Novozymes-Company profile, Business Overview, Financial Performance, Operating Segments, Strategic Moves, and Competitive Intelligence Report

Specialty chemicals, are the chemical products which make considerable value addition to a wide array of products belonging to various industries, such as textile, ink additives, construction, oil & gas, cosmetics, food and others. Specialty chemicals can be single-chemical formulations or entities whose composition greatly affects the overall functioning of customer’s’ product. These chemicals are used on the basis of their function and performance. Incessant R&D activities occurring in the market, have facilitated development of products with optimum and advanced feature, thereby driving the growth of the market. Rapid industrialization has led to an increasing demand from Asian countries such as India and China.