How is the import substitution trend affecting the supply-demand balance for specialty chemical intermediates like CAS 118121-89-4?
The trade friction angle is real but don't overlook quality certification cycles. Even with strong domestic demand, qualifying a new intermediate for advanced photoresist or PCB applications can take 12-18 months. Early movers who secure qualification now will benefit most when the next wave of capacity comes online, especially as high-end PCB and packaging substrate output grows faster than traditional boards.
