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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