Market Analysis and Insights: Middle East and Africa API Intermediates Market
Middle East and Africa API intermediates market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.3% in the forecast period of 2021 to 2028 and is expected to reach USD 1,188.62 million by 2028. High burden of chronic disorders and increase in aging population are the major drivers which propelled the demand of the market in the forecast period.
Active pharmaceutical ingredients are the substance or combination of substances intended to be used in the manufacturing of a drug product, which when used in the production of the drug, becomes an active pharmaceutical ingredient. Such substances are used to provide pharmacological activity. The final drug dosage form is formulated using the APIs and excipient but the APIs are formulated using the raw material which is known as intermediates. API intermediates are the kind of material that is produced in the process of API. The intermediates are the by-product of the active pharmaceutical ingredients and provide the same therapeutic activity as that of APIs. These intermediates are also used to cure different kinds of chronic diseases such as cancers, respiratory diseases, and infectious diseases among others.
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Leading Companies Operating at both regional and global levels:
Competitive Landscape and API intermediates Market Share Analysis
The major companies which are dealing in the API intermediates are Sanofi, Aurobindo Pharma, BASF SE, Vasudha Pharma, Anyang General Chemical Co.,Ltd., Sandoo Pharmaceuticals and Chemicals Co., Ltd., Atul Ltd., Supriya Lifescience Ltd. among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the API intermediates market.
For instance,
· In November 2020, AlzChem Group AG had announced the expansion of the production of the nitriles which is one of the intermediates of the company. The company has decided to expand the production by 50%. The motive behind the company was to support the demand of the medicines and biocides. The nitrile production plant is based on the gas phase technology which has been optimized and validated by the company’s engineers. This expansion has helped the company to enhance their growth in the field of the intermediates which will help them to boost their production capacities.
· In April 2020, Aceto has announced the acquisition of Syntor Fine Chemicals who is one of the leading manufacturers of fine-chemicals which is used for the pharma industries and life-sciences end markets. This acquisition helped the company to increase their market growth as Syntor Fine Chemicals will provide their in-house developed products to the company therefore, both the companies will work together to meet the increase demand of the customers.
Highlights Points of the Market:
· The latest information on how the market is evolving to formulate their sales and marketing strategies. This Market report has been created to provide its readers with up-to-date information and analysis to uncover emerging opportunities for growth.
· The market report covers the key challenges, competitive landscape, and demographic analysis that can help companies get insight into the country-specific variations.
· The analysts also emphasize on the key trends and the future opportunities that can be explored in the region than can help companies in revenue expansion.
· To gain competitive intelligence about leading companies with information about their market share and growth rates.
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Middle East and Africa API Intermediates Market Scope and Market Size
API intermediates market is segmented on the based on the basis of type, product, therapeutic type, customers, end users, and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of type, API intermediates market is segmented into veterinary drug intermediates pharmaceutical / bulk drug intermediates. In 2021, pharmaceutical / bulk drug intermediates is expected to dominate the API intermediates market due to rising demand of APIs for the production of finished goods and rising prevalence of various diseases which required continues production of drugs.
· On the basis of product, API intermediates market is segmented into bromo compound, O-benzyl salbutamol, hemisulfate, oxirane, bisoprolol base, chiral PCBHP, pheniramine base, chlorpheniramine base, brompheniramine base, mepyramine/pyrilamine base, 6-amino-1,3-dimethyl uracil, theofylline, acefylline, xanthine, nitriles, and others. In 2021, nitriles segment is expected to dominate the API intermediates market due to the high cost of the products and continues research and development for the innovative APIs.
Key Points Covered in This Report:
- Market Overview: The report begins with this section where a product overview and key content on the product and application segments of the global Sports Analytics market are provided.
- Business description – A detailed description of the company's operations and business divisions
- Corporate strategy – Analyst's summarization of the company's business strategy
- Competition by Company: Here we analyze the competition of the Middle East and Africa API Intermediates Market, by company price, revenue, sales and market share, market share, competitive landscape, and latest trends, mergers, expansions, acquisitions, and market share of top companies.
- Research Results and Conclusion: One of the last sections of the report where analyst findings and findings are provided.
- Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company
- Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 5 years history
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