Pharmaceutical solvents Market to Reach US$ 4.1 Bn in Revenues by 202 Dec 2017 | Page 6

Pharmaceutical Solvent Market Analysis
Hence, the global market for pharmaceutical solvents will continue to witness higher
adoption of alcohols as the constituent chemicals used for production. By the end of
2026, more than 700 kilotons of alcohols will be consumed for global production of
pharmaceutical solvents. Besides, esters are also expected to be a dominant chemical
constituent in production of pharmaceutical solvents, and are estimated to have
accounted for more than US$ 400 million revenues in 2016. On the other hand,
manufacturers of pharmaceutical solvents are also augmenting their production
techniques to include ether chemicals. During the forecast period, the global revenue
share of ethers will exhibit an impressive growth by accounting for more than 16%
Fire Hazards Repressing Rampant Production of Pharmaceutical Solvents
Leading manufacturers in the global pharmaceutical solvents market are being
weighed down by government and administrative authorities for limiting their
production potential. Presence of volatile chemicals in pharmaceutical solvents has
led to imposition of strict regulations regarding production, storage and transport of
pharmaceutical solvents. Subsequently, health hazards impact the pricing of
pharmaceutical solvents as employees working in solvent manufacturing units
demand better insurance cover and incessant salary hikes, which ends up spiking the
production costs for companies..
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