Specialty chemicals, often referred to as “effect” or “performance” chemicals, are formulations crafted with precision to serve a specific function or achieve a desired effect. These chemicals are specifically formulated for each industry and provide specific benefits or functions that are needed in each sector. Unlike commodity chemicals that find broad applications, specialty chemicals find their niche in one or two products, often in collaboration with a single manufacturer. As technology evolves at a rapid pace, these chemicals are becoming increasingly indispensable, playing an essential role in industries that demand innovation and refinement.