Chemical Formulations are intangible assets available to business entities which can be valued by business valuators. A Chemical Formulation is a mixture of chemicals combined uniquely to produce a final product with desirable characteristics. Such formulations cut across a broad range of products such as sodas, paints, medicine, sun-screen, fuels, cleaning agents, fertilizers, and processed foods. Chemical formulations qualify as intangible assets because they are identifiable, separable, and the associated potential economic benefits can be accurately measured. To value the fair market value of chemical formulations, business valuation analysts apply techniques under the market, asset and income valuation methods.