Press release
Morphine Market is set to record exponential growth by 2030
Morphine Market Study Provides Latest Intelligence on Growth in 2021 and BeyondGlobal Morphine supply-demand continues to be impacted by broader developments in the chemicals sector. The new Morphine market research report outlines the key factors that will impact production, supply, and demand during the assessment period (2020-2030).
The study tracks Morphine demand and sales in over 20 countries, highlighting the variance and unique set of conditions that are unique to every market. The study also analyzes the impact of COVID-19 on chemicals industry in general and Morphine in particular.
How will Morphine Sales Grow in 2021 and Beyond
The Morphine industry report tracks short-term and long-term growth, offering readers analysis they can use immediately to formulate their strategies.
Overall, demand for Morphine will be heavily influenced by broader developments in the chemicals sector. The Chemical Activity Barometer has shown a stable streak, which is indicative of an ascendancy in US chemicals sector. However, the US chemicals sector growth will depend to a large extent on how end-use industries fare.
Traditionally, demand from automotive sector has been key to chemical demand. The US automotive sector is set to recover in 2021 with sales expected to be in the range of 15.5 million to 16 million.
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Housing is another key demand generator for chemicals sector. The record low mortgage rates have led to momentum in the US housing sector, but it will remain to be seen whether an increase subdues the enthusiasm.
The European chemical sector is also set to recover in 2021, after contracting by 2% in 2020. Recovery is likely to be sustained with a growth of 2% also expected in 2022.
Growth of chemicals sector in Asia Pacific will also contribute to overall recovery. The resurgence of a virulent variant in India has taken the sheen away from the recovery made in 2021, but other economies in the region continue to be on the path to recovery.
The chemical sector in Japan and South Korea is also shifting toward use of green chemicals. Regulation, combined with evolving demand of end-users, is creating a market scenario that is conducive to green chemicals.
Segmentation Analysis of Morphine Market:
The global morphine market is bifurcated into five major segments: ingredient, type, application, drug type, and region.
On the basis of ingredient, morphine market has been segmented as follows:
Morphine Hydrochloride
Morphine Sulphate
On the basis of type, morphine market has been segmented as follows:
Capsule
Injection
Oral Tablets
Others
On the basis of application, morphine market has been segmented as follows:
Hydromorphone
Oxymorphone
Others
On the basis of drug type, morphine market has been segmented as follows:
Anesthesia
Cough Suppressant
Diarrhea Suppressant
Others
On the basis of geographic regions, morphine market is segmented as
North America
Europe
Latin America
East Asia
South Asia and Oceania
Middle East & Africa
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Competitive Landscape
The Fact.MR study profiles the business, product and other key strategies of the leading Morphine companies in detail. The competitive landscape section of the study tracks market leaders, incumbents, and aspirants, laying out a layered information model that readers can use. Some of the leading companies in the Morphine market include (Alcaliber S.A, Johnson Matthey Fine Chemicals, Mallinckrodt Pharmaceuticals, Pfizer Inc., Purdue Pharma L.P.)
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The Morphine Market Regional Analysis Includes:
North America (U.S., Canada)
Latin America (Mexico, Brazil, Argentina, Chile, Peru)
Europe (UK, Germany, Spain, France, Rest of Europe)
East Asia (China, Japan, South Korea)
South Asia & Oceania (India, ASEAN, Australia and New Zealand , Rest of South Asia & Oceania)
Middle East and Africa (GCC Countries, South Africa, Turkey, Rest of MEA)
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