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Pharmaceutical Glycerin Based Products Market Detailed Study Analysis with Forecast by 2031
Glycerin is an odorless and colorless liquid that is present in both animal as well as plant matter. Most of the pharmaceutical glycerin is derived from soybeans and sugarcanes. Pharmaceutical glycerin is used as an excipient in eyewash solutions and as a sweetener in lozenges, and syrups. They are also used in jellies, creams, and eardrop products for topical use and as gel capsules, suppositories and congestion capsules in expectorant products.
The increasing use of glycerin products in medicine industry is a prime factor boosting the growth of the global pharmaceutical glycerin based products market. This is likely to continue so during the forecast period set between 2021 and 2031.
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Glycerin is also used as filler in cookies and other low-fat food items and as a thickening agent in liqueurs. They are also used by the pharmaceutical industry for the manufacturing of humectant and lubricant products. Thus, these factors are further projected to create revenue generation opportunities for the pharmaceutical glycerin based products market in the coming years.
The pharmaceutical glycerin based products market survey offers both qualitative and quantitative analysis of the market and factors attributing to its growth. This includes drivers, restraints, challenges, and new growth opportunities. Besides this, the pharmaceutical glycerin based products market survey also throws light on the impact of the novel COVID19 pandemic on this market and what measures will aid in expansion of this market during the forecast period. Additionally, the report lists the names of players and their key contributions to the market in the form of innovations and new product launches. The report is available for sale on the company website.
Pharmaceutical Glycerin Based Products Market - Competitive Landscape
There are many players functioning in the global pharmaceutical glycerin based products market, thereby making the nature of market fairly competitive. Leading players in the pharmaceutical glycerin based products market are focusing on the adoption of growth strategies, such as innovations in the current technologies, joint ventures, mergers and acquisitions, among others to gain an upper hand in the overall market competition. Other players are making heavy investments on research and development to ensure the market attracts high revenues during the forecast period.
Some of the key players of the global Pharmaceutical Glycerin Based Products market include:
The Dow Chemical Company
Lonza
Johnson & Johnson
Croda International Plc.
AbbVie Inc.
Emery Oleochemicals
Bausch Health Companies Inc.
Dupont
Takeda Pharmaceutical Companies
Other players
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Pharmaceutical Glycerin Based Products Market - Growth Drivers
Increasing application of pharmaceutical glycerin for treating eye disorders such as glaucoma and others will serve as a key growth driver for the global pharmaceutical glycerin based products market. Additionally, they are also used as a substitute for alcohol in hand sanitizers, the increasing demand for which will further augment the growth of this market in the forecast period.
Besides this, pharmaceutical glycerin has higher glycerin content and is available at cost efficient prices, thus boosting the sales growth for pharmaceutical glycerin based products market in the long run. On the contrary, the adverse effects of glycerin such as dry mouth, polyuria, nausea, and diarrhea may pose a serious challenge to the growth of this market. Nevertheless, their managerial features in terms of treating intraocular pressure and cerebrospinal pressure is likely to help create lucrative growth opportunities for the overall pharmaceutical glycerin based products market in the forecast period.
Pharmaceutical Glycerin Based Products Market - Geographical Insights
Geographically, the global pharmaceutical glycerin based products market is categorized into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. These regions are again segmented on the basis of nations. Among all these, the market was dominated by Asia Pacific and is likely to continue so during the forecast period as well. Factors attributing to the growth of this region include awareness about the good effects of using pharmaceutical glycerin based products on skin and their wide production and adoption in countries such as India, South Korea, and China.
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