Specialty chemicals, also known as performance chemicals, are a category of chemicals that are produced for specific applications. These chemicals are designed to meet precise performance requirements and are often produced in small quantities. These chemicals are adopted in different industries, such as agriculture, pharmaceutical, plastics & composites, automotive, electronics, and personal care.
The requirement for specialty chemicals has significantly increased in emerging economies such as India and China, owing to the increasing demand from the agriculture, pharmaceutical, personal care & cosmetics, electrical & electronics, and automotive industries of the nations.
Electronic Industry
Modern electronics depend on sophisticated specialty chemicals. Some of the applications of these chemicals in the electronic industry are in flat screen displays, silicon wafers, circuit boards, and semiconductors.
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Plastics and Composites
In today’s world, the requirement for advanced plastics and composite materials is ever more important, such as in customer products packaging and also in the aerospace industry. As plastics become high-technology & more complex, specialty chemicals are vital to delivering the desired qualities. Examples comprise flame retardants, heat and light stabilizers, corrosion protectors, pliability modifiers, and antistatic agent
Agrochemical Types of Specialty Chemicals
Over the past few years, the used and requirement for agrochemical has increased significantly, owing to the availability of off-patent molecules, the mounting requirement for food & horticulture crops, government investment and regulation support, and export potential. Agrochemical types of specialty chemicals have numerous advantages, which range from soil fertility & increase crop production to crop protection & pest management.
Some other types of specialty chemicals are:
• Electronic chemicals: These chemicals are used as high-purity chemicals in manufacturing electronic components, for example, printed circuit boards, semiconductors, and integrated circuits.
• Polymers: These chemicals are used in manufacturing elastomers, resins, and plastics.
Due to the diversified application of specialty chemicals in numerous industries and the increasing requirement of these chemicals in emerging economies, such as China and India, the demand for specialty chemicals will continue to rise in the years to come.