Specialty chemicals, also known as performance chemicals, are chemical substances and formulations produced to serve specific functions and applications. These chemicals are primarily designed to have unique properties and characteristics that meet specific industry requirements. Specialty chemicals are manufactured in smaller volumes, focusing on quality, performance, and customization, unlike commodity chemicals that are produced in large quantities

Specialty chemicals, also known as performance chemicals, are chemical substances and formulations produced to serve specific functions and applications. These chemicals are primarily designed to have unique properties and characteristics that meet specific industry requirements. Specialty chemicals are manufactured in smaller volumes, focusing on quality, performance, and customization, unlike commodity chemicals that are produced in large quantities

Spare parts are parts of a machine that are inventoried, and these parts are used to replace the broken parts of a machine when needed. A few common examples of spare parts that are frequently replaced in the automotive industry are tires, batteries, exterior lights, and windshields. In the aerospace industry, spare parts include tires, batteries, bulbs, and spark plugs of aircraft.

The global energy crisis has created unprecedented challenges in energy and commodity markets and supply-chain disruptions, leading to an extraordinary economic environment testing policymakers and the private sector. Despite the turmoil, the energy transition has not halted. It has accelerated. This acceleration is driven by the improving economic competitiveness of key clean energy technologies against fossil fuels, coupled with many governments seeking alternatives to volatile energy commodities.