The fine chemicals industry is a typical processed and intermediary materials industry that procures basic chemicals to supply raw materials and auxiliary materials to the downstream industries. Fine chemicals manufacturing is typically carried out in batch processes, with synthesis being followed by separation and purification steps. Pharmaceutical sector has always been the largest market for fine chemicals industry, according to a report by IndustryARC.
The report "Fine chemicals Market: By End-User (Pharmaceuticals, Agro Chemicals, Polymer Additives, Food and Feed, Pigments, Dyes, Electronics, Perfumes and Fragrances, and Others); By Geography (North America, Europe, Asia-Pacific, and Rest of the World (RoW)) - Forecast (2017 - 2021)", IndustryARC research estimates the market to reach $191.03 billion by 2021.
Pharmaceutical sector has always been the largest market for fine chemicals industry. Moreover, it is estimated that pharmaceutical intermediates will account for over 70 percent of the fine chemicals market by 2017. Although the number of fine chemical companies involved in the manufacture of high potency APIs (HPAPIs) has historically been limited, the segment has attracted more companies recently.
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