Published Date : 24 Feb 20 | Views: 14 | Industry : Chemical & Material
High Use of Cetrimide as Preservative in Drugs to Strengthen Demand in Pharmaceuticals Industry
On the basis of product, the global cetrimide market is segmented into assay: 100-101% (including both) and assay: 98-100% (including 98%, not including 100%). The authors of the report have also segmented the global cetrimide market into food and beverages, surgical, pharmaceutical, and others, based on application. High demand for pharmaceutical-grade quaternary ammonium compounds is anticipated to set the tone for decent growth of the pharmaceutical segment. Cetrimide products with high purity levels could be used as active ingredients or preservatives in various creams, ointments, and solutions and also in topical, oral, nasal, and ophthalmic drugs.
Asia Pacific to Benefit from Robust Antiseptics Demand and India’s High Production Volume
Asia Pacific is predicted to account for a competitive share of the global cetrimide market mainly on the back of the high production in India. The emerging region also enjoys increasing interest of foreign players because of its strong growth potential and rewarding sales opportunities. Late in 2019, Novo Nordisk Pharmatech opened a new branch office in Singapore. The demand for cetrimide could also grow in the region because of the quick growth of the antiseptics and disinfectants market.
Players to Sign Distribution Deals with Specialty Chemical Distributors to Expand Customer Base
The report covers popular players operating in the global cetrimide market, including Uma Brothers, Tatva Chintan, Argon Drugs, Nex Gen Chemical, Wellona Pharma, Greentech Industries, and Dishman Group. Uma Brothers and Dishman Group have shown considerable growth in the global cetrimide market. Cetrimide companies are expected to partner with market expansion service providers to target growth opportunities in lucrative regions. They could also sign deals with specialty chemical distributors and providers to expand their presence in the global cetrimide market.
In 2019, Novo Nordisk Pharmatech entered into an agreement with DKSH’s Performance Materials business unit for the distribution of its cGMP quaternary ammonium compounds in 11 Asia Pacific markets.
Increasing Use of Cetrimide in Skin Infection Care to Significantly Contribute to Market Growth
The rising demand for topical antiseptic and disinfectant solutions to treat some types of skin disorder and to clean wounds is expected to add to the growth of the global cetrimide market. Cetrimide products are also used to prevent infection and treat minor burns. Cetrimide finds important application in skin disinfection before surgery or injections. It could also be used as a surfactant and a detergent with cleaning properties. The cosmetics industry is also anticipated to create demand for cetrimide as it could be used in cream and hair products for ideal preserving, emulsifying, and conditioning effects.
For more information, visit: https://www.qyrconsulting.com/reports/cetrimide-market