As per the findings of a report by Grand View Research, Inc., the global Pharmaceutical Fine Chemicals Market is expected to reach USD 154 billion by 2025. Pharmaceutical fine chemicals, also known as fine chemicals, are pure chemical substances produced in limited quantities. Fine chemicals are mixed with basic chemicals in order to produce complex chemical substances that have a wide array of application in different fields like nutraceuticals, agriculture, and pharma.
Companies are facing strong competition due to constant product and technological development; thus, they have undertaken some strategies, such as product development, collaborations and mergers/acquisitions, to increase market penetration. W. R. Grace & Co. has expanded its fine chemicals production and development capacities at its Oregon facility with a new current Good Manufacturing Practice (cGMP)-compliant Kilo Suite. The newly opened lab can produce advanced intermediates with enhanced consistency and control. It includes integrated air-lock system, an Aurora filter dryer, a walk-in hood, and a variety of all-glass reactor systems with varied ranges. As stated by the company, the expansion has offered a better way to meet the requirements of its customers.
Amazon filters recently introduced two unique filter housings for the production of Active Pharmaceutical Ingredients (APIs). A variety of highly corrosive chemicals are used in the process of API production, which puts a lot of stress onto filter housing as well as filter media. The new filters have shown considerable resistance against corrosive damage. Moreover, for processes that involve high temperatures or aggressive, concentrated acids, the range of SupaPore cartridges comes in PTFE, Halar, or a combination of these materials to suit almost all pharma fluids.
Growing geriatric population, along with increasing health consciousness among consumers, is estimated to contribute toward market expansion over the forecast period (2017 to 2025). In addition, escalating demand for preventive healthcare solutions is anticipated to have a positive effect on the growth of the global pharmaceutical chemicals market.
The worldwide pharmaceutical fine chemicals market is led by some key manufacturing companies such as Angelini Acraf S.p.A; Albermarle Corp.; Chemada Fine Chemicals; W. R. Grace & Co.; and Kenko Corp.
Read Full Report Summary:
https://www.grandviewresearch.com/industry-analysis/pharmaceutical-fine-chemicals-market
