Pharmaceutical Chemicals Market Size Worth Around US$ 205.6 Bn by 2032

The global pharmaceutical chemicals market size was valued US$ 108 billion in 2022 and is predicted to be worth around US$ 205.6 billion by the end of 2032, with a  CAGR of 6.7% during the forecast period 2023 to 2032.

Pharmaceutical Chemicals Market Size 2017 to 2030

Key Takeaways

  • North America led the global market with the highest market share in 2022.
  • Asia-Pacific is estimated to expand at the fastest CAGR from 2023 to 2032.
  • By Product, the basic building blocks segment has held the biggest revenue share in 2022.
  • By Application, the cardiovascular segment held the highest market share in 2022.

Pharmaceutical chemicals refer to specific type of chemicals that are designed in order to treat the living cells at definite rick when they enter into environment. Pharmaceutical chemicals are basic chemical components used in the production of pharmaceutical drugs. These chemicals have huge demand across the globe as they deliberated as crucial products in the formation of various drugs. Manufacturing processes of these chemicals are designed to maximize their operating flexibility owing to diversity of modern medicinal chemistry. Changing lifestyle and obesity are responsible for the number of diseases including musculoskeletal diseases, infectious diseases, neurology, respiratory diseases, oncology, gastrointestinal diseases, and diabetes among others. Increasing prevalence of these diseases are creating huge demand for the pharmaceutical chemicals. Most of the pharmaceutical chemicals are used in the food production and various end use applications in the pharma sector.

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Pharmaceutical Chemicals Market Scope

Report Highlights Details
Market Size in 2023 USD 114.7 Billion
Market Size by 2032 USD 205.6 Billion
Growth Rate from 2023 to 2032 CAGR of 6.7%
Largest Market North America
Fastest Growing Market Asia Pacific
Base Year 2022
Forecast Period 2023 to 2032
Segments Covered Product Type, Application Type, Region Outlook

Growth Factors:

The global pharmaceutical chemical market is driving due to increasing demand for advanced drugs across the globe. Additionally, constant need of the healthcare facilities, along with increasing old age population worldwide are among major factors to flourish growth of the target industry in the near future. For instance, in Europe the geriatric population aged over 65 found more than 20% in 2019. Growing demand for active pharmaceutical chemicals by the pharmaceutical key players across the globe is expected to augment target industry growth. Furthermore, development of the neurological drugs such as glutamate modulators are supporting to the global industry growth. Changing lifestyle and obesity are leading to increasing various types of chronic diseases which is accelerating the demand for pharmaceutical chemicals.

Moreover, government of developed countries is providing healthcare insurances is having encouraging impact on the growth of global pharmaceutical chemical market. Moreover, increasing government support for innovation especially in the developing countries is another factor to boost growth of the target industry in the near future. Pharmaceutical chemicals are offers various advantages such as less energy consumption as well as cost-effective production which have positive impact on the growth of this industry. Nevertheless, emerging applications of pharmaceutical chemicals is anticipated to create potential opportunities for the growth of the target market.

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Regional Analysis:

The report covers data for North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America dominated the global market with a market share of more than 35% in 2020. The U.S. registered the highest share in the North American region primarily due to availability of advanced healthcare infrastructure, presence of leading players in the pharmaceutical chemical industry, along with the favorable government policies for the pharmaceutical chemicals production in the region.Further increasing geriatric population and research and development activities by the key companies in the country are other important factors to contribute the high market share of the United States over the forecast period. Further

Europe expected to account for the significant market share in terms of revenue in pharmaceutical chemicals market in the near future. The growth of the pharmaceutical chemicals industry in the countries of the Europe is attributed to growing adoption of the pharmaceutical chemicals in the various end useindustries such as food, cosmetic industries etc. Further, supporting policies for the use of pharmaceutical chemicals by the European government in the region is also projected to increase the demand for pharmaceutical chemicals in the near future. Asia Pacific estimated to grow at the maximum CAGR in the forecast period due increasing demand for chemical pharmaceuticals in the production of active pharmaceutical ingredients such as analgesic drugs, penicillin, vitamins in the countries of the region especially in India, China and Japan of the region.

Report Highlights:

  • Among the product segment, basic building blocks segment is dominated the overall market. The advanced intermediates product segment is expected to grow at a significant CAGR during the forecast time-frame. Advanced intermediates encompass the fine and basis chemical.
  • Among the application type, cardiovascular segment accounted for the largest revenue with significant share of around 30% in 2020. This is growth is due to increasing prevalence of cardiovascular diseases across the globe. Oncology segment is expected to grow at a significant CAGR during the forecast time-frame.
  • BASF segment accounted for a significant share of the global pharmaceutical chemicals market.

Key Market Players and Strategies:

The major companies functioning in the worldwide pharmaceutical chemicals are BASF, Porton Fine Chemicals, Lonza, Johnson Matthey, Dishman, Lanxess, Vertellus Holdings, Jubilant Life Sciences, Hikal, Abbott among others. Noteworthy investment in the research and development of the pharmaceutical chemicals coupled with acquisition, mergers, and strategic collaborations are the key business strategies undertaken by the companies operating in the global pharmaceutical chemicals market.

Pharmaceutical Chemicals Market Players

  • BASF
  • Lonza
  • Porton Fine Chemicals
  • Dishman
  • Lanxess
  • Johnson Matthey
  • Vertellus Holdings
  • Jubilant Life Sciences
  • Hikal
  • Abbott

Major Market Segments Covered:

By Product

  • Basic building blocks
  • Advanced intermediates
  • Active ingredients

By Application

  • Cardiovascular
  • Neurology
  • Oncology
  • Infectious diseases
  • Metabolic system
  • Diabetes
  • Respiratory diseases
  • Gastrointestinal diseases
  • Musculoskeletal diseases
  • Other

By Geography

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Rest of Latin America
    • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

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