Pharmaceutical Solvents Market is gaining rapid traction with Nouryon introducing new Kromasil, silica-based chromatography material, for pharmaceutical purification
Pharmaceutical Solvents are chemicals that are used in the synthesis of chemical substances. Most solvents can be found naturally in nature. However, in industries, solvents are introduced as they help in the speedy process of transformation. Solvents have a number of applications in several fields including pharmaceutical engineering, the food additives industry, cosmetic manufacturing, and industrial odor control. The typical demand for pharmaceutical solvents relies on drug discovery activities. Over the years, the pharmaceutical industry has witnessed significant growth in drug discovery R&D activates with robust growth of the industry itself. Recently, in March 2021, Pfizer Inc. initiated a Phase 1 study of novel oral antiviral therapy for COVID-19. As per the India Brand Equity Foundation (IBEF), the Indian pharmaceutical market was valued at US$ 20.03 billion in 2019, increasing US$ 18.12 in 2018. Hence, such R&D activities can augment growth of the pharmaceutical ...