What is a specialty chemical company?
Specialty chemicals is a diverse market that includes more than 50 chemical value chains across a broad spectrum of products, such as additives, adhesives, flavors, and engineering polymers.
How many chemical companies are there in Europe?
209.188
The total number of Chemical companies in Europe is 209.188.
What are examples of specialty chemicals?
Some of the categories of speciality chemicals are adhesives, agrichemicals, cleaning materials, colors, cosmetic additives, construction chemicals, elastomers, flavors, food additives, fragrances, industrial gases, lubricants, paints, polymers, surfactants, and textile auxiliaries.
Where are specialty chemicals used?
The applications of speciality chemicals include boosting agricultural, construction, pharmaceutical products processing, chemical and intermediates processing, food processing and ingredients for household, coatings and paper trading, and transportation.. These chemicals are used in many familiar item manufacture.
What is the difference between fine chemicals and speciality chemicals?
Fine chemicals are chemical substances that are obtained by means of complex syntheses and have a guaranteed degree of purity. Specialty chemicals is the broader term and generally includes chemical substances for special applications where the effect is what counts most.
Is chemical industry growing?
Industry Size Per government data, the Indian chemical industry was worth USD 178 billion in 2019 and is expected to grow to USD 304 billion by 2025 at a compound annual growth rate (CAGR) of 9.3 percent. It is expected to attract investments of Rs 8 lakh crore by 2025.
How large is the chemicals industry?
The production of chemicals involves converting raw materials such as fossil fuels, water, minerals, metals, and so on, into tens of thousands of different products that are central to modern life as we know it. In 2019, the total revenue of the global chemical industry amounted to almost four trillion U.S. dollars.
Which country has the biggest chemical industry?
The remaining quarter of global chemical sales were generated mainly by emerging countries in Asia, including the Middle East. With €1,547 billion in 2020, China is the largest chemicals producer in the world, contributing 44.6% of global chemical sales in 2020.
How do you start a specialty chemical business?
Getting Started with the Small-Scale Chemical Business
- Prepare a business plan. A business plan includes the framework of the chemical business’s goals, vision, and mission, which is based on industry information and market analysis.
- Be wary of the competition.
- Get expert opinion.
- Choose the route.
What is the largest chemical company in Europe?
More information. The leading chemical company in Europe based on revenue is BASF, according to the Financial Times Equity list of the leading global companies in 2019. In that year the German based chemical company generated a revenue of approximately 68 billion U.S dollars.
Is Europe’s chemical industry recovering?
Since then, European chemical market share has had some recovery, and by 2018 it amounted to 23.9 percent. In comparison, Asia’s chemical market share has been increasing annually: it reached 54 percent in 2018. A large proportion of the leading chemical companies in Europe shown in this ranking are based in Germany.
What is specialty chemicals?
The products created and produced by ‘Specialty Chemicals’ member companies, many of which are Small and Medium Enterprises, stem from original and continuous innovation. They drive the low-carbon, resource-efficient and knowledge based economy of the future.
What is the chemical industry like in Germany?
The German chemicals industry is by far the largest in Europe, generating a turnover of approximately 185 billion euros in 2016. The chemicals and pharmaceuticals sector is the third largest in Germany, behind automotive and machinery and equipment.