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Metformin Hydrochloride-Global Market Insights and Sales Trends 2025
Synopsis
Metformin hydrochloride is the raw material of finished product metformin hydrochloride drugs. That is the API metformin hydrochloride. Metformin Hydrochloride finished product is an oral antihyperglycemic drug used in the management of type 2-diabetes. Metformin hydrochloride (N, N-dimethylimidodicarbonimidic diamide hydrochloride) is not chemically or pharmacologically related to any other classes of oral antihyperglycemic agents.
Metformin hydrochloride is a white to off-white crystalline compound with a molecular formula of C4H11N5·HCL and a molecular weight of 165.63. Metformin hydrochloride is freely soluble in water and is practically insoluble in acetone, ether and chloroform.
In this report, our statistics is given by metformin hydrochloride API.
The global Metformin Hydrochloride market size is expected to reach US$ 342.3 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Metformin Hydrochloride in various end use industries. The expanding demands from the Metformin Hydrochloride Tablets, Metformin Hydrochloride Extended-Release Tablets and Others,, are propelling Metformin Hydrochloride market. Metformin HCL, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Metformin DC segment is estimated at % CAGR for the next seven-year period.
Asia-Pacific is the largest market with about 60% revenue market share. Followed by Europe, accounting for about 17% revenue market share.
The key players are Wanbury, USV, Exemed Pharmaceuticals, Vistin Pharma, Aarti Drugs, Farmhispania Group, Harman Finochem, Shijiazhuang Polee Pharmaceutical, Keyuan Pharmaceutical, CR Double-Crane, Shouguang Fukang Pharmaceutical etc. USV is the largest manufacturer with about 26% revenue market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Metformin Hydrochloride, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Metformin Hydrochloride market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Metformin Hydrochloride market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Metformin Hydrochloride sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Metformin Hydrochloride covered in this report include Wanbury, USV, Exemed Pharmaceuticals, Vistin Pharma, Aarti Drugs, Farmhispania Group, Harman Finochem, Shijiazhuang Polee Pharmaceutical and Keyuan Pharmaceutical, etc.
The global Metformin Hydrochloride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Wanbury
USV
Exemed Pharmaceuticals
Vistin Pharma
Aarti Drugs
Farmhispania Group
Harman Finochem
Shijiazhuang Polee Pharmaceutical
Keyuan Pharmaceutical
CR Double-Crane
Shouguang Fukang Pharmaceutical
Global Metformin Hydrochloride market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Metformin Hydrochloride market, Segment by Type:
Metformin HCL
Metformin DC
Others
Global Metformin Hydrochloride market, by Application
Metformin Hydrochloride Tablets
Metformin Hydrochloride Extended-Release Tablets
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Metformin Hydrochloride manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Metformin Hydrochloride in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Metformin hydrochloride is the raw material of finished product metformin hydrochloride drugs. That is the API metformin hydrochloride. Metformin Hydrochloride finished product is an oral antihyperglycemic drug used in the management of type 2-diabetes. Metformin hydrochloride (N, N-dimethylimidodicarbonimidic diamide hydrochloride) is not chemically or pharmacologically related to any other classes of oral antihyperglycemic agents.
Metformin hydrochloride is a white to off-white crystalline compound with a molecular formula of C4H11N5·HCL and a molecular weight of 165.63. Metformin hydrochloride is freely soluble in water and is practically insoluble in acetone, ether and chloroform.
In this report, our statistics is given by metformin hydrochloride API.
The global Metformin Hydrochloride market size is expected to reach US$ 342.3 million by 2029, growing at a CAGR of 4.1% from 2023 to 2029. The market is mainly driven by the significant applications of Metformin Hydrochloride in various end use industries. The expanding demands from the Metformin Hydrochloride Tablets, Metformin Hydrochloride Extended-Release Tablets and Others,, are propelling Metformin Hydrochloride market. Metformin HCL, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Metformin DC segment is estimated at % CAGR for the next seven-year period.
Asia-Pacific is the largest market with about 60% revenue market share. Followed by Europe, accounting for about 17% revenue market share.
The key players are Wanbury, USV, Exemed Pharmaceuticals, Vistin Pharma, Aarti Drugs, Farmhispania Group, Harman Finochem, Shijiazhuang Polee Pharmaceutical, Keyuan Pharmaceutical, CR Double-Crane, Shouguang Fukang Pharmaceutical etc. USV is the largest manufacturer with about 26% revenue market share.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Metformin Hydrochloride, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Metformin Hydrochloride market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Metformin Hydrochloride market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Metformin Hydrochloride sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Metformin Hydrochloride covered in this report include Wanbury, USV, Exemed Pharmaceuticals, Vistin Pharma, Aarti Drugs, Farmhispania Group, Harman Finochem, Shijiazhuang Polee Pharmaceutical and Keyuan Pharmaceutical, etc.
The global Metformin Hydrochloride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Wanbury
USV
Exemed Pharmaceuticals
Vistin Pharma
Aarti Drugs
Farmhispania Group
Harman Finochem
Shijiazhuang Polee Pharmaceutical
Keyuan Pharmaceutical
CR Double-Crane
Shouguang Fukang Pharmaceutical
Global Metformin Hydrochloride market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Metformin Hydrochloride market, Segment by Type:
Metformin HCL
Metformin DC
Others
Global Metformin Hydrochloride market, by Application
Metformin Hydrochloride Tablets
Metformin Hydrochloride Extended-Release Tablets
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Metformin Hydrochloride manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Metformin Hydrochloride in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Metformin Hydrochloride Market Overview
1.1 Metformin Hydrochloride Product Overview
1.2 Metformin Hydrochloride Market Segment by Type
1.2.1 Metformin HCL
1.2.2 Metformin DC
1.2.3 Others
1.3 Global Metformin Hydrochloride Market Size by Type
1.3.1 Global Metformin Hydrochloride Market Size Overview by Type (2018-2029)
1.3.2 Global Metformin Hydrochloride Historic Market Size Review by Type (2018-2023)
1.3.3 Global Metformin Hydrochloride Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Metformin Hydrochloride Sales Breakdown by Type (2018-2023)
1.4.2 Europe Metformin Hydrochloride Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Metformin Hydrochloride Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Metformin Hydrochloride Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Metformin Hydrochloride Sales Breakdown by Type (2018-2023)
2 Global Metformin Hydrochloride Market Competition by Company
2.1 Global Top Players by Metformin Hydrochloride Sales (2018-2023)
2.2 Global Top Players by Metformin Hydrochloride Revenue (2018-2023)
2.3 Global Top Players by Metformin Hydrochloride Price (2018-2023)
2.4 Global Top Manufacturers Metformin Hydrochloride Manufacturing Base Distribution, Sales Area, Product Type
2.5 Metformin Hydrochloride Market Competitive Situation and Trends
2.5.1 Metformin Hydrochloride Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Metformin Hydrochloride Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Metformin Hydrochloride as of 2022)
2.7 Date of Key Manufacturers Enter into Metformin Hydrochloride Market
2.8 Key Manufacturers Metformin Hydrochloride Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Metformin Hydrochloride Status and Outlook by Region
3.1 Global Metformin Hydrochloride Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Metformin Hydrochloride Historic Market Size by Region
3.2.1 Global Metformin Hydrochloride Sales in Volume by Region (2018-2023)
3.2.2 Global Metformin Hydrochloride Sales in Value by Region (2018-2023)
3.2.3 Global Metformin Hydrochloride Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Metformin Hydrochloride Forecasted Market Size by Region
3.3.1 Global Metformin Hydrochloride Sales in Volume by Region (2024-2029)
3.3.2 Global Metformin Hydrochloride Sales in Value by Region (2024-2029)
3.3.3 Global Metformin Hydrochloride Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Metformin Hydrochloride by Application
4.1 Metformin Hydrochloride Market Segment by Application
4.1.1 Metformin Hydrochloride Tablets
4.1.2 Metformin Hydrochloride Extended-Release Tablets
4.1.3 Others
4.2 Global Metformin Hydrochloride Market Size by Application
4.2.1 Global Metformin Hydrochloride Market Size Overview by Application (2018-2029)
4.2.2 Global Metformin Hydrochloride Historic Market Size Review by Application (2018-2023)
4.2.3 Global Metformin Hydrochloride Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Metformin Hydrochloride Sales Breakdown by Application (2018-2023)
4.3.2 Europe Metformin Hydrochloride Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Metformin Hydrochloride Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Metformin Hydrochloride Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Metformin Hydrochloride Sales Breakdown by Application (2018-2023)
5 North America Metformin Hydrochloride by Country
5.1 North America Metformin Hydrochloride Historic Market Size by Country
5.1.1 North America Metformin Hydrochloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Metformin Hydrochloride Sales in Volume by Country (2018-2023)
5.1.3 North America Metformin Hydrochloride Sales in Value by Country (2018-2023)
5.2 North America Metformin Hydrochloride Forecasted Market Size by Country
5.2.1 North America Metformin Hydrochloride Sales in Volume by Country (2024-2029)
5.2.2 North America Metformin Hydrochloride Sales in Value by Country (2024-2029)
6 Europe Metformin Hydrochloride by Country
6.1 Europe Metformin Hydrochloride Historic Market Size by Country
6.1.1 Europe Metformin Hydrochloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Metformin Hydrochloride Sales in Volume by Country (2018-2023)
6.1.3 Europe Metformin Hydrochloride Sales in Value by Country (2018-2023)
6.2 Europe Metformin Hydrochloride Forecasted Market Size by Country
6.2.1 Europe Metformin Hydrochloride Sales in Volume by Country (2024-2029)
6.2.2 Europe Metformin Hydrochloride Sales in Value by Country (2024-2029)
7 Asia-Pacific Metformin Hydrochloride by Region
7.1 Asia-Pacific Metformin Hydrochloride Historic Market Size by Region
7.1.1 Asia-Pacific Metformin Hydrochloride Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Metformin Hydrochloride Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Metformin Hydrochloride Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Metformin Hydrochloride Forecasted Market Size by Region
7.2.1 Asia-Pacific Metformin Hydrochloride Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Metformin Hydrochloride Sales in Value by Region (2024-2029)
8 Latin America Metformin Hydrochloride by Country
8.1 Latin America Metformin Hydrochloride Historic Market Size by Country
8.1.1 Latin America Metformin Hydrochloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Metformin Hydrochloride Sales in Volume by Country (2018-2023)
8.1.3 Latin America Metformin Hydrochloride Sales in Value by Country (2018-2023)
8.2 Latin America Metformin Hydrochloride Forecasted Market Size by Country
8.2.1 Latin America Metformin Hydrochloride Sales in Volume by Country (2024-2029)
8.2.2 Latin America Metformin Hydrochloride Sales in Value by Country (2024-2029)
9 Middle East and Africa Metformin Hydrochloride by Country
9.1 Middle East and Africa Metformin Hydrochloride Historic Market Size by Country
9.1.1 Middle East and Africa Metformin Hydrochloride Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Metformin Hydrochloride Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Metformin Hydrochloride Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Metformin Hydrochloride Forecasted Market Size by Country
9.2.1 Middle East and Africa Metformin Hydrochloride Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Metformin Hydrochloride Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Wanbury
10.1.1 Wanbury Company Information
10.1.2 Wanbury Introduction and Business Overview
10.1.3 Wanbury Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Wanbury Metformin Hydrochloride Products Offered
10.1.5 Wanbury Recent Development
10.2 USV
10.2.1 USV Company Information
10.2.2 USV Introduction and Business Overview
10.2.3 USV Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.2.4 USV Metformin Hydrochloride Products Offered
10.2.5 USV Recent Development
10.3 Exemed Pharmaceuticals
10.3.1 Exemed Pharmaceuticals Company Information
10.3.2 Exemed Pharmaceuticals Introduction and Business Overview
10.3.3 Exemed Pharmaceuticals Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Exemed Pharmaceuticals Metformin Hydrochloride Products Offered
10.3.5 Exemed Pharmaceuticals Recent Development
10.4 Vistin Pharma
10.4.1 Vistin Pharma Company Information
10.4.2 Vistin Pharma Introduction and Business Overview
10.4.3 Vistin Pharma Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Vistin Pharma Metformin Hydrochloride Products Offered
10.4.5 Vistin Pharma Recent Development
10.5 Aarti Drugs
10.5.1 Aarti Drugs Company Information
10.5.2 Aarti Drugs Introduction and Business Overview
10.5.3 Aarti Drugs Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Aarti Drugs Metformin Hydrochloride Products Offered
10.5.5 Aarti Drugs Recent Development
10.6 Farmhispania Group
10.6.1 Farmhispania Group Company Information
10.6.2 Farmhispania Group Introduction and Business Overview
10.6.3 Farmhispania Group Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Farmhispania Group Metformin Hydrochloride Products Offered
10.6.5 Farmhispania Group Recent Development
10.7 Harman Finochem
10.7.1 Harman Finochem Company Information
10.7.2 Harman Finochem Introduction and Business Overview
10.7.3 Harman Finochem Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Harman Finochem Metformin Hydrochloride Products Offered
10.7.5 Harman Finochem Recent Development
10.8 Shijiazhuang Polee Pharmaceutical
10.8.1 Shijiazhuang Polee Pharmaceutical Company Information
10.8.2 Shijiazhuang Polee Pharmaceutical Introduction and Business Overview
10.8.3 Shijiazhuang Polee Pharmaceutical Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Shijiazhuang Polee Pharmaceutical Metformin Hydrochloride Products Offered
10.8.5 Shijiazhuang Polee Pharmaceutical Recent Development
10.9 Keyuan Pharmaceutical
10.9.1 Keyuan Pharmaceutical Company Information
10.9.2 Keyuan Pharmaceutical Introduction and Business Overview
10.9.3 Keyuan Pharmaceutical Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Keyuan Pharmaceutical Metformin Hydrochloride Products Offered
10.9.5 Keyuan Pharmaceutical Recent Development
10.10 CR Double-Crane
10.10.1 CR Double-Crane Company Information
10.10.2 CR Double-Crane Introduction and Business Overview
10.10.3 CR Double-Crane Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.10.4 CR Double-Crane Metformin Hydrochloride Products Offered
10.10.5 CR Double-Crane Recent Development
10.11 Shouguang Fukang Pharmaceutical
10.11.1 Shouguang Fukang Pharmaceutical Company Information
10.11.2 Shouguang Fukang Pharmaceutical Introduction and Business Overview
10.11.3 Shouguang Fukang Pharmaceutical Metformin Hydrochloride Sales, Revenue and Gross Margin (2018-2023)
10.11.4 Shouguang Fukang Pharmaceutical Metformin Hydrochloride Products Offered
10.11.5 Shouguang Fukang Pharmaceutical Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Metformin Hydrochloride Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Metformin Hydrochloride Industrial Chain Analysis
11.4 Metformin Hydrochloride Market Dynamics
11.4.1 Metformin Hydrochloride Industry Trends
11.4.2 Metformin Hydrochloride Market Drivers
11.4.3 Metformin Hydrochloride Market Challenges
11.4.4 Metformin Hydrochloride Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Metformin Hydrochloride Distributors
12.3 Metformin Hydrochloride Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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