Nitroglycerin is a colorless and oily liquid with high density. It is generally manufactured by reacting nitrating glycerin with nitric acid in appropriate conditions. It is used for two major purposes: one is as an explosive and other is as a medicine. The growing API industry is also responsible for increasing the demand for API raw materials. Nitroglycerin is one of the important constituents in vasodilator drugs and falls under the drug group called nitrates. These medicines relax the blood vessels, thereby facilitating proper blood flow to the heart.

Angina is a kind of chest pain caused by blockages in blood vessels, which transport blood to the heart. Angina can be treated using nitroglycerin. However, the Nitroglycerin drug has several side effects, such as nausea, headache, and flushing. Increase in cases of angina due to changing lifestyle patterns and eating habits of the global population are pushing the market for nitroglycerin in the medical sector.

Global Nitroglycerin Market Participants

Some of the market participants identified across the value chain of global nitroglycerin market are:

  • Pfizer Inc.
  • Merck
  • Mylan N.V.
  • Glenmark Pharmaceuticals Ltd
  • Dalmia Bros. Pvt. Ltd.
  • Troikaa
  • Square Pharmaceuticals Ltd
  • Sun Pharmaceutical Industries Ltd.
  • Healthcare Pharmaceuticals Limited
  • Copperhead Chemical Company

For Critical Insights, Request for Sample PDF –

Global Nitroglycerin Market Dynamics

Market Drivers

The significant growth being witnessed in the number of cardiovascular diseases has created a rise in demand for medication. Nitroglycerin is one of the effective medicines for the treatment of angina pectoris.

Increasing cases of angina pectoris are expected to push the market for nitroglycerin. Changing lifestyle of people in developed and developing countries is leading to new health challenges and these challenges are promoting the growth of the nitroglycerin market. Another application of nitroglycerin is in the manufacturing of explosives. Increasing use of nitroglycerin in the manufacturing of explosives for mining and construction allocations is also pushing the demand for nitroglycerin.

Market Restraints

The major challenge for the global nitroglycerin market is the rise in number of regulations covering its manufacturing, handling and usage. The health care industry is one of the tightly regulated industries in the world. FDA (Food and Drug Administration) sets certain restrictions on the chemicals used in food and drugs. Therefore, pharmaceutical manufacturers must align with these regulations set by various regulatory bodies to operate successfully in the market.

Various safety measures are necessary during the production of nitroglycerin. The explosive nature of nitroglycerin makes it difficult to handle in the normal condition. Also during the transportation of nitroglycerin, it is important to follow various safety guidelines. This is a challenging factor for the growth of the nitroglycerin market.

Market Trends

New applications of nitroglycerin in the field of medicine are being developed through research and development. For instance, various institutions and organizations are focusing on developing a potential drug from nitroglycerin for the treatment of prostate cancer.

Global Nitroglycerin Market: Regional Outlook

The global nitroglycerin market is expected to be leaded by North America and the U.S. is projected to dominate the market in terms consumption of nitroglycerin. Increasing number of patients suffering from cardiovascular diseases in the U.S. are leading to growing demand for nitroglycerin. This is projected to drive the nitroglycerin market in North America. North America is followed by Europe in terms of demand for nitroglycerin. Asia Pacific is the largest producer of nitroglycerin and is expected to lead in terms of the growth in the nitroglycerin market.

Feel Free to Ask an Analyst-

Growing healthcare industry and growth in demand for cardiovascular medicines in Asia Pacific and other emerging regions are the two factors expected to drive the demand for nitroglycerin during the forecast period. Middle East and Africa is projected to witness moderate demand growth for nitroglycerin during the forecast period.

The global market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The global market research report provides analysis and information according to market segments such as geographies, application and industry.

The global market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The global market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The global market report also maps the qualitative impact of various market factors on market segments and geographies.

Global Nitroglycerin Market Segmentation

On the basis of applications, the global nitroglycerin market can be segmented as:

  • Pharmaceutical
  • Explosives

On the basis of end use, the global nitroglycerin market can be segmented as:

  • Angina Pectoris Treatment
  • Prostate Cancer Treatment
  • As Detonator in Mining Industry
  • As Detonator in Construction Industry

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

Contact Us:
Future Market Insights
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
United Arab Emirates

Leave a comment

Your email address will not be published. Required fields are marked *