driven by increasing demand for high-
as nanomaterials and advanced sectors. global market? One of the prominent challenges that quality pharmaceuticals, agrochemi-
The pharmaceutical sector is expe- composites; Increasing investment in research & the ﬁ ne chemicals space faces is high cals, and other chemical products. This
riencing signiﬁ cant growth globally.  Advancements in biotechnology In the ﬁ eld of medicine, ﬁ ne chemi- development activities is a key fac- costs associated with R&D. Fine chemi- demand provides a favourable market
With rising chronic diseases, increasing and genetic engineering, requiring cals play a crucial role in combating tor pushing the global market for ﬁ ne cals are used in a wide range of sectors, for the manufacturing and sale of ﬁ ne
healthcare spending, and development ﬁ ne chemicals for gene synthesis brain cancer, lung cancer, blood cancer, chemicals. Rising focus on the adop- including pharmaceuticals, food & beve- chemicals. China also has a favourable
of novel therapies, demand for ﬁ ne and DNA sequencing; and liver cancer. Prominent companies tion of new manufacturing techniques rage, cosmetics, and cleaning products, geographic location, with easy access
chemicals used in drug manufacturing to develop high-quality products is among others. Developing and manu- to raw materials and markets. This is
has surged. another vital factor that might create facturing these chemicals requires signi- further making it simpler for companies
potential opportunities for key ﬁ cant investment in research, which to produce and distribute ﬁ ne chemicals
Fine chemicals play a vital role in players. can be difﬁ cult for companies to justify and meet the demands of customers
the synthesis of active pharmaceutical given the uncertain returns. worldwide.
ingredients (APIs), which are the key Leading companies are nowadays
components responsible for the thera- offering a variety of services such as Another challenge that the ﬁ ne It also has a strong R&D infrastruc-
peutic effects of medications. As new synthesis development. They are also chemicals market is currently facing ture, with multiple universities and re-
drugs are being developed and exist- focusing on establishing commercial is growing awareness of the potential search institutions focused on chemicals
ing ones improved, demand for ﬁ ne production methods for small mole- negative effects of using certain chemi- and materials science. This has led to the
chemicals in the pharmaceutical sector cule manufacturing. cals. Skin allergies, for example, can be development of advanced technologies
remains robust. caused by the excessive use of speciﬁ c and processes for the production of ﬁ ne
A few other players are set to ﬁ ne chemicals. As a result, there is a chemicals, which are now being adopted
There is a growing trend toward cater to customers requiring limited growing demand for natural and organic by companies in the country.

166 Chemical Weekly March 5, 2024 Chemical Weekly March 5, 2024 167

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