manufacturing, and application of specialty chemicals with comprehensive functional and performance requirements. It is one of the most dynamic emerging fields in the chemical industry today.
Professor Zou Shuping from Zhejiang University of Technology explained at the forum that fine chemicals are characterized by a wide variety, high technological content, high added value, and broad application coverage. They encompass 11 categories, including pesticides, dyes, high-purity substances, catalysts, functional polymer materials, and active pharmaceutical ingredients (APIs). Among them, APIs and their intermediates, as well as pesticides and their intermediates, account for more than 32% of the sector and are critical to environmental, health, and safety concerns.
Luo Yamin stated that the global fine chemical market is expected to grow at an average annual rate of 3%–4% over the next five years, reaching a total size of $2.8 trillion by 2027. Among all consumption regions, China’s fine chemical market will grow the fastest, at about 6% annually. In the next five years, battery chemicals, electronic chemicals, pharmaceuticals, nutritional ingredients, adhesives and sealants, and flavors and fragrances will all exhibit growth rates higher than the industry average. According to the *China Fine Chemical
