The global Aprotic Solvents for Pharmaceutical Market reached a significantly robust revenue in 2020 and is expected to register a double-digit revenue CAGR over the forecast period. Major factors driving market revenue growth are characteristics of aprotic solvents like high polarity, high dipole moment, large dielectric constant, low skin penetration, and stability towards strong acidic conditions. Furthermore, increasing usage of aprotic polarity solvent as a reaction solvent for agricultural and pharmaceutical chemicals, as well as a cleaning agent for electronic components, are some other factors expected to drive revenue growth of the global Aprotic Solvents for Pharmaceutical Market revenue over the forecast period. Among the application segments, the oil gas industry segment is expected to account for the highest revenue CAGR during the forecast period, followed by the pharmaceutical segment. Wide use of N-Methyl-2-pyrrolidone solvent for liquefying various materials in the oil and gas industry is expected to continue to support market growth going ahead.
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Top Players in the Global Aprotic Solvents for Pharmaceutical Market:
CNPC Jilin Chemical Group, BASF SE, Eastman Chemical Company, Shell Chemicals, Ineos Chemicals Company, Celanese Corporation, DuPont Conglomerate Company, AlzChem AG, Asahi Kasei, Imperial Chemical Corporation, Mitsubishi Chemicals, Nanjing Jinlong, and Ashland.
Asia Pacific Aprotic Solvents for Pharmaceutical Market revenue is expected to register a significantly faster CAGR than other regional markets over the forecast period. Rapid economic developments in countries such as China, India, and South Korea are boosting industry growth in this region. Expanding end-use industries such as paints and coatings, electronics, and pharmaceuticals are also contributing to growth of the market.
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Market segmentation based on Type Outlook:
- N-Methyl-2-pyrrolidone (NMP)
- Toluene
- Benzene
- Acetone
- Others
Application Outlook:
- Oil gas
- Pharmaceuticals
- Paints Coatings
- Electronics
- Others
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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Frequently Asked Questions Answered in the Report:
- What is the estimated revenue growth rate of the global Aprotic Solvents for Pharmaceutical Market over the forecast period?
- What are the major factors driving the global market revenue growth?
- Which are the leading manufacturers and suppliers in the global Aprotic Solvents for Pharmaceutical Market?
- Which regional market is expected to lead in terms of revenue share in the global Aprotic Solvents for Pharmaceutical Market over the forecast years?
- What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?
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