Barbituric Acid Market Analysis | 2021-2026

Market Insights

The growth of the barbituric acid market is primarily driven by the rising prevalence of insomnia. Expanding the geriatric populace across geographies is another key factor that is likely to propel market growth during the review period. Increasing consumption of barbiturate drugs is propelling the market growth substantially. In addition to this, increasing investment in research and development activities to develop new products is likely to create lucrative opportunities for the players operating in the global market in the coming years. However, stringent regulations about the manufacturing of barbiturate drugs are likely to affect the market growth during the review period.

COVID-19 Impact

The COVID-19 outbreak impacted the growth of the barbituric acid market positively as the demand for chronic barbituric acid increased despite pandemic. The spread of coronavirus led to the enforcement of lockdown to curb the spread of the virus. This led to travel restrictions and supply chain disruptions, which affected the product supply for a short period.

What is barbituric acid?

Barbituric acid is an organic compound of the pyrimidine family. It has a six-membered ring structure composed of four carbon atoms and two nitrogen atoms. It is mainly used in the production of barbiturate drugs. Based on grade, it can be categorized as pharmaceutical grade and industrial grade.

Key Players

Key players operating in the Barbituric Acid market are-

• Hebei Chengxin Co., Ltd. (China)
• Ralington Pharma LLP (India)
• Explicit Chemicals Pvt Ltd (India)
• Zhengzhou Lifeng Chemical Co.,Ltd. (China)
• Danopharm Chemicals Pvt. Ltd. (India)
• Central Drug House (P) Ltd - CDH (India)
• Hunan HongQiang Chem Technology Development Co., Ltd. (China)
• Sparchem (India)
• Hem Corporation (India)
• GFS Chemicals Inc (US).

Segment Analysis

End-Use Industry

The barbituric acid market has been bifurcated into plastics, textiles, polymers, pharmaceuticals, and others. The pharmaceuticals segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing consumption of barbiturate drugs.

Regional Analysis

The market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth can be attributed to the presence of an established pharmaceutical industry coupled with an expanding geriatric populace. The market in Asia-Pacific is expected to be driven by rising incidences of insomnia coupled with increased spending on healthcare.

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Target Audience

Here is the list of the group of customers that the market hopes to have the greatest opportunity to convert-

• Distributors
• Suppliers
• Manufacturers
• Logistics organizations
• Government bodies

Report Features

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.?

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Company Profiling

• Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.

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