Fine Chemicals

Growth in the active pharmaceutical ingredient (API) sector is attractive, but overcapacity and pricing pressure remain challenges for producers as this week’s cover story shows (p. 23). The size of the global API industry is about $60 billion, including captive and merchant demand, and the merchant market accounts for 60% of the total, says Enrico Polastro, v.p. and senior industry specialist at Arthur D. Little (Brussels). “The industry is expected to grow 3%–4%/year in value terms and 5%–6%/year in volume terms in the near term, but the...

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