The global pharmaceutical grade sodium chloride market size is predicted to gain around USD 361 million by 2024 from USD 634.40 million in 2034 with a CAGR of 5.8%.
The pharmaceutical grade sodium chloride market refers to the production, distribution, and application of this compound, which is the highest-purity salt that may used in medical applications like drug manufacturing, IV fluids, oral rehydration solutions, replacement fluid, and dialysate. It is 99.99% of NaCl and contains 0.1% or less of bacteria. These are essential substances for the pharmaceutical industry. Pharmaceutical grade substances are any active or inactive drug, reagent, or biologic manufactured under good manufacturing practices (GMP) and approved by Food and Drug Administration (FDA). These salts are used in dialysis as well as infusion solutions, but also in many medications. There is a high demand for these salts in cosmetics, processed foods, and medications which is driving the growth of the pharmaceutical grade sodium chloride market.
However, the risk factors of the market include environmental regulatory hurdles, supply chain disruptions, and high competition that can hamper market growth. The future scope of the market includes regulatory support, increasing demand, reducing costs, and technological advancement that will help the growth of the pharmaceutical grade sodium chloride market.
For any questions about this dataset or to discuss customization options, please write to us at sales@statifacts.com
| Stats ID: | 7132 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
| Stats ID: | 7132 |
| Format: | Databook |
| Published: | December 2024 |
| Price | US$ 1550 |
Immediate Delivery
Unlock unlimited access to all exclusive market research reports, empowering your business.
Get industry insights at the most affordable plan
Stay ahead of the competition with comprehensive, actionable intelligence at your fingertips!
Learn More
