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NEW YORK ( TheStreet) -- Cytec Industries (NYSE: CYT) hit a new 52-week high Tuesday as it is currently trading at $79.06, above its previous 52-week high of $78.73 with 7,679 shares traded as of 9:30 a.m. ET. Average volume has been 641,000 shares over the past 30 days. Cytec has a market cap of $3.16 billion and is part of the basic materials sector and chemicals industry. Shares are up 13.9% year to date as of the close of trading on Monday. Cytec Industries Inc., a specialty chemicals and materials company, focuses on developing, manufacturing, and selling value-added products for aerospace and industrial materials, mining, and plastic industries worldwide.