Pharmaceutical Chemicals Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Jan 2018| TMR062A| Transparency

Report Highlights

Report Description

Global Pharmaceutical Chemicals Market: Overview

Pharmaceutical chemicals are the basic chemical products that are used in manufacturing of pharmaceutical drugs. These are considered as the key chemicals in drug formulations.

The solvents, reagents/catalysts, KSMs/intermediates and building blocks for APIs/advanced intermediates are the key pharmaceutical chemicals used in manufacturing of drugs. The building blocks for APIs/advanced intermediates segment is expected to drive the global pharmaceutical chemicals market during the forecast period. This is due to demand for various APIs for different therapeutic applications as it is of most importance in drug manufacturing. An increase in trend is seen in the outsourcing of building blocks for APIs and advanced intermediates manufactured by pharmaceutical companies.

Global Pharmaceutical Chemicals Market: Segmentation

Global pharmaceutical chemicals market can be classified into OTC, generic, super generic and proprietary drugs. The proprietary drug segment is expected to drive the global pharmaceutical chemicals market during the forecast period followed by generic and OTC segment. But generic drug segment is anticipated to be the fastest growing among all the drug types due to patent cliffs all over the world during the forecast period. The proprietary drug segment is having a largest share in 2016 followed by generic drugs. Proprietary drugs not only allow companies to use the existing distribution system and marketing techniques, but also offer consumers the trust of the brand name against the rising fear of counterfeits. Patent expiration of branded drugs is a key influencer of the growth and prime reason for generating high revenue for the generic drugs segment.

Global Pharmaceutical Chemicals Market: Regional Analysis

North America held the largest share of the global pharmaceutical chemicals market in 2016. Growth of the region is primarily ascribed to the increase in the demand from consumer base in the region. Europe also held a large share of the global pharmaceutical chemicals market in 2016 and is expected to further grow during the forecast period. Asia Pacific is expected to be the fastest growing due to increase in drug manufacturing and consumer base. The global market share of North America, Europe and Asia Pacific is expected to increase at a high CAGR during the forecast period, while the global market share of Latin America and Middle East and Africa is expected to increase, but at a slow pace during the forecast period.

Global Pharmaceutical Chemicals Market: Key Research Aspects

This report analyzes and forecasts the market for pharmaceutical chemicals at the global and regional level. The market has been forecast based on volume (Tons) and revenue (US$ Mn) from 2017 to 2025, considering 2016 as the base year. The study includes drivers and restraints of the global pharmaceutical chemicals market. It also covers impact of these drivers and restraints on demand for pharmaceutical chemicals during the forecast period. The report also highlights opportunities in the pharmaceutical chemicals market at the global and regional level.

The report includes detailed value chain analysis, which provides a comprehensive view of the global pharmaceutical chemicals market. Porter’s Five Forces model for the pharmaceutical chemicals market has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein end-users are benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global pharmaceutical chemicals market by segmenting it in terms of type (Solvents, Reagents/catalysts, KSMs/intermediates and building blocks for APIs/advanced intermediates) and drug type such as OTC, generic, super generic and proprietary drugs. These segments have been analyzed based on present and future trends. Regional segmentation includes current and forecast demand for in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

The report provides the actual market size of pharmaceutical chemicals for 2016 and estimated market size for 2017 with forecast for the next eight years. The global market size of pharmaceutical chemicals has been provided in terms of volume and revenue. Market volume has been defined in kilo tons, while market revenue is in US$ Mn. Market numbers have been estimated based on type and drug type of pharmaceutical chemicals. Market size and forecast for numerous end-users have been provided in terms of global, regional, and country level markets.

In order to compile the research report, we conducted in-depth interviews and discussions with a number of key industry participants and opinion leaders. Primary research represented the bulk of research efforts, supplemented by extensive secondary research. We reviewed key players’ product literature, annual reports, press releases, and relevant documents for competitive analysis and market understanding. Secondary research includes a search of recent trade, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. This has proven to be the most reliable, effective, and successful approach for obtaining precise market data, capturing industry participants’ insights, and recognizing business opportunities.

Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, CSA Global, FAO, internal and external proprietary databases, and relevant patent and regulatory databases such as ICIS, Hoover’s, one SOURCE, Factiva and Bloomberg, national government documents, statistical databases, trade journals, market reports, news articles, press releases, and webcasts specific to companies operating in the market.

We conduct primary interviews on an ongoing basis with industry participants and commentators to validate data and analysis. These help validate and strengthen secondary research findings. These also help develop the analysis team’s expertise and market understanding.

Global Pharmaceutical Chemicals Market: Competitive Landscape

The report comprises profiles of major companies operating in the global pharmaceutical chemicals market. Key players operating in the global pharmaceutical chemicals market include, BASF SE, Dishman Group, Johnson Matthey, Lonza Group, Lanxess, Vertellus Holdings LLC, Jubilant Life Sciences Ltd and Porton Fine Chemicals. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments.

The global pharmaceutical chemicals market has been segmented as follows:

Pharmaceutical chemicals Market: Type Analysis

Solvents
Reagents/Catalysts
KSMs/intermediates
Building blocks for APIs/Advanced intermediates
Pharmaceutical chemicals Market: Drug Type Analysis

OTC
Generic
Super generic
Proprietary
Pharmaceutical chemicals Market: Regional Analysis

North America
U.S.
Canada
Europe
U.K.
Italy
Spain
France
Germany
Rest Of Europe
Asia Pacific
China
India
ASEAN
Japan
Rest Of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa (MEA)
GCC
Saudi Arabia
UAE
Rest of GCC
Rest of MEA

  • Table 1 : Global Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 2 : Global Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 3 : Global Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 4 : Global Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 5 : Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, by Region
  • Table 6 : North America Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 7 : North America Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 8 : North America Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 9 : North America Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 10 : North America Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2016–2025
  • Table 11 : U.S. Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 12 : U.S. Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 13 : U.S. Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 14 : U.S. Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 15 : Canada Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 16 : Canada Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 17 : Canada Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 18 : Canada Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 19 : Europe Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 20 : Europe Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 21 : Europe Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 22 : Europe Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 23 : Europe Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2016–2025
  • Table 24 : Germany Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 25 : Germany Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 26 : Germany Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 27 : Germany Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 28 : U.K. Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 29 : U.K. Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 30 : U.K. Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 31 : U.K. Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 32 : Italy Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 33 : Italy Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 34 : Italy Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 35 : Italy Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 36 : France Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 37 : France Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 38 : France Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 39 : France Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 40 : Spain Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 41 : Spain Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 42 : Spain Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 43 : Spain Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 44 : Rest of Europe Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 45 : Rest of Europe Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 46 : Rest of Europe Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 47 : Asia Pacific Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 48 : Asia Pacific Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 49 : Asia Pacific Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 50 : Asia Pacific Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 51 : Asia Pacific Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2016–2025
  • Table 52 : China Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 53 : China Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 54 : China Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 55 : China Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 56 : India Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 57 : India Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 58 : India Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 59 : India Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 60 : Japan Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 61 : Japan Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 62 : Japan Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 63 : Japan Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 64 : ASEAN Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 65 : ASEAN Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 66 : ASEAN Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 67 : ASEAN Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 68 : Rest of Asia Pacific Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 69 : Rest of Asia Pacific Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 70 : Rest of Asia Pacific Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 71 : Rest of Asia Pacific Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 72 : Latin America Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 73 : Latin America Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 74 : Latin America Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 75 : Latin America Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 76 : Latin America Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2016–2025
  • Table 77 : Brazil Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 78 : Brazil Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 79 : Brazil Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 80 : Brazil Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 81 : Mexico Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 82 : Mexico Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 83 : Mexico Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 84 : Mexico Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 85 : Rest of Latin America Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 86 : Rest of Latin America Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 87 : Rest of Latin America Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 88 : Rest of Latin America Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 89 : Middle East & Africa Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 90 : Middle East & Africa Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 91 : Middle East & Africa Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 92 : Middle East & Africa Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 93 : Middle East & Africa Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, by Country, 2016–2025
  • Table 94 : Saudi Arabia Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 95 : Saudi Arabia Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 96 : Saudi Arabia Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 97 : Saudi Arabia Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 98 : U.A.E. Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 99 : U.A.E. Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 100 : U.A.E. Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 101 : U.A.E. Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 102 : Rest of GCC Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 103 : Rest of GCC Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 104 : Rest of GCC Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 105 : Rest of GCC Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Table 106 : Rest of Middle East & Africa Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Type, 2016–2025
  • Table 107 : Rest of Middle East & Africa Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Type, 2016–2025
  • Table 108 : Rest of Middle East & Africa Pharmaceutical Chemicals Market Volume (Tons) Forecast, by Drug Type, 2016–2025
  • Table 109 : Rest of Middle East & Africa Pharmaceutical Chemicals Market Size (US$ Mn) Forecast, by Drug Type, 2016–2025
  • Figure 1 : Global Pharmaceutical Chemicals Market Snapshot
  • Figure 2 : Global Pharmaceutical Chemicals Market Volume (Tons) Projections, 2016–2025
  • Figure 3 : Global Pharmaceutical Chemicals Prices Forecast, 2016–2025
  • Figure 4 : Global Pharmaceutical Chemicals Market Revenue Projections (US$ Mn), 2016–2025
  • Figure 5 : Global Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
  • Figure 6 : Pharmaceutical Chemicals Market, by Solvents (Tons) (US$ Mn), 2016–2025
  • Figure 7 : Pharmaceutical Chemicals Market, by Reagents/Catalysts (Tons) (US$ Mn), 2016–2025
  • Figure 8 : Pharmaceutical Chemicals Market, by Key Starting Materials/Intermediates (Tons) (US$ Mn), 2016–2025
  • Figure 9 : Pharmaceutical Chemicals Market, by Building Blocks for APIs/Advanced Intermediates (Tons) (US$ Mn), 2016–2025
  • Figure 10 : Pharmaceutical Chemicals Market Attractiveness Analysis, by Type
  • Figure 11 : Pharmaceutical Chemicals Market, by OTC (Tons) (US$ Mn), 2016–2025
  • Figure 12 : Pharmaceutical Chemicals Market, by Generics (Tons) (US$ Mn), 2016–2025
  • Figure 13 : Pharmaceutical Chemicals Market, by Super Generics (Tons) (US$ Mn), 2016–2025
  • Figure 14 : Pharmaceutical Chemicals Market, by Proprietary Drugs (Tons) (US$ Mn), 2016–2025
  • Figure 15 : Pharmaceutical Chemicals Market Attractiveness Analysis, by Drug Type
  • Figure 16 : Pharmaceutical Chemicals Market Attractiveness Analysis, by Region
  • Figure 17 : North America Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
  • Figure 18 : North America Pharmaceutical Chemicals Market Attractiveness Analysis, by Country
  • Figure 19 : North America Pharmaceutical Chemicals Market Attractiveness Analysis, by Type
  • Figure 20 : North America Pharmaceutical Chemicals Market Attractiveness Analysis, by Drug Type
  • Figure 21 : Europe Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
  • Figure 22 : Europe Pharmaceutical Chemicals Market Attractiveness Analysis, by Country/Sub-region
  • Figure 23 : Europe Pharmaceutical Chemicals Market Attractiveness Analysis, by Type
  • Figure 24 : Europe Pharmaceutical Chemicals Market Attractiveness Analysis, by Drug Type
  • Figure 25 : Asia Pacific Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
  • Figure 26 : Asia Pacific Pharmaceutical Chemicals Market Attractiveness Analysis, by Country/Sub-region
  • Figure 27 : Asia Pacific Pharmaceutical Chemicals Market Attractiveness Analysis, by Type
  • Figure 28 : Asia Pacific Pharmaceutical Chemicals Market Attractiveness Analysis, by Drug Type
  • Figure 29 : Latin America Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Tons) Forecast, 2016–2025
  • Figure 30 : Latin America Pharmaceutical Chemicals Market Attractiveness Analysis, by Country
  • Figure 31 : Latin America Pharmaceutical Chemicals Market Attractiveness Analysis, by Type
  • Figure 32 : Latin America Pharmaceutical Chemicals Market Attractiveness Analysis, by Drug Type
  • Figure 33 : Middle East & Africa Pharmaceutical Chemicals Market Size (US$ Mn) and Volume (Kilo Tons) Forecast, 2016–2025
  • Figure 34 : Middle East & Africa Pharmaceutical Chemicals Market Attractiveness Analysis, by Country and Sub-region
  • Figure 35 : Middle East & Africa Pharmaceutical Chemicals Market Attractiveness Analysis, by Type
  • Figure 36 : Middle East & Africa Pharmaceutical Chemicals Market Attractiveness Analysis, by Drug Type

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