Market Overview:
The global ester pharmaceutical solvent market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for ester pharmaceutical solvents from various applications such as liniment, injection, oral medication, and others. In addition, the growing demand for these solvents in emerging economies is also contributing to the growth of this market. However, volatility in raw material prices may restrain the growth of this market during the forecast period. On the basis of type, acetyl acetate accounted for a major share of the global ester pharmaceutical solvent market in 2017 and is projected to grow at a CAGR of 5.8% during 2018-2030 owing to its properties such as low toxicity.
Product Definition:
An ester is a type of organic compound that is typically formed by the reaction between an alcohol and an acid. Ester pharmaceutical solvents are used in the manufacture of various medications, including oral suspensions, topicals, and injectables. They are also used as inactive ingredients in some products. The importance of ester pharmaceutical solvents lies in their ability to dissolve both polar and nonpolar substances. This allows them to be used in the formulation of many different types of medications.
Acetyl Acetate:
Acetyl acetate is a solvent and intermediate used in pharmaceuticals. It is an odorless liquid that has a similar appearance to nail polish remover. Acetyl acetate solubility in water is very low (1%) due to which it forms an oily layer on the surface of the solvent if kept under humid conditions.
Ethyl Acetate:
Ethyl acetate is an organic compound that is classified as a ketone. It has a slight aroma and fruity esters flavor. It is soluble in water, alcohol, and diethyl ether but insoluble in aliphatic hydrocarbons (that includes benzene). Ethyl acetate can be produced by both natural as well as synthetic processes.
Application Insights:
Based on the application, the global ester pharmaceutical solvent market is segmented into liniment, injection, oral medication and others. The liniment segment dominated the overall market in terms of revenue share in 2017. This high share is attributable to extensive usage of these solvents for preparation of sports ointments and skin lotions that are used for treating various sports injuries such as strains and bruises. Moreover, increasing demand for liniments owing to its ability to reduce pain by reducing inflammation coupled with growing preference towards natural treatment has been contributing significantly towards growth of this segment over recent years.
The oral medication segment accounted for a significant revenue share in 2017 due to extensive usage as an active pharmaceutical ingredient (API) in several medicines such as antacids/salt tablets/gels/capsules, effervescent antacids/Pepto Bismol Tablets & Capsules among others across all major regions globally.
Regional Analysis:
Asia Pacific dominated the global ester pharmaceutical solvent market in 2017. The presence of emerging economies such as China, India, and Japan is anticipated to fuel the demand for solvents over the forecast period. However, stringent government regulations regarding manufacturing and usage of these products are expected to pose a challenge to regional growth.
North America is also estimated to witness significant growth over the coming years owing to increasing R&D activities by major companies coupled with rising product approvals from regulatory agencies such as FDA and EMEA. Europe accounted for more than 25% share in 2017 owing mainlyto Germany which was followed by U.K., France, Italy, Spain among other countries due primarilyto their high production volume of cosmetic & personal care products along with industrial cleaners using ethyl acetate as a raw material along with other esters including butyl acetate & methyl iso-butyl ketone (MIBK).
Growth Factors:
- Increasing demand for Ester Pharmaceutical Solvent in the pharmaceutical and biotechnology industries for the production of various drugs and medicines.
- Growing demand from emerging markets due to increasing population and rising income levels.
- Technological advancements in the production of ester pharmaceutical solvents that are helping to reduce manufacturing costs and improve product quality.
- Rising environmental concerns regarding the use of traditional solvents in drug manufacturing, which is driving demand for more environmentally friendly ester pharmaceutical solvents.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ester Pharmaceutical Solvent Market Research Report
By Type
Acetyl Acetate, Ethyl Acetate, Butyl Acetate, Others
By Application
Liniment, Injection, Oral Medication, Others
By Companies
OXEA, BASF, Ineos Oxide, DOW, PETRONAS, Eastman, KH Neochem, Celanese Corporation, Showa Denko, Sasol
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
141
Number of Tables & Figures
99
Customization Available
Yes, the report can be customized as per your need.
Global Ester Pharmaceutical Solvent Market Report Segments:
The global Ester Pharmaceutical Solvent market is segmented on the basis of:
Types
Acetyl Acetate, Ethyl Acetate, Butyl Acetate, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Liniment, Injection, Oral Medication, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- OXEA
- BASF
- Ineos Oxide
- DOW
- PETRONAS
- Eastman
- KH Neochem
- Celanese Corporation
- Showa Denko
- Sasol
Highlights of The Ester Pharmaceutical Solvent Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Acetyl Acetate
- Ethyl Acetate
- Butyl Acetate
- Others
- By Application:
- Liniment
- Injection
- Oral Medication
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Ester Pharmaceutical Solvent Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Ester Pharmaceutical Solvent is a solvent used in the pharmaceutical industry. It is a colorless, volatile liquid that is used to dissolve drugs and other compounds.
Some of the major companies in the ester pharmaceutical solvent market are OXEA, BASF, Ineos Oxide, DOW, PETRONAS, Eastman, KH Neochem, Celanese Corporation, Showa Denko, Sasol.
The ester pharmaceutical solvent market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ester Pharmaceutical Solvent Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Ester Pharmaceutical Solvent Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ester Pharmaceutical Solvent Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Ester Pharmaceutical Solvent Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Ester Pharmaceutical Solvent Market Size & Forecast, 2018-2028
4.5.1 Ester Pharmaceutical Solvent Market Size and Y-o-Y Growth
4.5.2 Ester Pharmaceutical Solvent Market Absolute $ Opportunity
Chapter 5 Global Ester Pharmaceutical Solvent Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Ester Pharmaceutical Solvent Market Size Forecast by Type
5.2.1 Acetyl Acetate
5.2.2 Ethyl Acetate
5.2.3 Butyl Acetate
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Ester Pharmaceutical Solvent Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Ester Pharmaceutical Solvent Market Size Forecast by Applications
6.2.1 Liniment
6.2.2 Injection
6.2.3 Oral Medication
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Ester Pharmaceutical Solvent Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Ester Pharmaceutical Solvent Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Ester Pharmaceutical Solvent Analysis and Forecast
9.1 Introduction
9.2 North America Ester Pharmaceutical Solvent Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Ester Pharmaceutical Solvent Market Size Forecast by Type
9.6.1 Acetyl Acetate
9.6.2 Ethyl Acetate
9.6.3 Butyl Acetate
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Ester Pharmaceutical Solvent Market Size Forecast by Applications
9.10.1 Liniment
9.10.2 Injection
9.10.3 Oral Medication
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Ester Pharmaceutical Solvent Analysis and Forecast
10.1 Introduction
10.2 Europe Ester Pharmaceutical Solvent Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Ester Pharmaceutical Solvent Market Size Forecast by Type
10.6.1 Acetyl Acetate
10.6.2 Ethyl Acetate
10.6.3 Butyl Acetate
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Ester Pharmaceutical Solvent Market Size Forecast by Applications
10.10.1 Liniment
10.10.2 Injection
10.10.3 Oral Medication
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Ester Pharmaceutical Solvent Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Ester Pharmaceutical Solvent Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Ester Pharmaceutical Solvent Market Size Forecast by Type
11.6.1 Acetyl Acetate
11.6.2 Ethyl Acetate
11.6.3 Butyl Acetate
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Ester Pharmaceutical Solvent Market Size Forecast by Applications
11.10.1 Liniment
11.10.2 Injection
11.10.3 Oral Medication
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Ester Pharmaceutical Solvent Analysis and Forecast
12.1 Introduction
12.2 Latin America Ester Pharmaceutical Solvent Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Ester Pharmaceutical Solvent Market Size Forecast by Type
12.6.1 Acetyl Acetate
12.6.2 Ethyl Acetate
12.6.3 Butyl Acetate
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Ester Pharmaceutical Solvent Market Size Forecast by Applications
12.10.1 Liniment
12.10.2 Injection
12.10.3 Oral Medication
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Ester Pharmaceutical Solvent Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Ester Pharmaceutical Solvent Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Ester Pharmaceutical Solvent Market Size Forecast by Type
13.6.1 Acetyl Acetate
13.6.2 Ethyl Acetate
13.6.3 Butyl Acetate
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Ester Pharmaceutical Solvent Market Size Forecast by Applications
13.10.1 Liniment
13.10.2 Injection
13.10.3 Oral Medication
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Ester Pharmaceutical Solvent Market: Competitive Dashboard
14.2 Global Ester Pharmaceutical Solvent Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 OXEA
14.3.2 BASF
14.3.3 Ineos Oxide
14.3.4 DOW
14.3.5 PETRONAS
14.3.6 Eastman
14.3.7 KH Neochem
14.3.8 Celanese Corporation
14.3.9 Showa Denko
14.3.10 Sasol
