[250 Pages Report] The global barbituric acid market size is expected to reach around USD 19.8 Million in 2022. Further, with rising adoption of barbituric acid across industries such as pharmaceuticals, plastics, polymers, textiles, etc., the total demand for barbituric acid is likely to grow at a steady CAGR of 4.6% between 2022 and 2032, totaling over USD 31.04 Million by 2032.
| Attributes | Key Statistics |
|---|---|
| Barbituric Acid Market Estimated Value (2022) | USD 19.8 Million |
| Barbituric Acid Market Projected Value (2032) | USD 34.04 Million |
| Barbituric Acid Market Estimated Growth Rate (2022 to 2032) | 4.6% |
Barbituric acid is an organic compound belonging to the pyrimidine family. It is commonly used in the manufacturing of pharmaceuticals (barbiturates), plastics, polymers, and textiles.
In recent years, demand for barbituric acid has risen at a robust pace due to its increasing usage in the production of barbiturate drugs and the trend is likely to continue during the forecast period. These barbiturate drugs have a sedative effect on the central nervous system and are being consumed by patients suffering from sleeping disorders and anxiety.
Thus, surge in cases of sleeping disorders and anxiety will continue to push the demand for barbituric acid during the forecast period.
Similarly, rapid expansion of industries like plastics, polymers, and textiles will positively impact the barbituric acid market growth during the upcoming years.
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Over the years, rising prevalence of various diseases and increasing consumer healthcare spending have triggered the growth of pharmaceuticals industry and this trend is likely to further escalate during the forecast period on account of increasing healthcare awareness among people. Driven by this demand for barbituric acid is slated to grow at a considerable pace.
Barbituric acid itself is not pharmaceutically active. However, it is being used as a raw material used for making a wide range of barbiturates. Rising prevalence of diseases like insomnia and seizures along with growing usage of barbiturate drugs as hypnotics, anticonvulsants, sedatives, anesthetics and most importantly sleeping pills is projected to boost the growth of barbituric acid market during the forecast period.
Globally there are millions of people who suffer from insomnia, anxiety and several other sleeping disorders. For instance, according to the American Sleep Apnea Association, around 50 million Americans already suffer from over 80 different sleep disorders while another 20 to 30 million suffer intermittent sleep problems each year. This is creating huge demand for barbiturates which will eventually foster the growth of barbituric acid market in the future
Similarly, rising usage of barbituric acid for laboratory synthesis of riboflavin (vitamin B2) and minoxidil will create lucrative growth opportunities for the leading barbituric acid manufacturing companies during the forthcoming years.
In addition to this, growing adoption of barbituric acid as dye intermediate used in textile industry will further expand the barbituric acid market size in the future.
Despite multiple applications of barbituric acid, there are certain factors that are likely to restrain the growth of barbituric acid market. One such factor is the presence of stringent regulations pertaining to the manufacturing of barbiturates drugs.
As barbiturates have numerous side effects, they are being strictly monitored by the Drug Abuse Prevention and Control Act. This is negatively impacting the market growth to some extent.
Principal Consultant
FMI predicts the Asia Pacific market to retain its dominant position during the forecast period, owing to the high production and consumption rates of barbituric acid, large presence of barbituric acid manufacturing companies, and expanding plastics and pharmaceutical industries.
In recent years, there has been a sharp rise in sleeping disorders across highly populated nations like China and India. In order to manage and treat these sleeping disorders people use drugs like barbiturates. This is providing a major impetus to the growth of Asia pacific barbituric acid market.
Similarly, increasing usage of barbituric acid in health supplements will further push the demand for barbituric acid in the region during the assessment period.
As per FMI, demand for barbituric acid is projected to grow at a rapid pace in the North America Market, owing to the rapid adoption in pharmaceutical industry, rising prevalence of diseases like sleep disorders, increasing healthcare spending, and strong presence of leading barbituric acid manufacturing companies.
Barbituric acid sales are especially rising across the USA due to increasing prevalence of insomnia, growing production and consumption of barbiturates, and presence of some of the world’s leading pharmaceutical companies.
According to the American Sleep Apnea Association, chronic insomnia affects around 10% of Americans and this number is further expected to increase in the upcoming years. In order to treat this condition, people consume drugs like barbiturates on large scales. This is fostering the growth of barbituric acid market in the region.
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Some of the key manufacturers of barbituric acid are 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, and Hem Corporation.
These key barbituric acid manufacturing companies are adopting strategies such as partnerships, collaborations, mergers, acquisitions, and establishment of new production facilities to gain a competitive edge in the global barbituric acid market. Furthermore, they are investing in research and development to explore new application areas of barbituric acid.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 4.6% from 2022 to 2032 |
| Market Estimated Value (2022) | USD 19.8 Million |
| Projected Market Size (2032) | USD 31.04 Million |
| Base Year for Estimation | 2021 |
| Historical Data | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Grade, Application, End-Use Industry, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; APEJ; Japan; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | 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 |
| Customization | Available Upon Request |
As per FMI, demand in the global barbituric acid market is forecast to grow at a CAGR of around 4.6% during the assessment period (2022 to 2032).
Asia Pacific is likely to remain the most dominant barbituric acid market during the forecast period.
The global barbituric acid market is expected to reach a valuation of USD 31.04 Million by 2032.
Ralington Pharma, Zhengzhou Lifeng Chemical Co., Ltd., Explicit chemicals pvt. Ltd., Hebei Chengxin Co., Ltd., Danopharm Chemicals Pvt. Ltd., CDH Druh House (P) Ltd., and Sparchem are some prominent barbituric acid manufacturers.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Barbituric Acid Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use Industry 5.1. Plastics 5.2. Textiles 5.3. Polymers 5.4. Pharmaceutical 5.5. Others 6. Global Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Application 6.1. Pharmaceutical Intermediate 6.2. Dye Intermediate 6.3. Nutritional Supplement 7. Global Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Grade 7.1. Regular Grade 98% 7.2. High Purity Grade 99% 8. Global Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. Asia Pacific 8.5. MEA 9. North America Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Latin America Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Europe Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Asia Pacific Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. MEA Barbituric Acid Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Key Countries Barbituric Acid Market Analysis 15. Market Structure Analysis 16. Competition Analysis 16.1. Hebei Chengxin Co., Ltd. 16.2. Ralington Pharma 16.3. Explicit Chemicals Pvt. Ltd. 16.4. Zhengzhou Lifeng Chemical Co., Ltd. 16.5. Danopharm Chemicals Pvt. Ltd. 16.6. CDH Druh House (P) Ltd. 16.7. Hunan HongQiang Chem Technology Development Co., Ltd. 16.8. Sparchem 16.9. Hem Corporation 16.10. GFS Chemicals Inc 17. Assumptions & Acronyms Used 18. Research Methodology
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Barbituric Acid Market
