The world barbituric acid market is expected to reach around US$ 19.8 Million by 2022. Furthermore, with increasing adoption of barbituric acid in industries like pharmaceutical, plastic, polymer, textile, etc., the total demand for barbituric acid is likely to grow at a constant CAGR of 4.6 % between 2022 and 2032 for a total of over US$ 31.04 Million by 2032.
Barbituric acid is predominantly used for the production of barbiturate drugs. Barbituric acid is an organic compound characterized by a six-membered ring structure and belongs to the class of the pyrimidine family. One of the barbiturate drugs produced using barbituric acid is riboflavin which is used as a vitamin B2 nutritional supplement.
Barbiturate drugs have a sedative effect on the central nervous system and are being prescribed for anxiety. These drugs act as central nervous system depressants and are used for the treatment of insomnia, and epilepsy amongst others. Apart from its use as a pharmaceutical intermediate, barbituric acid is also used as a dye intermediate and as a nutritional supplement.
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Global Barbituric Acid Market Drivers
A number of factors have led to the rise in the consumption of barbituric acid. Though barbituric acid itself is not pharmaceutically active, one of its major applications is for the manufacture of barbiturate drugs.
The rising prevalence of insomnia and the growing share of the geriatric population is expected to drive the demand for barbiturate drugs which in turn is anticipated to generate significant demand for barbituric acid as an important raw material for its production.
The changing lifestyle and eating habits have affected the sleeping patterns among individuals. A major share of the population suffers from insomnia, anxiety, and other sleeping disorders, therefore there has been a greater demand for drugs that are being prepared from barbituric acid over the coming years.
Moreover, the growing healthcare spending and rapidly developing healthcare infrastructure across regions is anticipated to generate noteworthy demand for barbituric acid over the forecast period.
Global Barbituric Acid Market Restraints
One of the major challenges faced by global barbituric acid manufacturers is the stringent regulations pertaining to the manufacture of barbiturates drugs and other pharmaceutical products.
The use of barbiturate drugs is being strictly monitored by the Drug Abuse Prevention and Control Act. The side effects of the usage of such drugs and regulations for their dosage and content is a major factor which is likely to impact the global barbituric acid market.
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Global Barbituric Acid Market Trends
Apart from its major use for the manufacture of barbiturate drugs, barbituric acid is also used as a nutritional supplement for vitamin B2 deficiency. Barbituric acid is also increasingly being used as a dye intermediate used in the textile industry. Manufacturers of barbituric acid are generating a significant amount of revenue from exports to developing countries globally.
Global Barbituric Acid Market Participants
Some of the market participants identified across the value chain of the global Barbituric Acid market are:
- Hebei Chengxin Co., Ltd.
- Ralington Pharma
- Explicit chmicals pvt. ltd.
- Zhengzhou Lifeng Chemical Co.,Ltd.
- Danopharm Chemicals Pvt. Ltd.
- CDH Druh House (P) Ltd.
- Hunan HongQiang Chem Technology Development Co., Ltd.
- Sparchem
- Hem Corporation
- GFS Chemicals Inc
The research reports Barbituric Acid presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
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Barbituric Acid also contains projections using a suitable set of assumptions and methodologies. The research report Barbituric Acid provides analysis and information according to market segments such as geographies, applications, and industries.
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
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Global Barbituric Acid Market: Regional Outlook
In terms of regional perspective, the global barbituric acid market is anticipated to be dominated by the Asia Pacific region. China is anticipated to hold a noteworthy share of the global barbituric acid market both in terms of production as well as consumption.
Regions such as North America and Europe are anticipated to witness a rise in demand for barbituric acid owing to the increase in the number of patients suffering from sleeping disorders and other diseases which are treated using barbiturate drugs. Japan, the Middle East and Africa, and Latin America are anticipated to hold a relatively smaller share in volumes but are projected to witness robust growth in the forthcoming years.
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