Pharmaceutical Solvent Market to Grow At A CAGR Of Over 4.5% Through 2024, Says Research Nester
Pharmaceutical solvents are involved in all process (reaction, separation and formulation) of drug manufacturing. These solvents accounts for more than half of the material used during the drug manufacturing process. Organic solvents are gaining popularity in pharmaceutical industries as they offer better mixing, reaction rate, scalability, isolation and safety features. Market Size and Forecast Global pharmaceutical solvent market is anticipated to flourish at a CAGR of 4.5% over the forecast period. Additionally, the market is expected to reach USD 3.8 Billion by the end of 2024. Increasing utilization of solvent in pharmaceutical factories is the key growth driver of global pharmaceutical solvent market. In the regional platform, North America is the largest market in the term of market share in overall pharmaceutical solvent market. Additionally, North America is expected to continue to its dominance over the forecast period. The Market Of Pharmaceutical Solvent is majorl