Unlocking Opportunities in the Pharmaceutical Chemicals Market: 2025-2034 Forecast Report

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What Will the Pharmaceutical Chemicals Industry Market Size Be by 2025?
In recent years, there has been a significant expansion in the market size of pharmaceutical chemicals. It's projected to surge from $138.71 billion in 2024 to $147.86 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.6%. The past growth can be credited to progress in drug discovery, an aging demographic, modifications in regulations, and the rise in chronic diseases.

What's the Long-Term Growth Forecast for the Pharmaceutical Chemicals Market Size Through 2029?
The market size for pharmaceutical chemicals is projected to experience robust growth in the following years, reaching a valuation of ""$197.87 billion by 2029. This represents a compound annual growth rate (CAGR) of 7.6%. The surge predicted in the forecast period can be linked to the rise of personalized medicine, biopharmaceuticals and biosimilars, emerging markets, and the increasing adoption of digital health and telemedicine. The future trend is expected to be dominated by precision drug manufacturing, gene and cell therapies, drug repurposing, as well as vaccine development and production.

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What Are the Key Growth Drivers Fueling the Pharmaceutical Chemicals Market Expansion?
The escalating occurrence of neurological conditions is predicted to fuel the expansion of the pharmaceutical chemicals industry. Neurological disorders are illnesses that impact the central and peripheral nervous system, encompassing the brain, spinal cord, and nerves scattered across the human body. Pharmaceutical chemicals are utilized to formulate and manufacture drugs for neurological disorders that assist in managing pain and locomotor problems. For instance, the Alzheimer's Association's 2023 Alzheimer's Disease Facts and Figures report projects that approximately 6 million Americans will be living with Alzheimer's in 2023 and this number is expected to nearly double to 13 million by 2030. Additionally, the cost to the nation for Alzheimer's and other dementias will be about $345 billion in 2023, with a projection to reach $1 trillion by 2050. Consequently, the increasing occurrence of neurological disorders propels the growth of the pharmaceutical chemicals market.

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What Are the Key Trends Driving Pharmaceutical Chemicals Market Growth?
Leading pharmaceutical chemistry companies are adopting innovative technologies that are popular in their industry. These include cloud-based Quantum Chemistry platforms offered via Software-as-a-Service (SaaS). These SaaS Quantum Chemistry platforms allow subscribers to access quantum chemistry software and resources. QC Ware Corp, a US-based quantum computing software company, for example, launched a SaaS Quantum Chemistry platform called Promethium in April 2023. This distinctive platform accelerates the discovery of pharmaceutical, chemical, and material compounds through its advanced quantum chemistry toolkit that deploys H100 or A100 Tensor Core. Promethium can compute a variety of chemical systems comprising about 100 atoms in a matter of seconds, a task that traditional algorithms usually take minutes or even hours to complete.

How Is the Pharmaceutical Chemicals Market Segmented?
The pharmaceutical chemicals market covered in this report 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

Subsegments:
1) By Solvents: Organic Solvents, Inorganic Solvents, Aqueous Solvents
2) By Reagents or Catalysts: Organic Reagents, Inorganic Reagents, Biocatalysts
3) By KSMs or Intermediates: Key Starting Materials (KSMs), Pharmaceutical Intermediates
4) By Building Blocks for APIs or Advanced Intermediates: Simple Building Blocks, Complex Building Blocks

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Which Companies Are Leading the Charge in Pharmaceutical Chemicals Market Innovation?
Major companies operating 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.

Which Regions Are Leading the Global Pharmaceutical Chemicals Market in Revenue?
North America was the largest region in the pharmaceutical chemicals market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in pharmaceutical chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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This release was published on openPR.