What do you mean by specialty chemicals?

What do you mean by specialty chemicals?

Speciality chemicals (also called specialties or effect chemicals) are particular chemical products which provide a wide variety of effects on which many other industry sectors rely. Speciality chemicals are materials used on the basis of their performance or function.

What is the meaning of commodity chemicals?

Commodity chemicals (or bulk commodities or bulk chemicals) are a group of chemicals that are made on a very large scale to satisfy global markets. The average prices of commodity chemicals are regularly published in the chemical trade magazines and web sites such as Chemical Week and ICIS.

What are commodity chemicals used for?

Commodity chemicals, also known as bulk chemicals refer to that set of chemicals that are manufactured on a massive scale for the production of other chemicals. These other chemicals are used extensively for manufacturing final products like plastics, tires, construction materials, adhesive and apparel.

What is the difference between fine and bulk chemicals?

The chemical industry can be simplified into two main parts – fine chemicals, which are pure and complex, and bulk chemicals, which are made in huge quantities. Fine chemicals provide the means for things like drugs, fragrances, and additives in food.

What’s the difference between specialty and Speciality?

Specialty is the word used in American English (the OED reports it’s chiefly Northern American), while speciality is used in British English.

What are examples of specialty chemicals?

Examples include adhesives and sealants; catalysts; cosmetic chemicals; electronic chemicals; food additives; flavors and fragrances; high-performance thermoplastics; high-performance anticorrosion coatings; industrial and institutional cleaners; lubricating oil additives; nutraceuticals; oil field chemicals; synthetic …

Are chemicals a commodity?

In fact basic chemicals are chemical substances used as a starting material for the production of a wide variety of other chemicals; for this reason they are in general commodities, because they are highly demanded.

Which is a commodity?

A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services. When they are traded on an exchange, commodities must also meet specified minimum standards, also known as a basis grade.

What are commercial chemicals?

Commercial chemical product means a chemical substance which is manufactured or formulated for commercial, agricultural or manufacturing use. This term includes a manufacturing chemical intermediate, off-specification chemical product, which, if it met specification, would have been a chemical product or intermediate.

What are fine 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.

What is an example of a specialty good?

Specialty goods have particularly unique characteristics and brand identifications for which a significant group of buyers is willing to make a special purchasing effort. Examples include specific brands of fancy products, luxury cars, professional photographic equipment, and high-fashion clothing.

What is your specialty meaning?

1 : a distinctive mark or quality. 2a : a special object or class of objects: such as. (1) : a legal agreement embodied in a sealed instrument. (2) : a product of a special kind or of special excellence fried chicken is my specialty.

Are specialty chemicals becoming commodities?

However, as chemical research and development advances, specialty chemicals become much more efficient to produce and may transition into a commodity chemical. A commodity chemical that has become completely interchangeable is known as a “fungible” material.

What is the difference between specialty and General Chemicals?

Specialty chemicals, on the other hand, are more exclusive when it comes to the manufacturers able to produce them. These chemicals are geared toward specific services and customer needs, rather than general use.

What is the speciality chemical market?

The speciality chemical market is complex and each specialty chemicals business segment comprises many sub-segments, each with individualized product, market and competitive profiles. This has given rise to a wide range of business needs and opportunities, consequently there are a large number of speciality chemical companies around the world.

What is the manufacturing process of speciality chemicals?

Manufacturing speciality chemicals. Speciality chemicals are usually manufactured in batch chemical plants using batch processing techniques. A batch process is one in which a defined quantity of product is made from a fixed input of raw materials during a measured period of time.