JERSEY
CITY, N.J., May 7, 2024
/PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release
of a market assessment report on the "Global pharmaceutical
Fine Chemicals Market (By Product (Basic Building Blocks,
Advanced intermediates, and Active ingredients), Type (Proprietary,
Non-proprietary), Chemical (Small Molecules, Big Molecules), By
Application (Cardiovascular, Neurology, Oncology, Infectious
diseases, Metabolic system, Diabetes, Respiratory diseases,
Gastrointestinal diseases, Musculoskeletal diseases, and Other)
Trends, Industry Competition Analysis, Revenue and Forecast To
2031."
According to the latest research by InsightAce Analytic, the
Global pharmaceutical Fine Chemicals Market is
valued at US$ 133.8 Bn in 2023, and it is expected to
reach US$ 246.5 Bn by 2031,
with a CAGR of 8.15% during the forecast period of
2024-2031.
Pharmaceutical fine chemicals used in pharmaceutical drug
production. It includes a wide range of chemicals, from the active
pharmaceutical ingredients (APIs) to the excipients used in drug
production.
The pharmaceutical chemical market is anticipated to be driven
by the rising demand for advanced drugs, growing geriatric
population, increased prevalence of chronic diseases, increasing
demand for active pharmaceutical chemicals by the significant
pharma players and expanding healthcare access and insurance. As
all the factors mentioned above tend to increase the demand for
medications, a steady supply of pharmaceutical fine chemicals to
produce medications is required and expected to support the market
growth.
However, stringent regulatory requirements, high cost of R&D
and intense competition in the pharmaceutical fine chemicals may
hinder market growth.
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https://www.insightaceanalytic.com/request-sample/2462
List of Prominent Players in the Pharmaceutical Fine
Chemicals Market:
- Denisco
- Albemarle Corporation
- Kenko Corporation
- GRACE
- CHEMADA
- JMP Statistical Discovery LLC.
- Pfizer Inc.
- GSK plc.
- Other Prominent Players
Pharmaceutical Fine Chemicals Market Report Scope:
Report
Attribute
|
Specifications
|
Market Size Value In
2023
|
USD 133.8 Bn
|
Revenue Forecast In
2031
|
USD 246.5 Bn
|
Growth Rate
CAGR
|
CAGR of 8.15% from 2024
to 2031
|
Quantitative
Units
|
Representation of
revenue in US$ Bn and CAGR from 2024 to 2031
|
Historic
Year
|
2019 to 2023
|
Forecast
Year
|
2024-2031
|
Report
Coverage
|
The forecast of
revenue, the position of the company, the competitive market
structure, growth prospects, and trends
|
Segments
Covered
|
By Product, Chemical,
Type, Application Type, Region
|
Regional
Scope
|
North America; Europe;
Asia Pacific; Latin America; Middle East & Africa
|
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Report:
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Market Dynamics:
Drivers:
The rising demand for advanced drugs mainly supports the
pharmaceutical fine chemicals market. The increasing ageing
population and the prevalence of chronic diseases influence
advanced medication research, launch, and adoption. Prominent
industry players invest in research and development initiatives to
capitalize on the increasing demand for pharmaceutical drugs. All
these factors drive the market for pharmaceutical fine
chemicals.
Challenges:
Stringent regulatory requirements for raw materials used to
produce pharmaceutical fine chemicals can slow market growth as
manufacturers must comply with strict quality control measures and
lengthy approval processes. Also, pharmaceutical fine chemical
companies need to invest large sums in quality control
infrastructure, validated systems, and certified facilities able to
satisfy regulatory audit requirements.
Regional Trends:
The North American pharmaceutical fine chemicals market is
anticipated to register a major market share in revenue in 2024 due
to major pharma players' presence and favourable government
mandates for producing pharmaceutical fine chemicals in the region.
However, Asia-Pacific is expected
to grow at the fastest CAGR during the study period, majorly due to
high population growth in countries such as China and India, rising disposable income as well the
increasing standard of living, increasing API production and
growing investment in R&D sector by key market players in the
region.
Recent Developments:
- In May 2022, Pfizer
launched Asia's largest and only
drug development center in Chennai,
India. The new facility will develop Active Pharmaceutical
Ingredients (APIs) and Finished Dosage Forms (FDFs) for a wide
spectrum of Prizer's products. The new facility is geared at
working on small molecule drug development, and labs designed for
chemistry, microbiology, process engineering, support labs,
etc.
- In May 2019, Thermo Fisher
Scientific Inc. signed a definitive agreement to acquire a drug
substance manufacturing site in Cork,
Ireland, from GlaxoSmithKline plc. The Cork site will boost capacity to fulfill
client demand for the development and commercial manufacturing of
complex active pharmaceutical ingredients (APIs).In accordance with
a supply agreement that spans multiple years, Thermo Fisher will continue to manufacture APIs
for GSK. Additionally, the company intends to expand its usage of
the location in order to develop and manufacture complicated APIs
for other customers.
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@ https://www.insightaceanalytic.com/buy-report/2462
Segmentation of Pharmaceutical Fine Chemicals Market-
By Product-
- Basic Building Blocks
- Advanced Intermediates
- Active Ingredients
By Type
- Proprietary
- Non-proprietary
By Chemical
- Small Molecules
- Big Molecules
By Application
- Cardiovascular
- Neurology
- Oncology
- Infectious diseases
- Metabolic system
- Diabetes
- Respiratory diseases
- Gastrointestinal diseases
- Musculoskeletal diseases
- Other
By Region-
North America-
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and
Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for global
Pharmaceutical Fine Chemicals market
- To receive industry overview and future trends of global
Pharmaceutical Fine Chemicals market
- To analyze the Pharmaceutical Fine Chemicals market drivers and
challenges
- To get information on the Pharmaceutical Fine Chemicals market
size value (US$ Mn) forecast till 2031
- Major Investments, Mergers & Acquisition in global
Pharmaceutical Fine Chemicals industry
Other Related Reports Published by InsightAce
Analytic:
Active Pharmaceutical Ingredients Market
Chemical Distribution Market
Pharma Parenteral Packaging Market
Lipid Nanoparticle Raw Materials Market
CBD Ingredient Market
Biopharmaceutical Excipient Manufacturing Market
About Us:
InsightAce Analytic is a market research and consulting firm
that enables clients to make strategic decisions. Our qualitative
and quantitative market intelligence solutions inform the need for
market and competitive intelligence to expand businesses. We help
clients gain competitive advantage by identifying untapped markets,
exploring new and competing technologies, segmenting potential
markets and repositioning products. Our expertise is in providing
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analysis with key market insights in a timely and cost-effective
manner.
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InsightAce Analytic PVT. LTD
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