Global Fine Chemicals market is expected to reach $332,225.10 million by 2027

4 August 2020

According to Stratistics MRC, the Global Fine Chemicals Market is accounted for $165,513.89 million in 2019 and is expected to reach $332,225.10 million by 2027 growing at a CAGR of 9.1% during the forecast period.

Some of the key players in Fine Chemicals Market include Fujifilm Diosynth, Lonza, BASF, Novasep, Jayhawk Fine Chemicals, Flamma Group, Zhejiang Medicine, Catalent, Boehringer-Ingelheim, Saltigo, DSM, Sumitomo Seika Chemicals, Patheon, and Albemarle.

Some of the key factors propelling market growth are increasing applications in the pharmaceutical sector and growing demand from developing countries. However, overcapacity problem is the restraining factor for the growth of the market.

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Fine chemicals are unpolluted, single chemical substances that are commercially manufactured by chemical reactions into highly specified for their intended application. These are characterized by their low volume use as compared to commodity chemicals. These chemicals are manufactured in limited quantities according to exact specifications for their intended application. Fine chemicals serve as building blocks in a variety of applications across diverse industries.

By end-user, the pharmaceuticals segment is expected to grow at a significant market share during the forecast period which can be attributed to its increasing application of fine chemicals in this sector.

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Based on geography, Asia Pacific is anticipated to hold considerable market share during the forecast period due to the increasing demand from various end-users in the developing nations of the region.

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Types Covered:

  • Active Pharmaceutical Ingredients
  • High Purity Chemicals
  • Agrochemicals
  • Speciality Chemicals
  • Vitamins
  • Insecticides

End Users Covered:

  • Food and Beverages
  • Pharmaceuticals
  • Agriculture
  • Industrial Additives
  • Nutraceuticals
  • Plastics Additives
  • Speciality Pigments & Dyes
  • Polymer Additives
  • Antioxidants
  • Photographic Chemicals
  • Electronics
  • Lubricants
  • Flavours & Fragrances
  • Foundry
  • Rubber Processing Chemicals
  • Microelectronic Grade

Regions Covered:

North America

  • US
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • UK
  • Spain
  • Rest of Europe

Asia Pacific

  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific

South America

  • Argentina
  • Brazil
  • Chile
  • Rest of South America

Middle East & Africa

  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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Source: prnewswire.com