What is Barbituric Acid Market?
Barbituric acid, also known as malonylurea or 6-hydroxyuracil, is an organic compound based on pyrimidine heterocyclic skeleton. It is the parent compound of barbiturate drugs. It is an odorless powder soluble in water. It is used in barbiturate drugs that behave as central nervous system depressants. It is a chemical building block in a laboratory synthesis riboflavin and in a method of producing the pharmaceutical drug minoxidil.
Highlights from Barbituric Acid Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Sigma-Aldrich (United States), Hebei Chengxin Co., Ltd. (China), Ralington Pharma LLP (India), MilliporeSigma (United States), Explicit Chemicals Pvt Ltd (India), Fisher Scientific (United States), Zhengzhou Lifeng Chemical Co., Ltd. (China), Danopharm Chemical Pvt Ltd (India), CDH Druh House (P) Ltd. (India) and Hunan HongQiang Chem Technology Development Co., Ltd. (China) |
Barbituric Acid is a fragmented market due to the presence of a large number of established competitors. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that Asia Pacific Vendors will contribute to the maximum growth of Global Barbituric Acid market throughout the forecasted period.
Sigma-Aldrich (United States), Hebei Chengxin Co., Ltd. (China), Ralington Pharma LLP (India), MilliporeSigma (United States), Explicit Chemicals Pvt Ltd (India), Fisher Scientific (United States), Zhengzhou Lifeng Chemical Co., Ltd. (China), Danopharm Chemical Pvt Ltd (India), CDH Druh House (P) Ltd. (India) and Hunan HongQiang Chem Technology Development Co., Ltd. (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Hem Corporation (India). Barbituric Acid Market Segmentation:
Scope | Sub-Segments |
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Application / End User | VB2, Barbiturate, Dye Intermediates and Others |
Type | Pharmaceutical Grade and Industrial Grade |
Distribution Chanel | Online,Offline |
On the basis of geography, the market of Barbituric Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Nutritional Supplement Application
Market Growth Drivers:
Increased Consumption of Barbituric Acid and Rising Prevalence of Insomnia Increased Demand for Barbituric Drugs
Challenges:
Stringent Government Rules and Regulations Affecting the Barbituric Acid Market
Restraints:
Side Effects Associated With Barbituric Acid Use
Opportunities:
Growing Geriatric Population around Globe Will Increase the Demand for Barbituric Drugs and Rising Healthcare Spending and Developing Healthcare Infrastructure
Key Target Audience
Barbituric Acid Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user