Fine Chemicals Market Forecasts 6.8% CAGR, Reaching USD 340 Billion by 2033
According to research conducted by Future Market Insights (FMI) on the global fine chemicals industry, demand is set to reach a valuation of USD 340,084.3 million by the end of 2033. Production of medicines and agrochemical products has been the prominent factor responsible for growth in the fine chemicals market.
Size of the global market for fine chemicals was USD 144,469.5 million in 2018. In 2022, the market experienced a 6.6% yearly growth. In 2023, it's projected to amount to USD 184,884.6 million.
In a number of sectors, including specialty chemicals, agriculture, and pharmaceuticals, quality and performance are becoming increasingly important. High purity, exact composition, and specialized functions are characteristics of fine chemicals.
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