The Global Pharmaceutical Intermediates Market Is Driven By Growing Pharmaceutical Industry
The global pharmaceutical intermediates market consists of a wide range of organic compounds that are used to produce active pharmaceutical ingredients (APIs). Some common examples of pharmaceutical intermediates include amino acids, peptides, carbohydrates, and heterocyclic compounds. Pharmaceutical intermediates provide advantages like versatility, high conversion yield, and efficiency in API manufacturing. The growing pharmaceutical industry worldwide has increased the demand for new drug development which drives the need for diverse pharmaceutical intermediates.
The Global Pharmaceutical Intermediates Market is estimated to be valued at US$ 43.67 Bn in 2024 and is expected to exhibit a CAGR of 8.1% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global pharmaceutical intermediates are Evonik, Borregaard AS, Sudarshan Pharma, A.R. Life Science, Actylis, Saurav Chemicals Ltd., Lianhetech, Midas Pharma GmbH, Sanofi , BASF SE, Chiracon GmbH, Lonza, Chemcon Speciality Chemicals Limited., Modepro India Pvt. Ltd., Lifechem Pharma, Sarex, LANXESS. Key players are focusing on expansion plans and new product launches to strengthen their market position.
The growing demand for pharmaceuticals globally is fueling the Global Pharmaceutical Intermediates Market Size . Factors such as the rising incidence of chronic and infectious diseases, growing geriatric population, and increasing healthcare expenditures are contributing to the demand for pharmaceutical products. This rising demand for end-products is directly boosting the market for pharmaceutical intermediates.
The global pharmaceutical intermediates market is expanding rapidly driven by growing demand from emerging economies. Countries like India, China, Brazil, and others are witnessing increased investment in pharmaceutical manufacturing. Growth in the local production of APIs and bulk drugs in these developing nations is creating lucrative opportunities for pharmaceutical intermediates suppliers globally.
Market drivers
One of the key drivers of the pharmaceutical intermediates market is the patent cliff faced by many blockbuster drugs. As the patents of many major drugs expired in the last decade, generic versions of these drugs were launched. This increased the demand for API production which relies on efficient intermediate routes. Also, the pressure to reduce production costs encourages the development of cost-effective intermediate syntheses propelling market growth.
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