Introduction: Pharmaceuticals Preservative Agents Market
Currently, the pharmaceuticals industry is experiencing a positive growth in the global economy. The pharmaceutical sector contributes more than two percent to the global GDP which continues to play a pivotal role in the manufacturing of various critical, high? quality and low?cost medicines for global and regional markets.
Preservatives is a synthetic or natural chemical used as an additives agent in the pharmaceutical industry. The key application of a preservative agent is to prevent the pharmaceuticals product from microbial decomposition growth and also to increase the shelf life of the product. Owing to microbial contents some of the pharmaceuticals products required preservation.
Pharmaceuticals preservative agents are added to that product which have higher water content, in order to avoid degradation and alteration of microorganism during storage. With these prominent applications, there are few good properties of pharmaceuticals preservative agents such as, pharmaceuticals preservative agents are chemically and physically stable, pharmaceuticals preservative agents are non – toxic and compatible with other ingredients which are used in the formulation and manufacturing process of pharmaceuticals preservative agents.
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Market Dynamics: Pharmaceuticals Preservative Agents Market
Growth in pharmaceuticals preservative agents market is expected to create significant incremental $ opportunity to key manufacturers owing to several driving factors such as, pharmaceuticals landscape is expected to witnessing positive growth in the near future owing to the healthy lifestyle, awareness of consumers to spend more on health. All of these factors are contributing to the demand for pharmaceuticals preservative agents across the globe, in turn leading to high consumption of preservative agents used in the pharmaceutical industry.
However, with these positive drivers, some are the negative factors which can restrict the growth of pharmaceuticals preservative agents market such as, rising environmental concerns have led to the implementation of stringent regulations worldwide. Various government policies and guidelines from designated regulatory authorities are anticipated to pose significant technological and cost related challenges to the global pharmaceutical preservative agents market. Manufacturers in pharmaceuticals preservative agents market have opportunity to acquire small preservative agent manufacturers to increase revenue and to decrease transportation cost.
On the basis of source, synthetic pharmaceuticals preservative agents are estimated to hold more than two third of market value share in 2018 and is expected to dominate the same in the near future. In addition to this, on the basis of classification, antimicrobial agent segment of pharmaceuticals preservative agent is estimated to create significant incremental $ opportunity in market in between the forecast period.
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Market Segmentation: Pharmaceuticals Preservative Agents Market
Pharmaceuticals Preservative Agents market is segmented on the basis of source and classification
On the basis of source, pharmaceuticals preservative agents market segmented as,
- Natural Pharmaceutical Preservative Agent
- Synthetic Pharmaceutical Preservative Agent
On the basis of classification, pharmaceuticals preservative agents market segmented as,
- Antioxidants Pharmaceuticals Preservative Agents
- Antimicrobial Pharmaceuticals Preservative Agents
- Chelating Pharmaceuticals Preservative Agents
On the basis of preservatives, pharmaceuticals preservative agents market segmented as,
- Alpha Tocopherol Pharmaceuticals Preservative Agents
- Ethyl Alcohol Pharmaceuticals Preservative Agents
- Others Pharmaceuticals Preservative Agents
Regional Outlook: Pharmaceuticals Preservative Agents Market
On the basis of the geographical analysis, consumption of pharmaceuticals preservative agents is expected to grow at an average rate of nearly two percent for the coming forecast period. Most of the pharmaceuticals preservative agents market growth is expected to come from Asia Pacific region, especially from China owing to significant growth in end use industry, subsidiaries policies in favor of manufacturers, availability of labor at cheap rate, etc. concentration of pharmaceuticals preservative agents consumption in increasing in majorly three region such as, Asia Pacific, Japan and Western Europe, these region collectively expected to hold more than two third of market share in terms of value and volume. In the Asia Pacific, China is alone made up more than one third of pharmaceuticals preservative agents market in terms of value and volume. Western Europe region is expected to gain traction in the pharmaceuticals preservative agents market in the coming future owing to process optimization in the technology. MEA pharmaceuticals preservative agents is expected to witness for weak growth in between the same period.
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Some of the key players of pharmaceuticals preservative agents market are
- Yip’s Chemical Holdings Ltd.
- BASF SE
- Archer Daniel Midland Company
- Procter & Gamble Chemicals
- Kuala Lumpur Kepong Berhad
- Mitsubishi Chemical Corporation
- LyondellBasell Industries Holdings B.V.
- Eastman Chemical Company
- Lada Organics Pvt. Ltd
- Sharon Laboratories
- Salicylates And Chemicals Pvt. Ltd