Pharmaceutical Solvents Market - Global Industry Analysis

Pharmaceutical Solvents Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Pharmaceutical Report Format : PDF Report Code: ZMR-6740 Status : Upcoming

Description

Global Pharmaceutical Solvents Market: Overview

Solvents are known as liquid substances that are capable of dissolving or dispersing multiple substances. Such solvents are referred to as indispensable building blocks due to their wide range of advantages like higher stability in storage and no sensitivity to oxidation. Pharmaceutical solvents are the kind of chemical substances utilized during a drug manufacturing process. They are used for the extraction and purification of a particular material without modifying the materials chemically. The pharmaceutical solvents function as reaction mediums and offer molecules for drug preparation.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Pharmaceutical Solvents Market: Growth Factors

Pharmaceutical companies use a wide range of chemicals in different propositions and combinations. However, it is not always possible to formulate the desired chemical composition after forming chemical bonds with each other. Therefore, these solvents are utilized to extract desired blended combinations. Solvents are a kind of chemical materials that can extract, suspend, segregate, or dissolve other chemicals. A solvent can also be utilized either in the form of gas, liquid, or solid depending on the requirement of the various reactions. Pharmaceutical solvents act as a reaction medium or as a catalyst for extracting the required composition of drugs. Therefore, such requirements are likely to steer the growth of the global pharmaceutical solvents market over the forecasted period. Apart from that, solvents are also used as rinsing liquids or disinfectants in the pharmaceutical sector. The pharmaceutical solvent cannot be wholly eliminated from the final drugs. Drug innovation and manufacturing processes are steering the growth of the pharmaceutical sector globally, which in turn is likely to create several lucrative growth opportunities in the global pharmaceutical solvents market over the forecasted period. The growing government drug regulations and research & development activities are further positively impacting the growth of the market. Also, the adoption of manufacturing technologies and innovative methods in the pharmaceutical sector is another crucial factor steering the growth of the global pharmaceutical solvents market. The high prevalence of chronic diseases along with growing complexities inpatient demands for advanced biologics and biosimilars. Such demands will nuance the packaging solutions. The packaging solution is in parallel with RS limits of solvent used, which in turn will also enhance the traceability and quality. Also, the growing initiatives from the government to adopt green chemical processes due to their unique advantages like non-inflammable properties are also widening the scope of pharmaceutical solvents globally. Pharmaceutical companies boost revenue by keeping solvent recovery on-site instead of depending on chemical processes. However, all these aforementioned factors are likely to bolster the growth of the global pharmaceutical solvents market over the forecasted period.

Global Pharmaceutical Solvents Market: Segmentation

The global pharmaceutical solvents market can be segmented into chemical groups and regions.

By chemical group, the market can be segmented into chlorinated solvents, ether, ester, amine, alcohol, and others. The chlorinated solvents segment can further be bifurcated into dichloromethane and carbon tetrachloride. The ether segment can further be bifurcated into polyethylene glycol, anisole, and diethyl ether. The ester segment can further be bifurcated into butyl acetate, ethyl acetate, and acetyl acetate. The amine segment can further be bifurcated into trimethylamine, dimethylethanolamine, diphenylamine, and aniline. The alcohol segment can further be bifurcated into propylene glycol, propanol isopropanol, and ethanol. The alcohol segment accounts for the largest share in the global pharmaceutical solvents market. Among the classifications, the propanol segment holds hegemony over others as it is highly used as direct solvents in pharmaceuticals. It is also used to produce cleaning agents, dyes, soaps, and others. The alcohol-based pharmaceutical solvents are extensively utilized in OTC syrups and drugs.

Global Pharmaceutical Solvents Market: Regional analysis

Asia Pacific accounts for the largest share in the global pharmaceutical solvents market due to the fast proliferation of the pharmaceutical sector in the region. Also, the growing economies like South Korea, Japan, and China are likely to pose huge demand for the pharmaceutical segment in the upcoming years due to the growing initiatives from the government to strengthen the healthcare infrastructure in the region and provide high-end treatment to the patients.

North America is likely to register a significant growth rate over the forecasted period due to the presence of robust medical device manufacturers in the region. Also, the growing investments to fuel research and development activities in the pharmaceutical sector are likely to further stimulate the growth of the regional market.

Global Pharmaceutical Solvents Market: Competitive Players

Some of the significant players in the global pharmaceutical solvents market are Bayer Group, LyondellBasell Industries Holdings BV, FINAR LIMITED, Akzonobel N.V., Pon Pure Chemicals, Nouryon, DuPont de Nemours, Inc, Eastman Chemical Company, Bayer AG, Exxon Mobil Corporation, Merck KGaA, BASF SE, The Dow Chemical Company, and Mitsubishi Chemical Corporation.

Global Pharmaceutical Solvents Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

Pharmaceutical companies use a wide range of chemicals in different propositions and combinations. However, it is not always possible to formulate the desired chemical composition after forming chemical bonds with each other. Therefore, these solvents are utilized to extract desired blended combinations. Solvents are a kind of chemical materials that can extract, suspend, segregate or dissolve other chemicals.

 

Some of the significant players in the global pharmaceutical solvents market are Bayer Group, LyondellBasell Industries Holdings BV, FINAR LIMITED, Akzonobel N.V., Pon Pure Chemicals, Nouryon, DuPont de Nemours, Inc, Eastman Chemical Company, Bayer AG, Exxon Mobil Corporation, Merck KGaA, BASF SE, The Dow Chemical Company, and Mitsubishi Chemical Corporation.

 

Asia Pacific accounts for the largest share in the global pharmaceutical solvents market due to the fast proliferation of the pharmaceutical sector in the region. Also, the growing economies like South Korea, Japan, and China are likely to pose huge demand for the pharmaceutical segment in the upcoming years due to the growing initiatives from the government to strengthen the health care infrastructure in the region and provide high-end treatment to the patients.

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