Global Pharmaceutical Fine Chemicals accounted for a market size of around USD 93 billion in the year 2019 and is projected to grow at a CAGR of more than 6% over the forecast period. Fine chemicals are pure substances, which are blended with basic chemicals to transform into complex chemicals, owing to which the product has high specification adding to its price. The chemicals are used in the different healthcare fields such as pharmaceuticals, and nutraceuticals. The positive outlook across these industries is augmenting the product demand.
The global Pharmaceutical Fine Chemicals market size is projected to reach over USD 157 billion by 2028. The rising geriatric population coupled with growing health awareness among consumers and the increasing number of cases for chronic diseases is expected to drive the product demand in the coming years. Furthermore, the utilization of chemicals across the agricultural industry to increase the yield of crops is further contributing to the growth of the industry.
.png "Global Pharmaceutical Fine Chemicals Market 2018-2028 (USD Billion)")
The COVID-19 situation posed a little impact on the pharmaceutical fine chemicals industry. The fine chemicals witnessed a surge in demand only from the healthcare sector as other sectors announced a halt in operations. During the initial phase of the outbreak, the demand took a hit as doctor priority was to treat coronavirus infected patients. Although, the steady opening of the lockdown restrictions along with the reopening of medical facilitates for treatment of various illnesses is expected to escalate the demand for the fine chemicals. Furthermore, rising awareness for attaining improved health conditions is further expected to escalate the growth in the post-COVID period.
Pharmaceutical Fine Chemicals Market Scope
| Metrics | Details |
| Base Year | 2020 |
| Historic Data | 2018-2019 |
| Forecast Period | 2021-2028 |
| Study Period | 2018-2028 |
| Forecast Unit | Value (USD) |
| Revenue forecast in 2028 | USD 157 billion |
| Growth Rate | CAGR of 6% during 2021-2028 |
| Segment Covered | Drug Type, Product, Application, Regions |
| Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
| Key Players Profiled | Denisco Chemicals, Albemarle Corporation, Kenko Corporation, W. R. Grace & Co., Chemada Fine Chemicals, Syntor Fine Chemicals, Johnson Matthey Fine Chemicals, and Pfizer Inc. |
Key segments across Pharmaceutical Fine Chemicals market
- Drug Type Overview, 2018 – 2028 (USD Billion and kilotons)
- Proprietary
- Non-Proprietary
- Product Overview, 2018 – 2028 (USD Billion and kilotons)
- Basic Building Blocks
- Advanced Intermediates
- Active Ingredients
- Application Overview, 2018 – 2028 (USD Billion and kilotons)
- Cardiovascular
- Neurological
- Oncological
- Respiratory
- Gastrointestinal
- Musculoskeletal
- Others
- Regional Overview, 2018 – 2028 (USD Billion and kilotons
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o Rest of Middle East & Africa
• South America
o Brazil
o Rest of South America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Italy
o Rest of Europe
• Asia Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Middle East & Africa
o Saudi Arabia
o Rest of Middle East & Africa
• South America
o Brazil
o Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global Pharmaceutical Fine Chemicals industry. Benchmark yourself against the rest of the market.
- Be prepared for how Pharmaceutical Fine Chemicals industry investments will be impacted by socio-political and economic factors over the next few years.
- Ensure you remain competitive as new innovations by existing key players boost the market.
What does the report include?
- The study on the global Pharmaceutical Fine Chemicals includes qualitative factors such as drivers, restraints, and opportunities.
- The study covers the competitive landscape of existing/prospective players in the industry and their strategic initiatives for the form development.
- The study covers a qualitative and quantitative analysis of the market segmented on the basis of drug type, products, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
This study is suitable for industry participants and stakeholders in the global Pharmaceutical Fine Chemicals. The report will benefit:
- Every stakeholder involved in manufacturing and distributing components or solutions.
- Managers within financial institutions looking to publish recent and forecasted statistics pertaining to the global Pharmaceutical Fine Chemicals industry.
- Government organizations, regulatory authorities, policymakers and financial organizations looking for T&D investment trends in global Pharmaceutical Fine Chemicals industry.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Frequently Asked Questions (FAQ) :
The global specialty chemicals market size is projected to reach $954.01 billion, growing at a CAGR of 6.0% over the forecast period.
The growing consumer health consciousness along with the expanding aging population is likely to drive growth of the market throughout the projection period.
The global pharmaceutical fine chemicals market is growing significantly Owing to the necessity for developing nations to have a reliable source of important pharmaceuticals at reasonable rates.
Angelini Acraf S.p.A., Kenko Corporation, W.R. Grace & Co., and Albemarle Corporation.
North America accounted for the lion's share of the pharmaceutical fine chemicals industry due to the region having the largest pharmaceutical sector, which also reasons for increasing high healthcare spending.
The pharmaceutical fine chemicals are witnessing an upsurge in demand owing to increasing awareness toward maintaining health and ill-effects of chemical products. Positive government outlook along with the introduction of regulatory norms is stimulating the industry size. For instance, the raw material used for the preparation of the chemicals is administered by the Food and Drug Administration (FDA). The organization has established different standards for the products manufactured from the chemicals. The industry is characterized by industry players focusing on research & development (R&D) activities. The rising demand for chemicals owing to the diverse applications is expected to stimulate the business upsurge.
Drug Type Segment
In terms of drug type, the market is bifurcated into proprietary, and non-proprietary segments. The proprietary segment is estimated to hold a major market share over the forecast period. The market growth of this segment is ascribed to the rising utilization of technologies by industry participants to manufacture drugs that are effective as well as cost-competitive.
Product Segment
On the basis of the product segment, the market is distributed into basic building blocks, advanced intermediates, and active ingredients. The active ingredient is analyzed to hold the largest market share in comparison to other products on account of demand for high purity, and quality products.
-2018–2028.png "Global Pharmaceutical Fine Chemicals Market by Product (Active Ingredient) 2018–2028")
Application Segment
Based on the application, the market is segmented into cardiovascular, neurological, oncological, respiratory, gastrointestinal, and musculoskeletal. The cardiovascular segment is anticipated to witness a significant growth rate over the forecast years. These chemicals are used to manufacture drugs for the treatment of blood vessels and heart diseases.
In terms of geography, the global Pharmaceutical Fine Chemicals is segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is anticipated to dominate the global Pharmaceutical Fine Chemicals market. The region comprises strict regulations for manufacturing and consumption. The region is further characterized by increase in awareness for drug use and consumer inclination toward preventive healthcare, which in turn, has upheld the product demand.
The leading players operating across the global Pharmaceutical Fine Chemicals market include Denisco Chemicals, Albemarle Corporation, Kenko Corporation, W. R. Grace & Co., Chemada Fine Chemicals, Syntor Fine Chemicals, Johnson Matthey Fine Chemicals, and Pfizer Inc. The market for Pharmaceutical Fine Chemicals is consolidated with established global players and is further witnessing the emergence of new industry players Moreover, the industry players are targeting toward enhancing their market share through implementation of merger & acquisition, collaboration growth strategies.