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Global Fine Chemicals Market 2019 by Company, Regions, Type and Application, Forecast to 2024
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Global Fine Chemicals Market Is Valued At USD 151.17 Billion In 2018
Fine chemicals are produced in limited volumes and at relatively high prices according to exacting specifications, mainly by traditional organic synthesis in multipurpose chemical plants. Fine chemical industry is one of the most dynamic new fields in chemical industry and an important part of new materials. The fine chemical products have many kinds, high added value, wide applications and high industrial relevance, which directly serve many industries of national economy and various fields of high-tech industries.
Developing fine chemical industry has become the strategic focus of adjusting chemical industry structure, upgrading chemical industry level and expanding economic benefit. The rate of fine chemical industry (the proportion of the output value of fine chemical industry in the total output value of chemical industry) has become an important symbol to measure the degree of chemical industry development and the level of chemical technology in a country or region.
Fine chemicals are produced in limited volumes and at relatively high prices according to exacting specifications. Fine chemical industry is one of the most dynamic new fields in chemical industry and an important part of new materials. The fine chemical products have many kinds, high added value, wide applications and high industrial relevance, which directly serve many industries of national economy and various fields of high-tech industries.
The global Fine Chemicals market is valued at USD 151.17 billion in 2018 and is expected to reach USD 249.99 billion by the end of 2025, growing at a CAGR of 7.43% between 2019 and 2025.
The top ten producers of fine chemicals are BASF, Saltigo, Jayhawk Fine Chemicals, Boehringer-Ingelheim, Fujifilm Diosynth, DSM, Albemarle, Lonza, Catalent, Flamma Group, Sumitomo Seika Chemicals, Novasep, Patheon, Zhejiang Medicine, NHU. BASF accounts for the largest proportion.
Fine Chemicals are classified as Pharmaceuticals, Vitamins, and Insecticides, etc. In 2018, Pharmaceuticals accounted for a major share of 57.32% the global Fine Chemicals market, this product segment is poised to reach 155.07 Million US$ by 2025 from 86.65 Billion US$ in 2018.
North America and Europe is the industry's leading region. In 2018, the revenue of Fine Chemicals is about 36.17 billion USD in North America; its proportion of total global revenue exceeds 23.91%. In 2018, the revenue is about 46.31 billion USD in Europe. India and China have witnessed a major chunk developing of Fine Chemicals in the Asia region.
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