Pharmaceutical Chemicals Market (By Product: Basic Building Blocks, Advanced intermediates, and Active ingredients; By Application: Cardiovascular, Neurology, Oncology, Infectious diseases, Metabolic system, Diabetes, Respiratory diseases, Gastrointestinal diseases, Musculoskeletal diseases, and Other) - Global Market Size, Share, Trends Analysis, Segment Forecasts, Regional Outlook 2023 - 2032


The global pharmaceutical chemicals market size accounted for USD 108 billion in 2022 and is predicted to reach USD 205.6 billion by the end of 2032, representing an impressive CAGR of 6.7% during the forecast period 2023 to 2032. Increasing demand for advanced drugs and rise in demand for the active pharmaceutical chemicals are major growth driver of pharmaceutical chemicals market.

Pharmaceutical Chemicals Market Size 2017 to 2030

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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 Market in the U.S. 2023-2032

The U.S. pharmaceutical chemicals market size was valued at USD 24.43 billion in 2022 and is estimated to reach around USD 46.07 billion by 2032, growing at a CAGR of 6.60% from 2023 to 2032.

U.S. Pharmaceutical Chemicals Market Size 2023 To 2032

The research report covers key trends and prospects of pharmaceutical chemicals products across different geographical regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. Geographically, pharmaceutical chemicals market is conquered by North America owing to favorable government mandates for the production of the pharmaceutical chemicals, coupled with increasing research and development activities for production of pharmaceutical chemicals in the countries of this region, especially in the United States. Asia-Pacific is expected to register the fast growth rate, on account of increasing API production and growing investment in research and development sector by key market players in the region. Also, increasing prevalence of chronic diseases is anticipated to drive growth of the target industry in the countries of Asia Pacific region. Further, increasing population in the Asian countries is responsible for the high demand for pharmaceutical chemicals in the region. Latin America and the African and Middle Eastern region will display noticeable growth over the forecast period.

Key market Insights:

Emerging applications of the pharmaceutical chemicals are projected to generate lucrative growth opportunities for the major players operating in the global pharmaceutical chemicals market. Developments of new pharmaceutical drugs, coupled with evolving markets are majors trends observed in the global pharmaceutical chemical market. This trend is expected to continue and will boost growth of the target market in the near future. Increasing healthcare expenditure in emerging markets is influencing the worldwide business strategies of pharmaceutical chemical market owing to high profitability. The attention of these emerging markets is favoring towards health concerns affecting individuals owing to which they are focusing on increasing investment and launching advanced products across the globe. The manufacturing costs of pharmaceutical drugs can be reduced by innovations, hence the key players operating in the target industries are constantly increasing healthcare expenditure. Further, major companies in global industry are collaborating in order to competitive edge in the global market.

Crucial factors accountable for market growth are:

  • Increasing demand for advanced drugs
  • Growing geriatric population
  • Rise in demand for the active pharmaceutical chemicals
  • Development of the neurological drugs
  • Easy availability of healthcare insurances
  • Government support for research and development activities
  • Advantages offered by pharmaceutical chemicals

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

Significant Market Trends:

Basic building blocks Segment Reported Foremost Market Stake in 2022

Basic building blocks segment recorded the prime market share in the global pharmaceutical chemicals market by product in 2020. The Advanced intermediates product segment is predictable to rise at a noteworthy CAGR during the forecast time-frame.

Cardiovascular segment is projected to dominate the Application Segment of Pharmaceutical Chemicals Market Revenue

On the basis of application segment the global market is segregated into gastrointestinal diseases, infectious diseases, musculoskeletal diseases, oncology, respiratory diseases, diabetes, neurology, metabolic system, cardiovascular, other. The cardiovascular application segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to the increasing use of pharmaceutical chemicals for the treatment of blood vessels and heart diseases across the globe. Increasing prevalence of heart diseases is primarily responsible for the greater market share of cardiovascular in the application segment of the pharmaceutical chemicals market. Oncology segment will expand at a significant CAGR during the forecast time-frame.

Pharmaceutical Chemicals Market Players

The companies focusing on research and development are expected to lead the global pharmaceutical chemicals market. Leading competitors contending in global pharmaceutical chemicals market are as follows:

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

In order to better recognize the current status of pharmaceutical chemicals, and policies adopted by the foremost countries, Precedence Research predicted the future evolution of the pharmaceutical chemicals market. This research study bids qualitative and quantitative insights on pharmaceutical chemicals market and assessment of market size and growth trend for potential global market segments.

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

Frequently Asked Questions

What is the current size of the global pharmaceutical chemicals market?
According to Precedence Research, the global pharmaceutical chemicals market size was valued at US$ 108 billion in 2022 and is expected to reach US$ 205 billion by the end of 2032.
How much is the CAGR of global pharmaceutical chemicals market?
The global pharmaceutical chemicals market is growing at a impressive CAGR of 6.7% during the forecast period 2023 to 2032.
What are the growth factors of global pharmaceutical chemical market?
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.
What is pharmaceutical chemical?
Pharmaceutical chemical 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.
Which region was dominated the global pharmaceutical chemicals market in 2022?
North America dominated the global market with a market share of more than 35% in 2022.
Which major companies are functioning in the pharmaceutical chemicals market?
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.
Which segment recorded the prime share in the pharmaceutical chemicals market?
Basic building blocks segment recorded the prime market share in the global pharmaceutical chemicals market by product in 2020.
Why cardiovascular application segment is expected to dominate the pharmaceutical chemicals market?
The cardiovascular application segment is expected to dominate in terms of revenue over the forecast time frame. The growth is attributed to the increasing use of pharmaceutical chemicals for the treatment of blood vessels and heart diseases across the globe.
Why Asia-Pacific region is expected to register the fast growth rate in the pharmaceutical chemicals market?
Asia-Pacific is expected to register the fast growth rate, on account of increasing API production and growing investment in research and development sector by key market players in the region.

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