Pharmaceutical Solvent Market Share

North America Market Forecast

The North America pharmaceutical solvent market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2036, owing to a large number of developed pharmaceutical industries in the region. Further, increased spending on pharmaceutical research and development is expected to stimulate the use of pharmaceutical solvents in the region. Congressional Budget Office reports that a total of USD 83 billion was spent by the pharmaceutical industry on research and development in 2019. Moreover, the rising sales and demand for pharmaceutical products are projected to propel the demand for pharmaceutical solvents in the region.