Platinum-based drugs contain coordinated complexes of platinum. These are widely used in the treatment of cancer as chemotherapeutic agents. Platinum acts as cell damaging agent for certain cancer treatments. Approximately 10% to 20% patients treated with chemotherapy receive platinum-based drugs. These drugs are used either alone or in combination with other drug treatment. Rise in prevalence of cancer is a major driver of the global platinum-based drugs market. According to the National Cancer Institute, the number of new cancer cases per year is expected to rise to 23.6 million by 2030. However, side effects associated with the drugs and development of resistance for the drug are the major restraints of the global platinum-based drugs market. Recent trends in platinum-based drugs include development of platinum drugs analog such as platinum complexes with carrier molecule in order to increase targeted concentration of drug in cancer tumor.
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The global platinum-based drugs market can be segmented based on product type and application. In terms of product type, the platinum-based drugs market can be classified into cisplatin, carboplatin, oxaliplatin, and others. Cisplatin is the most common platinum-based drug used in the treatment of certain malignancies. It is particularly effective in testicular cancer and is administered intravenously. Carboplatin, a derivative of cisplatin, is used to treat various cancers including ovarian, lung, brain, and others. Oxaliplatin is used in colorectal cancer and usually administered in combination with other chemotherapeutic agents. It is used primarily for cancers that do not respond to cisplatin. The Cisplatin segment held the largest share of the market in 2017 and is expected to sustain its leadership position during the forecast period. Based on application, the global platinum-based drugs market can be divided into testicular cancer, ovarian cancer, colorectal cancer, lung cancer, and others. The lung cancer segment dominated the market in 2017 due to high prevalence of lung cancer among the global population. According to the WHO, cancer is the second leading cause of death globally, and accounts for an estimated 9.6 million deaths in 2018, including lung cancer accounting for 2.09 million cases. The segment is expected to continue to dominate the market from 2018 to 2026.
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In terms of region, the global platinum-based drugs market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2017 due to high prevalence of cancer in the region, developments in platinum-based drugs, and recent FDA approvals. According to the National Cancer Institute, an estimated 1,735,350 new cases of cancer will be diagnosed in the U.K. and 609,640 people will succumb to the disease in 2018. The market in Asia Pacific is anticipated to expand at the highest CAGR owing to rise in prevalence of diseases, surge in awareness, increase in per capita income, and improvement in health care infrastructure.
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Major players operating in the platinum-based drugs market include Pfizer, Inc., Sanofi, Ask-Pharma, Mylan N.V., Sun Pharmaceutical Industries Ltd., Novartis AG, Accord Healthcare, Guizhou YiBai Pharmaceutical Co., Ltd., Teva Pharmaceutical Industries Ltd., Qilu Pharmaceutical Co., Ltd., SK Chemicals, Debiopharm Group, Dr. Reddy’s Laboratories Ltd., and Jiangsu Hengrui Pharmaceutical Co., Ltd.
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The global chloromethane market is projected to witness a consistent 4% CAGR during the forecast period of 2019 to 2027, says a recent report by Transparency Market Research.
The growth of the market is accounted by the widespread application of chloromethane in water treatment industry where the compound is used to treat the water to make it available for further use.
Consequently, the demand for several products from chloromethane market is also expected to skyrocket in coming years.
This growth is attributed to the benefits these products offer to the industries.
This extensiveness of the application of the compound is also expected to boost its demand, which further is expected to boost the growth of global chloromethane market in coming years between 2019 and 2027.Methyl Chloride Segments Dominates the MarketThe methyl chloride market under product category is expected to dominate the global chloromethane market during the forecast period of 2019 and 2027.
Moreover, the growing demand of the product in research labs and pharmaceutical companies is also a major factor that boosts the growth of global chloromethane market from 2019 to 2027.View exclusive Global strategic Business report: https://www.transparencymarketresearch.com/chloromethane-market.html Asia Pacific Establishes its Dominance in the MarketAsia Pacific dominated the global chloromethane market in 2018 and anticipated to continue its dominance in the coming years.
A new report published by the Transparency Market Research (TMR) states that the global market for melamine market is fragmented in structure with top seven prominent players accounting for more than 50% of the overall market in 2014.
Grab an exclusive sample of this report hereAs per TMR, the revenue generated by the global market for melamine market likely to touch valuation of US$1.72 bn.This market is expected to touch a valuation of US$2.49 bn by the end of 2023.The global market for melamine market is likely to expand at a CAGR of 4.305 during the period ranging from 2015 till 2023.Rising Consumer Demand for Laminates & Wood Adhesives Expected to Boost GrowthBased on application, the global market for melamine is bifurcated into paints and coatings, laminates and wood adhesives, and molding powder.
Among all these application segment, laminates and wood adhesives account for maximum share in the global melamine market which is further followed by molding powder.
The growth of the laminate and wood adhesives mainly depends upon the maximum consumer demand.
On the basis of geography, Asia Pacific likely to dominate the global market for melamine on account of maximum demand for the laminates and wood adhesives in the region.For more actionable insights into the competitive landscape of global market, get a customized report here.Increasing Demand from Automotive Industry Likely to Drive GrowthThe global market for melamine expected to witness significant growth owing to increasing demand from the automotive industry.
Furthermore, increasing utilization of melamine in high resistance carbon and nanotubes are key factor boosting growth of this market.Favorable government policy for the industry and increasing infrastructure development is key factor contributing to the growth of this market in Asia Pacific region.
The presence of several large and small scale companies has rendered the global phenoxyethanol market highly competitive.
In order to make a cut amidst fierce competition, most companies operating in the China market are going an extra mile to undertake scientific researches.
Grab an exclusive PDF sample of this report hereIn the study TMR profiles some of the leading companies operating in the global phenoxyethanol market, which include BASF SE, The Dow Chemical Company, Ashland Inc., Procter & Gamble Co. (P), and others.
Going forward it is forecast to exhibit rising demands for phenoxyethanol.Regionally, Asia Pacific held sway over the global phenoxyethanol market.
Is something restraining your company’s growth in the Phenoxyethanol Market market?
Ask for the report brochure hereRising Spending on Discretionary Products Fuels demand for PhenoxyethanolRising spending by consumers on discretionary items gives the biggest fillip to the global phenoxyethanol market.
