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Synopsis Fine chemicals are the chemicals which are produced in comparatively small quantities and in relatively pure state. Fine chemicals correspond to a distinct segment of the chemical industry, including low tonnage molecules (tyoically 10-20 Kt.) Pharmaceutical and Biological Products, Perfumes, Photographic chemicals and Electronic Grade reagents are examples of fine chemicals. High purity reagents (99.999999% pure) are also classified as fine chemicals.Globally, the fine chemicals industry continues to be very fragmented in spite of some consolidation, partly due to the limited impact of economy of scale on th ebusiness. While, fine chemicals do offer limited albeit real oppertunities for product differntiation, in contrast to commodity chemicals, they are unlike specialities, which offer much larger scope for standing ory due to an enhanced contribution of technical services and application know how.