Global Nitroglycerin API Market Growth 2024-2030
Product Code:865849
Published Date: Sep 19,2024
Pages: 89
Region: Global
Category: Pharma & Healthcare
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Nitroglycerin, also known as nitroglycerine, trinitroglycerin, nitro, glyceryl trinitrate, or 1,2,3-trinitroxypropane, is a dense, colorless, oily, explosive liquid most commonly produced by nitrating glycerol with white fuming nitric acid under conditions appropriate to the formation of the nitric acid ester. This report focuses on nitroglycerin active pharmaceutical ingredient which is mainly use for intravenous, nitroglycerin patch and sublingual spray.
The global Nitroglycerin API market size is projected to grow from US$ 22.5 million in 2024 to US$ 32 million in 2030; it is expected to grow at a CAGR of 6.0% from 2024 to 2030.
LP Information, Inc. (LPI) ' newest research report, the “Nitroglycerin API Industry Forecast” looks at past sales and reviews total world Nitroglycerin API sales in 2023, providing a comprehensive analysis by region and market sector of projected Nitroglycerin API sales for 2024 through 2030. With Nitroglycerin API sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nitroglycerin API industry.
This Insight Report provides a comprehensive analysis of the global Nitroglycerin API landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nitroglycerin API portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Nitroglycerin API market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nitroglycerin API and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nitroglycerin API.
The nitroglycerin API (active pharmaceutical ingredient) market is primarily driven by its widespread use in cardiovascular treatments, especially for angina pectoris and heart failure. As heart disease remains a leading cause of death globally, the demand for effective treatments like nitroglycerin continues to rise. The aging population, increasing prevalence of lifestyle diseases such as hypertension, and growing awareness of cardiovascular health further drive market demand. Moreover, advancements in drug formulations and delivery methods are expanding the therapeutic applications of nitroglycerin.
However, the market faces challenges such as strict regulatory requirements, given the explosive nature of nitroglycerin. This makes its manufacturing, transportation, and storage complex and expensive. Additionally, the API's sensitivity to temperature and light can affect its stability, leading to shorter shelf life and increased handling costs. Furthermore, the rise of alternative cardiovascular therapies and generic competition may impact market growth, requiring manufacturers to constantly innovate and maintain high safety standards.
Global nitroglycerin API manufacturers include Novasep, Copperhead Chemical, etc.The top 5 companies hold a share about 85%. Europe is the largest consumption place, with a consumption market share nearly 33% in 2023. Following Europe, Asia-Pacific is the second largest consumption place with the consumption market share of 33%.
This report presents a comprehensive overview, market shares, and growth opportunities of Nitroglycerin API market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
10% NG
5% NG
2% NG
≥15% NG
Segmentation by Application:
Intravenous
Sublingual Spray
Nitroglycerin Patch
Sublingual Tablets
Capsules
Release Tablet
Ointment
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Novasep
Copperhead Chemical
Dipharma
Cambrex
Bharat Pharma
SD Sinepharm
Dorsa Pharmaceutical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Nitroglycerin API market?
What factors are driving Nitroglycerin API market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Nitroglycerin API market opportunities vary by end market size?
How does Nitroglycerin API break out by Type, by Application?