By 2022, the size of the global barbituric acid market is projected to be approximately USD 19.8 million. Furthermore, due to the increasing use of barbituric acid in various industries, including pharmaceuticals, plastics, polymers, textiles, etc., the global demand for the substance is anticipated to reach USD 31.04 million by 2032, growing at a consistent 4.6% CAGR between 2022 and 2032.
Barbituric acid comes across as an organic compound that could be categorized as one of the pyrimidines. It is used to produce plastics, pharmaceuticals (barbiturates), textiles, and polymers.
Barbituric Acid is used for manufacturing barbiturate drugs. Research states that these drugs do end up having a sedative effect on central nervous system. As such, it helps those contracting sleeping disorders.
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Also, seizures are driving utilization of barbiturate drugs like anticonvulsants, hypnotics, anesthetics, sedatives, and sleeping pills containing barbituric acid. It is also used for vitamin B2’s (riboflavin’s) and minoxidil’s laboratory synthesis. This is another factor driving the barbituric acid market in the near future.
At the same time, the fact that there are stern regulations in place regarding production of barbiturates drugs can’t be ignored. This factor is expected to restrain the barbituric acid market in the years to come. Plus, there are side-effects; which the Drug Abuse Prevention and Control monitors at regular intervals.
Key Takeaways from the Barbituric Acid Market
- North America holds the largest market share with barbituric acid being increasingly adopted by the pharmaceuticals vertical along with increasing incidences of ailments like sleep disorders. This holds true for both – the US and Canada. Research states that barbituric acid acts as a remedy to insomnia. The American Sleep Apnea Association states that chronic insomnia does affect close to 10% of the Americans and the number is expected to rise even in the forecast period.
- The Asia-Pacific is expected to witness growth at a faster pace in the barbituric acid market due to higher production as well as consumption of baribituric acid along with expansion of pharmaceutical and plastics verticals.
Competitive Landscape
The key participants in barbituric acid market include Ralington Pharma, Danopharm Chemicals Pvt. Ltd., Hebei Chengxin Co., Ltd., Sparchem, Hem Corporation, GFS Chemicals Inc., Hunan HoongQiang Chem technology Development Co., Ltd., Explicit Chemicals Pvt. Ltd., Zhengzhou Lifeng Chemical Co., Ltd., and likewise. They are into organic as well as inorganic modes of expansion to strengthen their foothold herein.
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Key Segments Profiled in the Barbituric Acid Industry Survey
By Grade:
- Regular grade 98% (Industrial Grade)
- High Purity Grade 99% (Pharmaceutical Grade)
By Application:
- Pharmaceutical intermediate
- Dye intermediate
- Nutritional supplement
By End-Use Industry:
- Plastics
- Textiles
- Polymers
- Pharmaceutical
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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