Pharmaceutical fine chemicals or fine chemicals are pure chemical materials, in contrast togeneric commodity chemicals, and are developed in limited amounts. These chemicals can be generally defined as a set of products, intermediates and finished active pharmaceutical ingredients (API), and associated services. These chemicals are mixed with basic chemical substances to make complex chemicals, which find application in a wide range of sectors such as pharmaceuticals, nutraceuticals, and agriculture.
Popular Market Trends
Fine chemicals manufacturers are focusing on collaborating with or acquiring other companies and increasing their capacities to expand their global presence.In the recent past, W. R. Grace & Co. expanded its fine chemicals development and production capabilities with a new Good Manufacturing Practice (cGMP)-compliant Kilo Suite at their Oregon facility. The new lab can produce high-quality advanced intermediates with better consistency and control.
Its high-tech and cGMP-compliant research and development scale-up facility is equipped to manufacture multi-kilogram amounts. The new lab also includes an Aurora filter dryer, a variety of all-glass reactor systems with varied ranges (15-100 liters), integrated air-lock system, and a walk-in hood.According to the company, this expansion will help fulfill needs of their customers in a better manner.
Market Insights
Based on the findings of a new research report by Grand View Research, Inc., the global pharmaceutical fine chemicals market is anticipated to reach around USD 154 billion by 2025. Growing demand for preventive healthcare is projected to be a key factor driving the growth of this market. In addition, rising geriatric population base along with increased health consciousness among consumers is estimated to contribute toward market expansion over the forecast period (2017 to 2025).
The global market is dominated by major manufacturers, some of which are Albermarle Corp.; Angelini Acraf S.p.A; Chemada Fine Chemicals; Kenko Corp.; and W. R. Grace & Co. Novel product development, joint ventures, and collaborations are some of the key strategies adopted by these companies to increase market penetration and cater to shifting technological needs for different applications.
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2 comments:
Thank you for the write-up, an informative one with good news for fine chemical manufacturers like us. We are Pure chemical Co. a long time fine chemical manufacturer serving big names in pharma & research.
nice post
fine chemical manufacturers
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