DataString Consulting Company Logo
DataString Consulting Company Logo
Lanthanum Carbonate Market
Home»Recent Reports»Lanthanum Carbonate Market

Lanthanum Carbonate Market

Author: Vineet Pandey - Business Consultant, Report ID - DS1310050, Published - May 2025

Segmented in Product Form (Powder, Granules, Compacts, Suspensions), End-Use Industry (Healthcare, Electronics, Glass & Ceramics, Catalysts & Chemical, Nuclear, Battery, Others), Production Method, Purity Level and Regions - Global Industry Analysis, Size, Share, Trends, and Forecast 2024 – 2034

Share this report:

Global Lanthanum Carbonate Market Outlook

The market, for Lanthanum carbonate was estimated at $362.8 million in 2024; and it is anticipated to increase to $541.4 million by 2030 with projections indicating a growth to around $755.8 million by 2035. This expansion represents a compound annual growth rate (CAGR) of 6.9% over the forecast period. The rising popularity of Lanthanum Carbonate in the market can be attributed to its growing use in both industrial fields as well as its effectiveness in treating hyperphosphatemia in individuals with chronic kidney issues due to the increasing prevalence of kidney diseases and the aging global population. With its role in catalysis and specialty glass production aside from its medical benefits it is evident that Lanthanum Carbonate holds great importance across various industries reinforcing its demand, in the market.


In the world of science and beyond Lanthanum Carbonate plays a crucial role as a phosphate binder to aid individuals with kidney issues in regulating their phosphate levels for improved kidney function and well being overall. The versatile applications of this substance extend to the realms of car creation and fuel cell technology where its importance is on the rise due to the growing demand for high quality batteries, in these cutting edge fields. This trend highlights the evolving nature of its usage and significance in various sectors.


Market Size Forecast & Key Insights

2019
$362M2024
2029
$707M2034

Absolute Growth Opportunity = $344M

The Lanthanum Carbonate market is projected to grow from $362.8 million in 2024 to $707 million in 2034. This represents a CAGR of 6.9%, reflecting rising demand across Renal Disease Treatment, Catalyst Production and Research Purposes.

The Lanthanum Carbonate market is set to add $344 million between 2024 and 2034, with manufacturer targeting Electronics & Glass & Ceramics End-Use Industry projected to gain a larger market share.

With Increasing demand for advanced healthcare treatments, and Technological advancements in chemical research, Lanthanum Carbonate market to expand 95% between 2024 and 2034.

Opportunities in the Lanthanum Carbonate Market

Technological Innovations

Advances in technology, for making Lanthanum Carbonate could lead to production methods and attract more businesses to use it. Innovations may focus on improving methods to lower production expenses and enhance the substances solubilization.

Untapped Market Segments and Strategic Collaborations

The pharmaceutical sector is experiencing a rise in the need for Lanthanum Carbonate due to its application in managing hyperphosphatemia among individuals with kidney complications and targeting new market sectors like secondary hyperparathyroidism could greatly boost the demand, for this medication.

Establish alliances with research organizations to ignite fresh uses of Lanthanum Carbonate, such as, in water treatment and environmental sectors unveiling new possibilities while also enabling thorough investigations into the enduring safety of its medical applications.

Growth Opportunities in North America and Asia-Pacific

Asia Pacific Outlook

In contrast to that situation in the Asia Pacific region is the growing Lanthanum Carbonate market scenario right now. Its seeing a rise due to more people becoming aware of kidney health issues and an increasing population susceptible to chronic kidney problems. The demand for Lanthanum Carbonate is benefiting from this trend. Meanwhile a boost in healthcare spending and better medical facilities are further fueling the growth of the market. Additionally the presence of countries, like India and China some of which are still burgeoning economically is another factor propelling forward momentum. These nations are placing an emphasis on cutting edge yet cost effective healthcare solutions.

North America Outlook

In North America's Lanthanum Carbonate market is seeing growth due to the increasing incidence of kidney related illnesses and the resulting need for phosphate binding agents. This rise in demand for Lanthanum Carbonate is driving up interest and usage in this sector. Additionally the growth of the market is being fueled by improved healthcare facilities and higher investments, in research and development. Intense competition among leading companies has sparked a race for top notch quality and efficient alternatives in the industry landscape – paving the way for Lanthanum Carbonate to gain traction as a viable option of choice. The stringent regulatory measures in place within this sector foster market expansion, by guaranteein safe and effective treatment options. Nevertheless concerns surrounding side effects and pricing considerations linked to Lanthanum Carbonate could potentially hinder its full market potential to some extent.

North America Outlook

In North America's Lanthanum Carbonate market is seeing growth due to the increasing incidence of kidney related illnesses and the resulting need for phosphate binding agents. This rise in demand for Lanthanum Carbonate is driving up interest and usage in this sector. Additionally the growth of the market is being fueled by improved healthcare facilities and higher investments, in research and development. Intense competition among leading companies has sparked a race for top notch quality and efficient alternatives in the industry landscape – paving the way for Lanthanum Carbonate to gain traction as a viable option of choice. The stringent regulatory measures in place within this sector foster market expansion, by guaranteein safe and effective treatment options. Nevertheless concerns surrounding side effects and pricing considerations linked to Lanthanum Carbonate could potentially hinder its full market potential to some extent.

Asia-Pacific Outlook

In contrast to that situation in the Asia Pacific region is the growing Lanthanum Carbonate market scenario right now. Its seeing a rise due to more people becoming aware of kidney health issues and an increasing population susceptible to chronic kidney problems. The demand for Lanthanum Carbonate is benefiting from this trend. Meanwhile a boost in healthcare spending and better medical facilities are further fueling the growth of the market. Additionally the presence of countries, like India and China some of which are still burgeoning economically is another factor propelling forward momentum. These nations are placing an emphasis on cutting edge yet cost effective healthcare solutions.

Growth Opportunities in North America and Asia-Pacific

Established and Emerging Market's Growth Trend 2025–2034

1

Major Markets : U.S., China, Germany, Japan, India are expected to grow at 4.5% to 6.6% CAGR

2

Emerging Markets : Vietnam, Nigeria, Chile are expected to grow at 7.9% to 9.5% CAGR

Market Analysis Chart

When we look at the factors affecting the Lanthanum Carbonate market closely we can see reasons and limitations that significantly impact how this industry progresses. One major reason is the need for Lanthanum Carbonate in healthcare especially for treating chronic kidney illnesses. This substance works as a phosphate binder showcasing its effectiveness, in medical treatments.

Recent Developments and Technological Advancement

December 2024

PharmaCare Inc. partnered with RX Research Laboratories to enhance the manufacturing of Lanthanum Carbonate for individuals undergoing dialysis treatment.

November 2024

GlobalChem Corp introduced a patented technology, for producing Lanthanum Carbonate more efficiently while minimizing its environmental footprint.

October 2024

Sigma Pharmaceuticals has started a phase III trial, for a new version of Lanthanum Carbonate to help decrease digestive system issues.

In the market trends weve seen a notable rise in the Lanthanum Carbonate sector’s growth potential lately. The increased demand for this earth compound is mainly driven by its wide applications in medical and industrial sectors and the continuous advancements, in technology enhancing its versatility and utility.

Impact of Industry Transitions on the Lanthanum Carbonate Market

As a core segment of the Specialty Materials industry, the Lanthanum Carbonate market develops in line with broader industry shifts. Over recent years, transitions such as Increased Use in Water Treatment and Dominance in Healthcare have redefined priorities across the Specialty Materials sector, influencing how the Lanthanum Carbonate market evolves in terms of demand, applications and competitive dynamics. These transitions highlight the structural changes shaping long-term growth opportunities.

1

Increased Use in Water Treatment:

In years​ there has been a noticeable change in how Lanthanum Carbonate is being used​ especially within the water treatment sector​ Previously​ this substance was mostly utilized in pharmaceutical applications​ but due to the growing problem of water pollution​​ there is now a growing interest in its ability to eliminate phosphates from water systems​​ This shift has caused a demand, for Lanthanum Carbonate​​ which has affected supply chains and production strategies for companies. The increasing trend reflects not only chances, for profit but also presents fresh hurdles that call for the development of eco friendly manufacturing methods and enhanced quality assurance systems.

2

Dominance in Healthcare:

Over the years Lanthanum Carbonate has become increasingly important in the field of healthcare in its use for managing hyperphosphatemia in individuals, with chronic kidney disease. This gradual change has prompted studies aimed at enhancing its composition and effectiveness. Moreover healthcare professionals now assess the effectiveness and potential side effects of Lanthanum Carbonate treatments when considering therapeutic approaches.

Global Events Shaping Future Growth

The chart below highlights how external events including emerging market developments, regulatory changes, and technological disruptions, have added another layer of complexity to the Specialty Materials industry. These events have disrupted supply networks, changed consumption behavior, and reshaped growth patterns. Together with structural industry transitions, they demonstrate how changes within the Specialty Materials industry cascade into the Lanthanum Carbonate market, setting the stage for its future growth trajectory.

Market Dynamics and Supply Chain

Driver: Increasing demand for advanced healthcare treatments, and Environmental Applications

Lanthanum Carbonate plays a role in the medical field and is also experiencing growing demand because of its contributions to the development of cutting edge healthcare solutions. It is also mainly utilized to treat hyperphosphatemia in individuals with kidney issues by lowering phosphate levels in the body to enhance treatment effectiveness. The increasing prevalence of kidney diseases worldwide is also expected to drive the market expansion, for Lanthanum Carbonate and shape industry trends moving forward.
The Lanthanum Carbonate market is also gaining attention for its growing potential in uses as it aids in reducing phosphorus release in water bodies—a key concern, in controlling water pollution.
The realm of chemical research has also witnessed a plethora of progressions with the increasing adoption of Lanthanum Carbonate in diverse laboratory procedures gaining traction. Its distinct chemical attributes enable its application in the production of glassware, ceramics and carbonates amplifying its utility across fields. The ongoing innovations in chemical technologies are also paving the way, for exploration and utilization of Lanthanum Carbonate thus fostering its market expansion endeavors.

Restraint: High Production Costs and Associated Risks

The production of Lanthanum Carbonate is expensive because it requires manufacturing technologies and strict safety measures that come with high costs and risks like exposure, to hazards and managing waste efficiently. Factors that may discourage new players from joining the market and limit its growth potential.

Challenge: Regulatory Constraints and Compliance Requirements

Stringent regulations and compliance standards in nations could limit the growth opportunities for Lanthanum Carbonate in the market sector. These rules are put in place by authorities to guarantee safety and reduce harm associated with the manufacturing and disposal of Lanthanum Carbonate. Adherance, to these regulations typically requires time and financial investments which can deter smaller businesses from entering the market thus adversely affecting market dynamics.

Supply Chain Landscape

Raw Material Extraction

Inner Mongolia Baotou Steel Rare-Earth

Avalon Advanced Materials

Refining & Processing

Lynas Corporation

Neo Performance Materials

Compound Manufacturing
Albemarle Corporation / Treibacher Industrie AG
Distribution
Sigma Aldrich / Thermo Fisher Scientific
Raw Material Extraction

Inner Mongolia Baotou Steel Rare-Earth

Avalon Advanced Materials

Refining & Processing

Lynas Corporation

Neo Performance Materials

Compound Manufacturing

Albemarle Corporation

Treibacher Industrie AG

Distribution

Sigma Aldrich

Thermo Fisher Scientific

Banner LogoBanner Logo

Leading Providers and Their Strategies

Application AreaIndustryLeading Providers / ConsumersProvider Strategies
Pharmaceuticals
Healthcare
Sanofi S.A.
Sanofi S.A emphasizes continuous product improvement, focusing on the pharmaceutical applications of Lanthanum Carbonate in binding phosphates in the gastrointestinal tract to control phosphate levels in the blood, widely used in chronic kidney disease treatments.
Electrolyte Production
Battery Manufacturing
Showa Denko K.K.
Showa Denko K.K. leverages advanced technological expertise in manufacturing electrolytes for Ni-MH batteries, employing Lanthanum Carbonate as a key ingredient for enhancing battery performance.
Optical Applications
Electronics
Nikon Corporation
Nikon Corporation incorporates Lanthanum Carbonate in the production of high-quality, high-refraction glass used in camera lenses, prioritizing R&D efforts to sustain technological advantage in the competitive electronics industry.
Catalysis
Chemical Industry
Johnson Matthey
Johnson Matthey uses Lanthanum Carbonate in catalytic converters to reduce pollution in vehicle exhaust, aligning their product development strategies towards sustainability and emissions reduction.

Elevate your strategic vision with in-depth analysis of key applications, leading market players, and their strategies. The report analyzes industry leaders' views and statements on the Lanthanum Carbonate market's present and future growth.

Our research is created following strict editorial standards. See our Editorial Policy

Applications of Lanthanum Carbonate in Renal Disease Treatment and Catalyst Production and Research Purposes

Renal Disease Treatment and Catalyst Production

Laundry Carbon is mostly used as a binder to help treat high phosphorus levels in people with kidney problems like renal diseases and kidney failure. A popular version of Laundry Carbon called Laundry Carbon hydrate effectively reduces phosphorus levels in patients with kidney disease . Major companies such as Fresenius Medical Care and Shire are leading players in this sector with products, like Fosrenol that are widely used globally for their effectiveness and safety record.

High grade Lanthanum Carbonate plays a role in the production of automotive catalysts and the refining of crude oil for various petroleum products manufacture. Umicore and Johnson Matthey are, among the leading companies utilizing Lanthanum Carbonate to improve process efficiency and product quality by harnesses its properties effectively.

Research Purposes

This compound is commonly utilized in research region's like metallurgy and chemistry for its significance in laboratory investigations on a scale owing to its strong thermal resistance and easy accessibility This compound is commonly utilized in research region's like metallurgy and chemistry for its significance in laboratory investigations on a small scale owing to its strong thermal resistance and easy accessibility Key suppliers such as Sigma Aldrich and Alfa Aesar offer high quality Lanthanum Carbonate for laboratory use playing a significant role in advancing academic research and experimental inquiries Key suppliers such as Sigma Aldrich and Alfa Aesar offer high quality Lanthanum Carbonate for laboratory use playing a significant role, in advancing academic research and experimental inquiries.

Lanthanum Carbonate vs. Substitutes:
Performance and Positioning Analysis

Lanthanum Carbonate is superior to its alternatives due to its potent phosphate binding capacity and lower pill burden. Occupying a unique market position, it boasts promising growth potential in the renal pharmaceutical sector. These Alternatives specially Aluminum Hydroxide has experienced a rapid growth as detailed in our latest report.

Lanthanum Carbonate
  • sevelamer hydrochloride tablet /
  • Calcium Acetate /
  • Aluminum Hydroxide
    Effective in reducing phosphate levels, Utilized in numerous industrial applications
    Can cause adverse health effects, Limited supply and extraction difficulties
    High availability, cost-effective
    Potential for adverse side effects, possible environmental issues

Lanthanum Carbonate vs. Substitutes:
Performance and Positioning Analysis

Lanthanum Carbonate

  • Effective in reducing phosphate levels, Utilized in numerous industrial applications
  • Can cause adverse health effects, Limited supply and extraction difficulties

sevelamer hydrochloride tablet / Calcium Acetate / Aluminum Hydroxide

  • High availability, cost-effective
  • Potential for adverse side effects, possible environmental issues

Lanthanum Carbonate is superior to its alternatives due to its potent phosphate binding capacity and lower pill burden. Occupying a unique market position, it boasts promising growth potential in the renal pharmaceutical sector. These Alternatives specially Aluminum Hydroxide has experienced a rapid growth as detailed in our latest report.

Loading...

Research Methodology

This market research methodology defines the Lanthanum Carbonate market scope, gathers reliable data, and validates findings using integrated primary and secondary research. Our systematic framework ensures precise market sizing, growth trend analysis, and competitive benchmarking.


Secondary Research Approach


We begin secondary research by defining the targeted market at macro and micro levels. As part of the Specialty Materials ecosystem, we analyze Lanthanum Carbonate across Powder, Granules, and Compacts Applications. Our team gathers data systematically from country level ministerial sources, industry associations & federations, trade databases, company annual & quarterly reports and other credential sources, enabling us to map global and regional market size, pricing trends, regulatory standards, and technology advancements.



Key Sources Referenced:


We benchmark competitors such as Shire, Bayer AG, and Sanofi S.A. by reviewing company financial statements, and regulatory filings. Our secondary insights identify key market drivers and constraints, forming the analytical foundation for primary research.


Primary Research Methods


We conduct structured interviews and surveys with industry stakeholders, including Raw Material Extraction, Refining & Processing, and Compound Manufacturing. Our geographic coverage spans Americas (40%), Europe (30%), Asia-Pacific (25%) and Middle East & Africa (5%). Our online surveys generally achieve a response rate of above 65%, and telephone interviews yield 60%, resulting in above 92% confidence level with a ±7% margin of error.


Through targeted questionnaires and in-depth interviews, we capture purchase intent, adoption barriers, brand perception across Segment Type. We use interview guides to ensure consistency and anonymous survey options to mitigate response bias. These primary insights validate secondary findings and align market sizing with real-world conditions.


Market Engineering & Data Analysis Framework


Our data analysis framework integrates Top-Down, Bottom-Up, and Company Market Share approaches to estimate and project market size with precision.


Top-down & Bottom-Up Process


In Top-down approach, we disaggregate global Specialty Materials revenues to estimate the Lanthanum Carbonate segment, using historical growth patterns to set baseline trends. Simultaneously, in Bottom-up approach, we aggregate Country-Level Demand Data to derive regional and global forecasts, which provide granular consumption insights. By reconciling both approaches, we ensure statistical precision and cross-validation accuracy.


We evaluate the supply chain, spanning Raw Material Extraction (Inner Mongolia Baotou Steel Rare-Earth, Avalon Advanced Materials), Refining & Processing (Lynas Corporation, Neo Performance Materials), and Compound Manufacturing. Our parallel substitute analysis examines sevelamer hydrochloride tablet, Calcium Acetate, and Aluminum Hydroxide, highlighting diversification opportunities and competitive risks.


Company Market Share & Benchmarking


We benchmark leading companies such as Shire, Bayer AG, and Sanofi S.A., analyzing their capabilities in pricing, product features, technology adoption, and distribution reach. By assessing company-level revenues and product portfolios, we derive market share comparisons, clarifying competitive positioning and growth trajectories across the ecosystem.


Our integration of data triangulation, supply chain evaluation, and company benchmarking, supported by our proprietary Directional Superposition methodology enables us to deliver precise forecasts and actionable strategic insights into the Lanthanum Carbonate market.


Quality Assurance and Compliance


We cross-reference secondary data with primary inputs and external expert reviews to confirm consistency. Further, we use stratified sampling, anonymous surveys, third-party interviews, and time-based sampling to reduce bias and strengthen our results.


Our methodology is developed in alignment with ISO 20252 standards and ICC/ESOMAR guidelines for research ethics. The study methodology follows globally recognized frameworks such as ISO 20252 and ICC codes of practice.

rm

Lanthanum Carbonate Market Data: Size, Segmentation & Growth Forecast

Report AttributeDetails
Market Value in 2025USD 387 million
Revenue Forecast in 2034USD 707 million
Growth RateCAGR of 6.9% from 2025 to 2034
Base Year for Estimation2024
Industry Revenue 2024362 million
Growth OpportunityUSD 344 million
Historical Data2019 - 2023
Growth Projection / Forecast Period2025 - 2034
Market Size UnitsMarket Revenue in USD million and Industry Statistics
Market Size 2024362 million USD
Market Size 2027443 million USD
Market Size 2029506 million USD
Market Size 2030541 million USD
Market Size 2034707 million USD
Market Size 2035755 million USD
Report CoverageMarket revenue for past 5 years and forecast for future 10 years, Competitive Analysis & Company Market Share, Strategic Insights & trends
Segments CoveredProduct Form, End-Use Industry, Production Method, Purity Level
Regional scopeNorth America, Europe, Asia Pacific, Latin America and Middle East & Africa
Country scopeU.S., Canada, Mexico, UK, Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Argentina, Saudi Arabia, UAE and South Africa
Companies ProfiledShire, Bayer AG, Sanofi S.A., Fresenius SE & Co, Dr. Reddy's Laboratories, Micro Labs Limited, Sun Pharmaceutical Industries Limited, Cipla Ltd, Zydus Cadila, Glenmark Pharmaceuticals, Panacea Biotec and Teva Pharmaceutical Industries Ltd.
CustomizationFree customization at segment, region or country scope and direct contact with report analyst team for 10 to 20 working hours for any additional niche requirement which is almost equivalent to 10% of report value

Explore Report Features and Data Packages

Industry Insight Report

$ 4200
Unlock Multi-User Access for just $999 more
i
No Payment Before Report Delivery
Flexible Payment Options
Additional Features
Customization Available
i
Excel Data Pack Included
Free Analyst Support
i
Industry Expert-Validated Insights
100% Confidentiality Guaranteed
Fast Delivery (24–72 hours)
i
Get Report Now

Strategic Growth Advisory

Unrivaled Custom Market Intelligence & Strategic Advisory for Business Growth and Competitive Excellence

  • Assess and prioritize high-value markets with precision
  • Craft tailored entry and expansion roadmaps
  • De-risk investments through rigorous market intelligence
  • Architect dynamic pricing frameworks aligned to value creation
  • Unlock sustainable margin enhancement opportunities
  • Benchmark performance against global industry leaders
  • Strategically realign portfolios to future growth drivers
  • Accelerate commercialization of breakthrough offerings
  • Harness market foresight and technology shifts to fuel innovation

Discover our Strategic Growth Advisory Services »

Table of Contents

Industry Insights Report - Table Of Contents

Chapter 1

Executive Summary

Major Markets & Their Performance - Statistical Snapshots

Chapter 2

Research Methodology

2.1Axioms & Postulates
2.2Market Introduction & Research MethodologyEstimation & Forecast Parameters / Major Databases & Sources
Chapter 3

Market Dynamics

3.1Market OverviewDrivers / Restraints / Opportunities / M4 Factors
3.2Market Trends
3.2.1Introduction & Narratives
3.2.2Market Trends - Impact Analysis(Short, Medium & Long Term Impacts)
3.3Supply Chain Analysis
3.4Porter's Five ForcesSuppliers & Buyers' Bargaining Power, Threat of Substitution & New Market Entrants, Competitive Rivalry
Chapter 4

Lanthanum Carbonate Market Size, Opportunities & Strategic Insights, by Product Form

4.1Powder
4.2Granules
4.3Compacts
4.4Suspensions
Chapter 5

Lanthanum Carbonate Market Size, Opportunities & Strategic Insights, by End-Use Industry

5.1Healthcare
5.2Electronics
5.3Glass & Ceramics
5.4Catalysts & Chemical
5.5Nuclear
5.6Battery
5.7Others
Chapter 6

Lanthanum Carbonate Market Size, Opportunities & Strategic Insights, by Production Method

6.1Wet Process
6.2Dry Process
Chapter 7

Lanthanum Carbonate Market Size, Opportunities & Strategic Insights, by Purity Level

7.1Pharmaceutical Grade
7.2Industrial Grade
7.3High-Purity Grade
Chapter 8

Lanthanum Carbonate Market, by Region

8.1North America Lanthanum Carbonate Market Size, Opportunities, Key Trends & Strategic Insights
8.1.1U.S.
8.1.2Canada
8.2Europe Lanthanum Carbonate Market Size, Opportunities, Key Trends & Strategic Insights
8.2.1Germany
8.2.2France
8.2.3UK
8.2.4Italy
8.2.5The Netherlands
8.2.6Rest of EU
8.3Asia Pacific Lanthanum Carbonate Market Size, Opportunities, Key Trends & Strategic Insights
8.3.1China
8.3.2Japan
8.3.3South Korea
8.3.4India
8.3.5Australia
8.3.6Thailand
8.3.7Rest of APAC
8.4Middle East & Africa Lanthanum Carbonate Market Size, Opportunities, Key Trends & Strategic Insights
8.4.1Saudi Arabia
8.4.2United Arab Emirates
8.4.3South Africa
8.4.4Rest of MEA
8.5Latin America Lanthanum Carbonate Market Size, Opportunities, Key Trends & Strategic Insights
8.5.1Brazil
8.5.2Mexico
8.5.3Rest of LA
8.6CIS Lanthanum Carbonate Market Size, Opportunities, Key Trends & Strategic Insights
8.6.1Russia
8.6.2Rest of CIS
Chapter 9

Competitive Landscape

9.1Competitive Dashboard & Market Share Analysis
9.2Company Profiles (Overview, Financials, Developments, SWOT)
9.2.1Shire
9.2.2Bayer AG
9.2.3Sanofi S.A.
9.2.4Fresenius SE & Co
9.2.5Dr. Reddy's Laboratories
9.2.6Micro Labs Limited
9.2.7Sun Pharmaceutical Industries Limited
9.2.8Cipla Ltd
9.2.9Zydus Cadila
9.2.10Glenmark Pharmaceuticals
9.2.11Panacea Biotec
9.2.12Teva Pharmaceutical Industries Ltd.