PHARMACEUTICAL SOLVENTS MARKET ANALYSIS

Market Challenges And Opportunities

Market Restraints

• Increasing occurrence of causalities because of fire hazardous in the pharmaceutical industry owing to its highly flammability

Increasing occurrences of causalities due to fire hazards in the pharmaceutical industry as solvents are highly flammable is projected to restrict the use of solvents. This factor is expected to hinder the pharmaceutical solvent market growth.

• Transportation and storage concern associated with solvent as it is highly volatile fluid

Transportation and storage concerns associated with solvents, as they are highly volatile fluids, are expected to hamper the pharmaceutical solvent market growth. In 2020, Thermo Fisher announced AcroSeal Packaging Solution, which was just introduced. This substance is intended for use in medication development to extend the shelf-life of solvents.

Global Pharmaceutical Solvent Market

Market Opportunities

• Active Pharmaceutical Ingredients (APIs) in production of Pharmaceutical solvents

The growing application of pharmaceutical solvents in the manufacturing of Active Pharmaceutical Ingredients (APIs) is projected to serve as a major growth opportunity for the market. APIs are widely used in the production of medicines capsules and tablets. They are produced using an organic solvent. Therefore, the growing use of organic solvents in the manufacturing of Active Pharmaceutical Ingredients (APIs) is expected to augment the market growth.

• Seeking of manufactures in green chemicals

Increasing focus of manufacturers on green chemistry has propelled the demand for green chemicals, such as an organic solvents, for the manufacturing of drugs is expected to offer immense growth opportunities for market growth. These initiatives focus on reducing the risks associated with environmental hazards caused due to synthetic solvents. Thus, the growing demand for organic solvents will favor the market growth over the forecast period.