Pharmaceutical Fine Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023
- Transparency Market Research
Fine chemicals are characterized by their high price and low volume usage vis-à-vis commodity chemicals. Fine chemicals are made to high specification. These are chosen carefully considering their specific molecular properties, unlike specialty chemicals, which are procured especially for their functional characteristics. Fine chemicals are also known as specification chemicals. Fine chemicals that are used in the manufacture of pharmaceutical products are known as pharmaceutical fine chemicals. Agrochemical and pharmaceutical are the two major end-user industries of fine chemicals. The pharmaceutical industry is a major contributor to the fine chemicals market. In terms of demand, pharmaceutical fine chemicals account for more than two-third share of the global fine chemicals market. Thus, pharmaceutical fine chemicals are the most important segment of fine chemicals.
Pharmaceutical fine chemicals are classified into three major categories: active ingredients, key (pivotal or critical) intermediates, and basic intermediates. Active ingredients are responsible for the primary activity of the finished formulation. Key intermediates are fine chemicals that are usually used in the production of one or two pharmaceutical actives. Basic intermediates are considerably simple chemicals, which are primarily employed as building blocks for pharmaceuticals and other types of performance chemicals. Thus, pharmaceutical fine chemicals are used in a wide range of applications in the pharmaceutical industry. Growth in the pharmaceutical industry is anticipated to fuel the pharmaceutical fine chemicals market.
The pharmaceutical fine chemicals market is estimated to expand at a healthy CAGR during the forecast period. Asia Pacific is projected to be the fastest growing market for pharmaceutical fine chemicals during the forecast period. Expansion in the pharmaceutical industry in India and China coupled with growth in infrastructure is likely to drive the pharmaceutical fine chemicals market in Asia Pacific in the near future. The need for developing countries to secure an independent source of essential drugs at moderate prices is also boosting the demand for pharmaceutical fine chemicals. In these countries a fully integrated production capability has been developed, with pharmaceutical fine chemicals being mass-produced from a blend of imported and locally made raw materials. However, implications of the patent cliff and changes in the funding of health care provision can act as restraints for the growth of the global pharmaceutical fine chemicals market. The pharmaceutical fine chemicals market is projected to become increasingly fragmented in the near future due to intense competition and entry of new players, especially in Asia.
Computing the value of the sales achieved by the pharmaceutical fine chemical industry is considered to be a difficult task. One important reason being that the, statistics on the sale and production of fine chemicals are not in the public domain; rather they are guarded commercial secrets. Another source of difficulty results from the problems associated with the difficult industry structure. During the transformation of a raw material to a finished bulk pharmaceutical, manufacturers usually tend to ship the chemical intermediates between companies multiple times. Thus through double - counting the total sales of the industry will be greater than the actual sales.
In terms of region, Europe and Asia are the largest producers of pharmaceutical fine chemicals. Leading companies in the global pharmaceutical fine chemicals market operate primarily in Europe and Asia. Major companies operating in the global pharmaceutical fine chemicals market include Lonza Group Ltd., Royal DSM N.V. Evonik Industries, Albemarle Corporation, The Dow Chemical Company, Eastman Chemical Company, BASF SE, Clariant AG, Boehringer Ingelheim GmbH,and Akzo Nobel N.V.
This research report analyzes this market on the basis of its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a six-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- It provides distinctive graphics and exemplified SWOT analysis of major market segments
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Pharmaceutical
PharmaceuticalChinese Markets for Mental Illness Drugs
PharmaceuticalChinese Markets for Anti-Dermatomycosis Skin Drugs
PharmaceuticalChinese Markets for Incretion Drugs
PharmaceuticalChinese Markets for Hypertension Drugs
Pharmaceuticals and HealthcareGlobal Bionic Ears Market Professional Survey Report 2017
Pharmaceuticals and HealthcareNeuropsychiatric Disorder Cluster Drug Development Pipeline Review, 2017
Pharmaceuticals and HealthcareHepatitis Drug Development Pipeline Review, 2017