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Pharmaceutical Chemicals Global Market Worth $182.44 Billion at a CAGR of 7.1%. By 2028 | Key Players: BASF SE, Abbott Laboratories, Johnson Matthey PLC, Lanxess AG, Lonza Group AG
Pharmaceutical Chemicals Market
The Business Research Company's Pharmaceutical Chemicals Global Market Report 2023 identifies the increasing prevalence of neurological disorders is expected to propel the growth of the pharmaceutical chemicals market. A neurological disorder is a condition that affects the central and peripheral nervous system, including the brain, spinal cord and nerves found throughout the human body.
The pharmaceutical chemicals market size has grown strongly in recent years. It will grow from $129.54 billion in 2023 to $138.71 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth in the historic period can be attributed to advancements in drug discovery, aging population, regulatory changes, increasing chronic diseases. The pharmaceutical chemicals market size is expected to see strong growth in the next few years. It will grow to $182.44 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%.
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Major players in the pharmaceutical chemicals market are BASF SE, The Dow Chemical Company, Abbott Laboratories, Johnson Matthey PLC, Evonik Industries AG, Eastman Chemical Company, Koninklijke DSM N.V, Lanxess AG, Albemarle Corporation, Lonza Group AG, Clariant AG, W. R. Grace and Co, Jubilant Life Sciences Ltd., Sumitomo Seika Chemicals Co Ltd., Borregaard ASA, WeylChem International GmbH, Vertellus Holdings LLC, CABB Group GmbH, Dishman Carbogen Amcis Ltd., Hikal Ltd., Porton Fine Chemicals Ltd., Denisco Chemicals Pvt Ltd., CHEMADA Industries Ltd., Valaji Pharma Chem, Syntor Fine Chemicals Ltd., Kenko Corporation.
The higher cost of manufacturing building blocks for APIs is the main growth impediment to the pharmaceutical chemicals market during the forecast period. The higher cost can make it more difficult for companies to produce drugs at a lower cost, which can ultimately impact consumers.
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The Pharmaceutical Chemicals market is segmented -
1) By Product Type: Solvents, Reagents Or Catalysts, KSMs Or Intermediates, Building Blocks For APIs Or Advanced Intermediates
2) By Drug Type: Proprietary, Non-Proprietary
3) By Application: Cardiovascular Disease, Neurological Disease, Oncological Disease, Respiratory Disease, Gastrointestinal Disease, Musculoskeletal Disease
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Pharmaceutical Chemicals market.
The Business Research Company's "Global Pharmaceutical Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Pharmaceutical Chemicals Market Include:
1. Executive Summary
2. Pharmaceutical Chemicals Market Characteristics
3. Pharmaceutical Chemicals Market Trends And Strategies
4. Pharmaceutical Chemicals Market - Macro Economic Scenario
5. Pharmaceutical Chemicals Market Size And Growth
……
27. Pharmaceutical Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Pharmaceutical Chemicals Market
29. Pharmaceutical Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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