Global Pharmaceutical Solvent Market a projected value of USD 4.24 billion by 20
Posted by Onkar Nimbalkar on October 7th, 2019
Pharmaceutical solvents are chemical compounds that are majorly utilized in the manufacturing of drugs in the pharmaceutical industry. These solvents majorly find their usage in dissolving other products and components while also finding its usage as a manufacturing block by providing the molecules required in the production of drugs and pharmaceuticals. These solvents are also used in the extraction and purification process.
Analysis of Global Pharmaceutical Solvent Market report:
Global Pharmaceutical Solvent Market is expected to rise from its initial estimated value of USD 2.96 billion in 2018 to a projected value of USD 4.24 billion by 2026, registering a CAGR of 4.56% in the forecast period of 2019-2026. This rise in market value can be attributed to the overall growth and expansion of the pharmaceutical industry.
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· Increasing levels of R&D activities and expenditure for the development and formulation of pharmaceutical drugs and products is expected to drive the market growth
· Innovations in the product offerings and in the methods of manufacturing the demand for pharmaceutical solvents is on the rise which is expected to significantly drive the market growth
· Presence of strict regulations and compliances from the authorities regarding the handling, storage and transportation of these solvents is expected to restrain the market growth
· Volatile environmental nature and harmful effects of solvents which require extra care and precautions in the usage of pharmaceutical solvents is expected to restrain the market growth
Leading Key players profiled in this report are:
Few of the major competitors currently working in pharmaceutical solvent market are BASF SE; DuPont; PPG Industries, Inc.; Bayer AG; LyondellBasell Industries Holdings B.V.; Mitsui Chemicals, Inc.; Akzo Nobel N.V.; Braskem; Eastman Chemical Company; Merck KGaA; Clariant; Procter & Gamble; Avantor, Inc.; Parchem fine & specialty chemicals; Alfa Aesar; Thermo Fisher Scientific; Yip's Chemical Holdings Limited; Brenntag AG; SEQENS SAS; Exxon Mobil Corporation and Mitsubishi Chemical Corporation.
Global Pharmaceutical Solvent Market Segmentation:
§ Propylene Glycol
§ Methyl Ethanolamine
§ Acetyl Acetate
§ Ethyl Acetate
§ Butyl Acetate
§ Diethyl Ether
§ Polyethylene Glycol
· Aromatic Hydrocarbons
· Chlorinated Solvents
§ Carbon Tetrachloride
§ Chelating Agents
§ Pharmaceutical Industry
§ Research Laboratories
§ Chemical Industry
· North America
· South America
Company Share Analysis:
Global pharmaceutical solvent market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of pharmaceutical solvent market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
The Global Pharmaceutical Solvent Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Pharmaceutical Solvent Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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About the AuthorOnkar Nimbalkar
Joined: September 17th, 2019
Articles Posted: 64
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