Pharmaceutical Solvents Market

1
Coherent Market Insights

• Market Research and Business Consulting Services
• https//www.coherentmarketinsights.com/
• COVID-19 Impact Tracker

2
PHARMACEUTICAL SOLVENTS MARKET
ANALYSIS 

• Pharmaceutical Solvents Market, By Chemical Type
  (Alcohols (Ethanol, Isopropanol, Propanol,
  Propylene Glycol), Amines (Aniline,
  Diphenylamine, Methyl ethanolamine,
  Trimethylamine), Ester (Acetyl Acetate, Ethyl
  Acetate, Butyl Acetate). Ether (Diethyl Ether,
  Anisole, Polyethylene Glycol), Chlorinated
  Solvents (Carbon Tetrachloride, Dichloromethane),
  Others (Chelating Agents, Glycerin, Acetone)),
  and By Region (North America, Latin America,
  Europe, Asia Pacific, Middle East Africa) -
  Size, Share, Outlook, and Opportunity Analysis,
  2020 - 2027

3
Solvents are chemicals used in the manufacturing
of the drugs. They also act as a reaction medium
and used in the extraction and purification
process. They can be inorganic and organic which
are also useful in the production of active
pharmaceutical ingredients. Moreover, they are
also used in medicine encapsulation and packaging
process. These solvents can be classified on the
basis of the chemical group into ethers,
alcohols, amines, and chlorinated solvents.The
global pharmaceutical solvent market is projected
to surpass US 4.3 billion by the end of 2027, in
terms of revenue, growing at CAGR of 4.4 during
the forecast period (2020 to 2027).

• Drivers
• The growing aging population around the globe is
  projected to augment the market growth of the
  pharmaceutical solvent. According to the World
  Health Organization, during 2015 and 2050, the
  proportion of the world's population over 60
  years will nearly double from 12 to 22. In
  2050, 80 of older people will be living in low
  middle-income countries. Thus, growth in the
  aging population is expected to stimulate market
  growth.
• Increasing use of a pharmaceutical solvent in the
  medicine encapsulation and packaging is projected
  to bolster the market growth. Various
  manufacturers are introducing liquid additives
  for pharmaceutical solvents and medical devices
  which is further expected to accelerate the
  market growth. The aforementioned application of
  the pharmaceutical solvent in medicine
  encapsulation will favor the market growth over
  the forecast period. 
• Regionally, Asia-pacific dominated the global
  pharmaceutical solvent market in 2019,
  reporting 37 market share in terms of revenue,
  followed by Europe and North America,
  respectively.
•  

4
Figure 1. Global Pharmaceutical Solvent Market,
Revenue Share (), By Region, 2019
5

Market Restraints

• Increasing occurrence of causalities because of
  fire hazardous in the pharmaceutical industry as
  solvent is highly flammable is projected to
  restrict the use of solvent. This factor is
  expected to hinder the market growth of the
  pharmaceutical solvent.
• Transportation and storage concern associated
  with solvent as it is highly volatile fluids is
  expected to hamper the market growth of the
  pharmaceutical solvent.

6
(No Transcript)
7
Market Opportunities

• The growing application of pharmaceutical solvent
  in the manufacturing of the Active Pharmaceutical
  Ingredients (API) is projected to serve as a
  major growth opportunity to the market. API's are
  widely used in the production of medicines
  capsules and tablets. API's are produced by using
  an organic solvent. Therefore, the growing use of
  the organic solvent in the manufacturing of
  Active Pharmaceutical Ingredients is expected to
  augment the market growth.
• Increasing focus of manufacturers on green
  chemistry has propelled the demand for green
  chemicals such as an organic solvent for the
  manufacturing of drugs which is expected to offer
  immense growth opportunities to the market. These
  initiatives focus on reducing the risk associated
  with environmental hazards caused due to
  synthetic solvents. Thus growing demand for
  organic solvent will favor the market growth over
  the forecast period. 

8
Figure 2. Global Pharmaceutical solvent Market
Opportunity Analysis
9
    
 Market Trends 

• Increasing adoption of ultra-high purity organic
  solvents for the production of various healthcare
  electronic devices such as LCD for imaging
  systems is expected to augment the market growth.
  Growing research and development activities
  supported by favorable government regulations in
  order to develop innovative and eco-friendly
  solvent for pharmaceuticals is further expected
  to augment the market growth.
• Increasing expenditure by the government in the
  healthcare sector for improving the medical
  facilities is expected to shape the industry
  structure in the near future. This is expected to
  augment the market growth of the pharmaceutical
  solvent. According to the World Health
  Organization, global spending on health continues
  to rise. It was US 7.8 trillion in 2017 or about
  10 of GDP and US 1,080 per capita up from US
  7.6 trillion in 2016.

10

• Regulations
• Western Europe
• The European government has established various
  regulations based on the testing of medicines and
  creating a common market for medicines. The
  council regulation (EEC/2309/93) had established
  the European Medicines Evaluation Agency (EMEA)
  and Committee on Proprietary Medicinal Products
  (CPMP), CPMP is a committee to EC the multistate
  procedure known now as the mutual recognition
  procedure.

11

• Figure 3. Global Pharmaceutical Solvent Market,
  Revenue Share (), By Chemical Type, in 2019
• 
  

12

• On the basis of chemical type, alcohol dominated
  the global pharmaceutical solvent market in 2019
  with around 34 of market share in terms of
  revenue, followed by others and ester
  respectively.
• Global Pharmaceutical solvent Market - Impact of
  Coronavirus (Covid-19) Pandemic
• Countries in Asia-Pacific are focusing on
  shifting the production facilities of active
  pharmaceutical ingredients (APIs) outside China.
  For capitalizing this opportunity, in March 2020,
  the Indian Government announced US 1.2 Billion
  subsidy for the production of active
  pharmaceutical ingredients (APIs) in the country
  for boosting the morale of major players in
  generics drugs, to commence domestic
  manufacturing of APIs, and become self-reliant.
  This scenario is expected to foster the CAGR of
  the market till the end quarter of 2021.
• Competitive Section
• Key players are operating in the global
  pharmaceutical solvent market are BASF SE, The
  Dow Chemical,  Alfa Aesar, Clariant AG,  Merck
  KGaA, and Yips Chemical Holdings Limited
• Few Recent Developments
• In August 2017, BASF India Limited, subsidiary of
  BASF SE has inaugurated its pharma technical lab
  at its Innovation Campus Asia Pacific, located in
  Navi Mumbai, India. Named BASF Pharma Solutions
  Lab, the mission of this facility is to cater to
  the fast-growing pharmaceutical market in South
  Asia, especially generic drug manufacturing,
  which accounts for more than 70 of the sector in
  India.

13

• Request Sample Report
• Request Customization
• Download PDF Brochure
• Talk to Analyst
• Buy Now
• Reference https//www.coherentmarketinsights.com/
  market-insight/pharmaceutical-solvents-market-3925

14
About Us

• Coherent Market Insights is a global market
  intelligence and consulting organization focused
  on assisting our plethora of clients achieve
  transformational growth by helping them make
  critical business decisions.
• What we provide
• Customized Market Research Services
• Industry Analysis Services
• Business Consulting Services
• Market Intelligence Services
• Long term Engagement Model
• Country Specific Analysis

15
Contact Us

• Mr. Shah
• Coherent Market Insights Pvt.Ltd.
• Address 1001 4th Ave, 3200 Seattle, WA 98154,
  U.S.
• Phone [phone]
• Email sales_at_coherentmarketinsights.com

16
Thank You!

• Kindly follow CMI Social Media Profiles for the
  latest company updates
• Facebook
• Linkedin
• Twitter
• https//www.coherentmarketinsights.com/