Requirement in developing nations boosting the market for pharmaceutical solvent

Medical - Mohit Shah - May 26,2017

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requirement in developing nations boosting the market for pharmaceutical solvent

It is noted that the market for the pharmaceutical solvent is anticipated to register a CAGR of 4.2% between 2016 and 2026.

The advancement in healthcare over the years has eventually benefited several other sectors, including the market for the pharmaceutical solvent. A significant growth has been experienced in the developing countries towards the use of the pharmaceutical solvent.

As per a recent research report published on Market Research Reports Search Engine (MRRSE), the worldwide market for the pharmaceutical solvent is assumed to register a CAGR of 4.2% until 2026; it means the sector would acquire a valuation of US$ 4.1 billion during this period.

Currently, the pharmaceutical solvent sector is dominated by several product varieties. The ether pharmaceutical solvent segment is surging at a higher rate and is anticipated to gain 160 BPS between 2016 and 2026. This rise can be credited to the growing demand for dimethyl ether and polyethylene glycol. Interestingly, the alcohol pharmaceutical solvent segment is projected to account for the maximum share in the global market for the pharmaceutical solvent market, recording an estimated CAGR of 4.5%. The other prominent product categories which possess significant shares include Ester solvents and Chlorinated solvents.

Presently, as per the geographical divergence, the market for the pharmaceutical solvent is active in regions such as North America, Latin America, Western Europe, Eastern Europe, APEJ, MEA and Japan. The top players operating in the pharmaceutical solvent market include names such as BASF SE, Eastman Chemical Company, Exxon Mobil Corporation, The Dow Chemical Company, Procter & Gamble Chemicals, Yip’s Chemical Holdings Limited, Alfa Aesar, Clariant AG, Mitsubishi Chemical Corporation and Merck KGaA.

With such high expectations, the pharmaceutical solvent market is offering unexploited opportunities for the market players in this industry, along with developments shaping the dynamics to expand in the coming years.

 

For more information on this report visit- http://www.mrrse.com/pharmaceutical-solvents-market