Barbituric Acid Market to Reach $0.3 Billion, Globally, by 2033 at 4% CAGR: Allied Market Research
Growing pharmaceutical industry demand, rise in research and development activities, and expanding applications are the major factors which drive the global market growth.
/EIN News/ -- Wilmington, Delaware, Sept. 27, 2024 (GLOBE NEWSWIRE) -- Allied Market Research published a report, titled, "Bariatric surgery devices Market by Device Type (Assisting Devices, Implantable Devices, and Others), Procedure (Sleeve Gastrectomy, Gastric Bypass, and Others), and End User (Hospitals, and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the barbituric acid market was valued at $0.2 billion in 2023, and is estimated to reach $0.3 billion by 2033, growing at a CAGR of 4% from 2024 to 2033.
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Prime determinants of growth
Rising demand in the pharmaceutical industry and growing research and development activities are the major factors that drive the growth of the market. However, adverse health effects hinder the market growth. Moreover, technological advancements in manufacturing offer remunerative opportunities for the expansion of the global barbituric acid market.
Report coverage & details
| Report Coverage | Details |
| Forecast Period | 2024–2033 |
| Base Year | 2023 |
| Market Size in 2023 | $0.2 billion |
| Market Size in 2033 | $0.3 billion |
| CAGR | 4.0% |
| No. of Pages in Report | 216 |
| Segments Covered | Grade, Application, End User and Region |
| Drivers |
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| Opportunities |
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| Restraints |
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Segment Highlights
More Preference for High Pure Grade Barbituric Acid
High pure grade barbituric acid is more utilized than regular grade due to its superior quality and consistency, essential for sensitive applications in pharmaceuticals and analytical chemistry. Its higher purity ensures minimal impurities, leading to better performance, safety, and reliability in drug synthesis and laboratory experiments, thereby meeting stringent regulatory and industry standards.
Pharmaceutical Application of Barbituric Acid
Pharmaceutical applications of barbituric acid, including sedatives, anesthetics, and anticonvulsants, are more widely used due to their effectiveness in managing conditions like anxiety, epilepsy, and for inducing anesthesia. These drugs leverage barbituric acid's properties to exert significant central nervous system effects, making them crucial in medical treatments
Regional Outlook
The market outlook for barbituric acid varies regionally. North America and Europe lead due to advanced pharmaceutical sectors and stringent healthcare regulations. Asia-Pacific shows promising growth with increasing healthcare investments and expanding pharmaceutical industries. Latin America, Middle East, and Africa also demonstrate potential with rising healthcare awareness and improving infrastructure.
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Key Players
- Ralington Pharma
- Zhengzhou Lifeng Chemical Co., Ltd.
- Explicit chemicals pvt. Ltd.
- Hebei Chengxin Co., Ltd.
- Danopharm Chemicals Pvt. Ltd.
- CDH Druh House (P) Ltd.
- Sparchem
- Hunan HongQiang Chem Technology Development Co., Ltd.
- GFS Chemicals Inc
- Hem Corporation
The report provides a detailed analysis of these key players in the global barbituric acid market. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
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