The global Pharmaceutical Chemicals Market size is expected to reach US$ 197.4 billion by 2030 from US$ 104 billion in 2020 and is expected to grow at an impressive double-digit rate of 6.9% from 2021 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global Pharmaceutical Chemicals Market for the period 2017-2030, wherein 2021 to 2030 is the forecast period and 2020 is considered as the base year.
Why should you invest in this report?
If you are aiming to enter the global Pharmaceutical Chemicals Market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for Pharmaceutical Chemicals are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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Growth Factors
The global pharmaceutical chemical market is driving due to increasing demand for advanced drugs across the globe. Additionally, constant need of the healthcare facilities, along with increasing old age population worldwide are among major factors to flourish growth of the target industry in the near future. For instance, in Europe the geriatric population aged over 65 found more than 20% in 2019. Growing demand for active pharmaceutical chemicals by the pharmaceutical key players across the globe is expected to augment target industry growth. Furthermore, development of the neurological drugs such as glutamate modulators are supporting to the global industry growth. Changing lifestyle and obesity are leading to increasing various types of chronic diseases which is accelerating the demand for pharmaceutical chemicals.
Moreover, government of developed countries is providing healthcare insurances is having encouraging impact on the growth of global pharmaceutical chemical market. Moreover, increasing government support for innovation especially in the developing countries is another factor to boost growth of the target industry in the near future. Pharmaceutical chemicals are offers various advantages such as less energy consumption as well as cost-effective production which have positive impact on the growth of this industry. Nevertheless, emerging applications of pharmaceutical chemicals is anticipated to create potential opportunities for the growth of the target market.
Report Highlights
- Among the product segment, basic building blocks segment is dominated the overall market. The advanced intermediates product segment is expected to grow at a significant CAGR during the forecast time-frame. Advanced intermediates encompass the fine and basis chemical.
- Among the application type, cardiovascular segment accounted for the largest revenue with significant share of around 30% in 2020. This is growth is due to increasing prevalence of cardiovascular diseases across the globe. Oncology segment is expected to grow at a significant CAGR during the forecast time-frame.
- BASF segment accounted for a significant share of the global pharmaceutical chemicals market.
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Key Market Players and Strategies
- BASF
- Lonza
- Porton Fine Chemicals
- Dishman
- Lanxess
- Johnson Matthey
- Vertellus Holdings
- Jubilant Life Sciences
- Hikal
- Abbott
Major Market Segments Covered:
By Product
- Basic building blocks
- Advanced intermediates
- Active ingredients
By Application
- Cardiovascular
- Neurology
- Oncology
- Infectious diseases
- Metabolic system
- Diabetes
- Respiratory diseases
- Gastrointestinal diseases
- Musculoskeletal diseases
- Other
Regional Analysis:
The geographical analysis of the global Pharmaceutical Chemicals Market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American market is again segmented into the US, Canada, and Mexico. Coming to the European market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global Pharmaceutical Chemicals Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global Pharmaceutical Chemicals Market in 2030?
- What is the expected CAGR for the Pharmaceutical Chemicals Market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global Pharmaceutical Chemicals Market?
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