Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

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.

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

Pharmaceutical Solvents  | Coherent Market Insights

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.

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Pharmaceutical Solvents Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 3.0 Bn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 4.4% 2027 Value Projection: US$ 4.3 Bn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, Rest of Asia Pacific
  • Middle East & Africa: South Africa, GCC Countries, Rest of Middle East & Africa
Segments covered:
  • By Chemical Type: Alcohol, Amines, Ester, Ether, Chlorinated Solvents, and Others
Companies covered:

BASF SE, The Dow Chemical, Alfa Aesar, Clariant AG, Merck KGaA, and Yip’s Chemical Holdings Limited

Growth Drivers:
  • Increasing use of a pharmaceutical solvent in the medicine encapsulation and packaging
  • Growth in aging population around the globe
  • Rise in growth of the pharmaceutical industry across emerging economies region of the Asia Pacific region
Restraints & Challenges:
  • Transportation and storage concern associated with solvent as it is highly volatile fluid
  • Increasing occurrence of causalities because of fire hazardous in the pharmaceutical industry owing to its highly flammability

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. 

Figure 2. Global Pharmaceutical solvent Market – Opportunity Analysis

Pharmaceutical Solvents  | Coherent Market Insights

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.

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.

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

Pharmaceutical Solvents  | Coherent Market Insights

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 Yip’s 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.

Pharmaceutical solvents such as isopropanol, propylene glycol, ethanol and propanol are the chemicals which can be easily suspended, dissolved into and extracted in other materials without any alteration to other materials. These solvents provide molecules for drug manufacturing, purification and extraction.

Market Dynamics

The global pharmaceutical solvent market has witnessed significant growth in recent past years, owing to the rising pharmaceutical and healthcare across the globe especially in emerging economies in Asia Pacific region such as India, South Korea and China. In addition to this, increasing disposable income and growing awareness regarding health awareness among consumers has amplified investments on preventive healthcare products and drugs, which in turn is expected to provide lucrative growth to the global pharmaceutical solvent market over the forecast period.

Major players in the global pharmaceutical solvent market are increasing their investment on innovative product launchings, research & development and marketing & promotional activities to capitalize on emerging trends in pharmaceutical industry. This scenario is expected to fuel the market during the forecast period.

Key features of the study:

  • This report provides in-depth analysis of global Pharmaceutical solvent market size (US$ Billion and Kilo Tons), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020 – 2027), considering 2019 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights into market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
  • It profiles leading players in the global Pharmaceutical solvent market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study includes LyondellBasell Industries Holdings B.V., Reliance Industries Limited, Braskem SA, INEOS Group Ltd., ExxonMobil Corporation, 6. Borealis AG, Total S.A., Sasol Limited, IRPC Public Company Limited., National Petrochemical Industrial Company, The Polyolefin Company (Singapore) Pte Ltd., and L.C.Y. Chemical Corporation
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding their future product launches, Chemical Type up-gradation, market expansion, and marketing tactics
  • The global Pharmaceutical solvent market report caters to various stakeholders in this industry including investors, suppliers, global Pharmaceutical solvent manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analysing the global Pharmaceutical solvent market

Detailed Segmentation:

  • Global Pharmaceutical Solvent 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
  • Global Pharmaceutical Solvent Market, By Region:
    • North America
      • U.S.
        • 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
      • Canada
        • 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
    • Latin America
      • Brazil
        • 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
      • Mexico
        • 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
      • Rest of Latin America
        • By Chemical Type
          • Injection moulding
          • Film
          • Other extrusion
          • Fibers
          • Others
        • By End Use
          • Packaging
            • Flexible Packaging
            • Rigid Packaging
          • Automotive
          • Consumer Product
          • Textile Industry
          • Electrical and Electronics
          • Building and Construction
          • Others
    • Europe
      • France
        • 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
      • Germany
        • 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
      • U.K.
        • 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
      • Russia
        • 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
      • Rest of Europe
        • 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
    • Asia Pacific
      • China
        • 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
      • Japan
        • 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
      • Australia
        • 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 Construction
          • Others
      • India
        • 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
      • Rest of the Asia-pacific
        • 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
    • Middle East & Africa
      • GCC
        • 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
      • South Africa
        • 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
      • Rest of Middle East & Africa
        • 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
  • Company Profiles
    • BASF SE*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • The Dow Chemical
    • Alfa Aesar
    • Clariant AG
    • Merck KGaA
    • Yip’s Chemical Holdings Limited

 “*” marked represents similar segmentation in other categories in the respective

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Chemical Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • PEST Analysis
      • PORTER’s Analysis
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Pharmaceutical Solvent Market - Impact of Coronavirus (Covid-19) Pandemic
    • Change in the Consumer Spending Pattern, by Geography
      • North America
      • Latin America
      • Asia-pacific
      • Europe
      • Middle East & Africa
  5. Global Pharmaceutical Solvent Market, By Chemical Type, 2017 - 2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Segment Trends
    • Alcohols
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Ethanol
        • Isopropanol
        • Propanol
        • Propylene Glycol
    • Amines
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Ethanol
        • Isopropanol
        • Propanol
        • Propylene Glycol
    • Ester
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Acetyl Acetate        
        • Ethyl Acetate
        • Butyl Acetate
    • Ether
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Diethyl Ether
        • Anisole
        • Polyethylene Glycol
    • Chlorinated Solvents
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Carbon Tetrachloride
        • Dichloromethane
    • Others
      • Market Share Analysis, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, 2020 - 2027
      • Sub-Segment Trends
        • Chelating Agents
        • Glycerin
        • Acetone
  6. Global Pharmaceutical Solvent Market, By Region, 2017-2027 (US$ Billion and Kilo Tons)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Region, 2020 - 2027
    • North America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
    • Latin America
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Rest of Latin America
          • Sub-region/Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
    • Europe
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • France
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Spain
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Poland
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Rest of Europe
          • Sub-region/Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
    • Asia Pacific
      • Market Share Analysis, By Country, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country, 2020 - 2027
        • China
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • India
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Rest of Asia Pacific
          • Sub-region/Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
    • Middle East & Africa
      • Market Share Analysis, By Country/ Sub-region, 2017 and 2027 (%)
      • Y-o-Y Growth Analysis, By Country/ Sub-region, 2020 - 2027
        • GCC
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
        • Rest of Middle East & Africa
          • Sub-region/Country Trends
          • Market Size and Forecast, By Chemical Type, 2017-2027 (US$ Billion and Kilo Tons)
  7. Competitive Landscape
    • Market Share Analysis
    • Company Profiles
      • BASF SE*
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • The Dow Chemical
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Alfa Aesar
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Clariant AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Merck KGaA
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Yip’s Chemical Holdings Limited
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
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* Browse 45 market data tables* and 30 figures* on "Global Pharmaceutical Solvent Market” – global forecast to 2027

Frequently Asked Questions

The market for global pharmaceutical solvent is forecast to surpass US$ 4.3 billion by 2027 witnessing a CAGR of 4.4% between 2020 and 2027.
Increasing use of a pharmaceutical solvent in the medicine encapsulation and packaging and growth in aging population around the globe are fuelling the growth of the global Pharmaceutical solvent market in the region.
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 favor market growth over the forecast period.
Increasing occurrence of causalities because of fire hazardous in the pharmaceutical industry owing to its highly flammability is expected to hamper the growth the market during the forecast period.
Major players operating in the global Pharmaceutical solvent market include BASF SE, The Dow Chemical, Alfa Aesar, Clariant AG, Merck KGaA, and Yip’s Chemical Holdings Limited
The global pharmaceutical solvent market was estimated to be valued around US$ 4.3 billion in terms of revenue in 2019.
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