• The Connotation of Fine Chemicals

      Fine chemicals refer to the abbreviation of the industry that produces fine chemicals in the chemical industry. They are small-batch, high-performance chemicals that can enhance or endow a (type of) product with specific functions or possess specific functions themselves. They are characterized by high technology intensity, high added value, significant profits, small batches, and a large variety of products.

• Technical Characteristics of Fine Chemicals

      Fine chemicals have the technical characteristics of multiple varieties, multiple functions, strong commodity nature, and high technology intensity. Especially the high technology intensity, which is formed by several basic factors. Firstly, in practical applications, fine chemicals appear with comprehensive functions as commodities. This requires screening different chemical structures in chemical synthesis and giving full play to the synergy between the functions of fine chemicals themselves and other cooperating substances in the production of dosage forms (preparations). There is also a compounding process from preparations to commercialization. Taking dyes and pigments as examples, these internal and external factors are both interrelated and mutually restrictive, which forms an important factor contributing to the high technology intensity of fine chemicals.

• Economic Characteristics of Fine Chemicals

      Fine chemicals have economic characteristics such as high investment efficiency, high profit margins, and high added value. Investment efficiency refers to the percentage of added value divided by fixed assets. Generally speaking, the chemical industry belongs to the capital-intensive industry with high capital intensity. However, fine chemicals require less investment and have high investment efficiency. The capital intensity is only 0.3 - 0.5 of the average index of the chemical industry and 0.2 - 0.3 of the fertilizer industry.