Global Pharmaceutical Solvent Market Is Likely To Grow At A CAGR Of 5% During 2023-2035
Research
Nester published a report titled “Pharmaceutical Solvent Market: Global
Demand Analysis & Opportunity Outlook 2035” which delivers
detailed overview of the global pharmaceutical solvent market in terms of
market segmentation by product type, end user, and by region.
Further,
for the in-depth analysis, the report encompasses the industry growth
indicators, restraints, supply and demand risk, along with detailed discussion
on current and future market trends that are associated with the growth of the
market.
The global pharmaceutical
solvent market is expected to grow with a CAGR of ~5% during the
forecast period, i.e., 2023-2035. The market is segmented by product type into
alcohol, amine, ester, ether, and chlorinated solvents. Among them, the
alcohol segment is expected to hold the biggest market share in the global
pharmaceutical solvent market. This is owing to its high utilization as a
direct solvent in the pharmaceutical industry. Furthermore, the use of
alcohol in over-the-counter (OTC) drugs is growing, which is projected to fuel
segment growth.
Growing
demand for solvents in the production of pharmaceutical drugs,
vaccines, medicines, and others along with the rapid emergence of
innovative generic drugs and increasing exports of pharma products are expected
to fuel the global pharmaceutical solvent market growth during the forecast
period. Furthermore, the increasing number of
people aged 65 years and over is also projected to contribute to the growth of
the global pharmaceutical solvent market. A larger number of prescriptions are
filed against the elderly population, which increases the demand for
pharmaceutical drugs and medicines.
Geographically,
the global pharmaceutical solvent market is segmented into
five major regions including North America, Europe, Asia Pacific, Latin America
and Middle East & Africa region. Out of these, the market in North
America is projected to generate enormous revenue by the end of 2031. This is
driven by a large number of established pharmaceutical industries in the
region. In addition, higher spending on pharmaceutical research and development
is expected to spur the use of pharmaceutical solvents in the region.
The
research is global in nature and covers detailed analysis on the market in
North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain,
Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden,
Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America
(Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India,
Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand,
Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE,
Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East
and Africa). In addition, analysis comprising market size, Y-O-Y growth &
opportunity analysis, market players’ competitive study, investment
opportunities, demand for future outlook etc. has also been covered and
displayed in the research report.
Rising Export of
Pharma Products to Drive the Market Growth
The surge in
the use of pharmaceutical solvents in the manufacturing of drugs and
medicines is expected to increase its demand during the forecast period.
Likewise, the growing export of pharmaceutical products to emerging
markets is estimated to be the main growth driver of the global pharmaceutical
solvent market over the forecast period.
However, Limited use of toxic and
hazardous solvents is expected to operate as a key restraint to the growth of
the global pharmaceutical solvent market over the forecast period.
This report also provides the existing
competitive scenario of some of the key players of the global pharmaceutical
solvent market which includes company profiling of BASF SE, Bayer AG, Clariant
International Ltd, Exxon Mobil Corporation., Dow Chemical Company, Brenntag SE,
Pon Pure Chemicals Group, Mitsui Chemicals, Inc., LyondellBasell Industries
Holdings B.V., and PPG Industries, Inc. The profiling enfolds key information
of the companies which encompasses business overview, products and services,
key financials and recent news and developments. On the whole, the report
depicts detailed overview of the global pharmaceutical solvent market that will
help industry consultants, equipment manufacturers, existing players searching
for expansion opportunities, new players searching possibilities and other
stakeholders to align their market centric strategies according to the ongoing
and expected trends in the future.
Request
Report Sample@ https://www.researchnester.com/sample-request-418
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Contact for more
Info:
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Email: info@researchnester.com
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