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Global Pharmaceutical Chemicals Market Projected to Grow at 6.1% CAGR through 2025

Press release Description

Albany, New York, March 14, 2018: A new comprehensive study titled “Pharmaceutical Chemicals Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025” has recently been submitted to the repository of Market Research Reports Search Engine (MRRSE). According to the report, the global pharmaceutical chemicals market is likely to grow at 6.1% during the assessment period.

According to the report, the demand for pharmaceutical chemicals is likely to grow on account of a range of macroeconomic and microeconomic factors. Growing geriatric population and increasing emphasis on healthcare are the key factors that are promoting the growth of the global pharmaceutical market. It is expected that steady demand from the elderly population will continue to create growth opportunities in the market.

In addition to demand from the geriatric population, the market is also expected to grow on account of increasing emphasis on research and development. The focus on developing novel drugs is likely to provide an impetus to market growth during the assessment period.

Although the outlook on the global pharmaceutical chemicals market is positive, the market is projected to witness challenges on account of increasing in manufacturing costs of developing drugs. The stringent regulatory approvals are also creating challenges for pharmaceutical chemical manufacturers.

The report segments the global pharmaceutical chemicals market into drug type, type and region to cover all market aspects. The drug type segment is further sub-segmented into generics, over the counter, proprietary drugs and super generics. The type segment is also categorized into solvents, key starting materials / intermediates, building blocks for API/advanced intermediates and reagents & catalysts. On the basis of region, the global market is divided into North America, Latin America, Europe, Asia Pacific and Middle East & Africa.

North America continues to be one of the most lucrative markets for pharmaceutical chemicals globally. The demand for these chemicals is led by the US, whereas Canada accounts for a miniscule share. Demand is also likely to remain significant in Europe, whereas Asia Pacific excluding Japan (APEJ) is likely to emerge as a lucrative market for pharmaceutical chemical companies during the assessment period.

The report also profiles some of the leading players in the global pharmaceutical chemicals market. Some of the key companies profiled in the report are BASF SE, Johnson-Matthey, Lanxess AG, Vertellus Holdings LLC, Hikal, Easter Chemical Corporation, Dishman Group, Lonza Group, Jubilant Life Sciences, Porton and Celanese AG.

Browse Full Global Pharmaceutical Chemicals Market Report with TOC :

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