Pharmaceutical Solvent Market Analysis
According to Future Market Insights, the global market for pharmaceutical solvents will expand at a sluggish pace, registering a 3.5 % CAGR( in terms of value) during the forecast period 2016-2026. More than 2,000 kilotons of pharmaceutical solvents were estimated to be sold in 2016, projecting that the global pharmaceutical solvents revenues amassed in the year surpassed US $ 2,713.2 million. In the report, titled“ Pharmaceutical Solvents Market: Global Industry Analysis & Opportunity Assessment, 2016-2026,” Future Market Insights expects that by the end of 2026, an approximate of US $ 4.1 billion revenues will be accrued through global sales of pharmaceutical solvents. Over the projection period, the APEJ pharmaceutical solvents market will account for over 30 % of the global revenues, primarily due to the region’ s potential for large scale production of drugs, medicine and other pharmaceutical products. Meanwhile, North America and Western Europe are anticipated to incur a slight dip in their collective share towards global market value, procuring combined revenues of nearly US $ 2 billion by the end of 2026.
Alcohol – Dominant Chemical Group for Pharmaceutical Solvents
Formulation of pharmaceutical products is mainly instrumented by mixing alcoholic solvents with API and other pharmaceutical ingredients. During production of medicinal fluids, alcohols tend to serve as the inactive ingredients or excipients, helping in stabilising the chemical composition of resultant compounds.
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