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Trientine Hydrochloride Market By Application (Epoxy Curing, Wilson’s Disease) - Growth, Future Prospects, Competitive Analysis, and Forecast 2016 - 2023

Trientine hydrochloride is a liquid-based polyamine that was first characterized by a German scientist named A.W. Hofmann in the year 1860–1862. He came across trientine hydrochloride when he was studying his research topic, amine chemistry, in London at the Royal College of Chemistry. The British Pharmacopoeia Commission selected trientine in 1978 as the British-approved name for pharmaceutical-grade triethylenetetramine. In all countries except the U.S., the dihydrochloride salt of triethylenetetramine is named trientine dihydrochloride. The U.S. confusingly approved the name trientine hydrochloride for the same product.

Trientine hydrochloride, also known as trientine dihydrochloride, is a white to pale yellow crystalline hygroscopic powder that is soluble in methanol and water but insoluble in ether and chloroform. It is known in the industry for its use as a chelating compound in the removal of excess copper that accumulates in the human body. Based on applications, the global trientine hydrochloride market is segmented into epoxy curing and Wilson's disease. Among these, Wilson's disease accounted for a major share of the market and is expected to increase in the near future. Trientine hydrochloride is widely used for the treatment of trientine hydrochloride and hence is expected to experience high demand from the global market. Epoxy curing is also expected to boost the growth of the global trientine hydrochloride market in the near future.

Asia Pacific accounted for the largest market for trientine hydrochloride in 2015 and is anticipated to retain its position in the near future. Europe followed Asia Pacific in terms of demand and is expected to fuel demand for trientine hydrochloride in the near future. Other regions, such as North America, Latin America, the Middle East, and Africa, are also expected to boost high demand for trientine hydrochloride during the forecast period from 2016 to 2023.

The trientine hydrochloride market was valued at US$ 423.4 million in 2015 and is expected to reach US$ 752.9 million by 2023, growing at a CAGR of 7.5% during the forecast period of 2016–2023.

Purpose of the Report

The purpose of this strategic research study titled "Global Trientine Hydrochloride Market: Growth, Future Prospects, Competitive Analysis, and Forecast, 2016–2023" is to provide company executives, industry investors, and industry participants with in-depth insights to enable them to make informed strategic decisions regarding the opportunities in the global trientine hydrochloride market.

Target Audience

  • Industry Investors
  • Trientine hydrochloride providers and vendors
  • Research Professionals
  • Emerging Companies
  • Raw Material Suppliers and Buyers
  • Product Suppliers and Buyers
  • Research Institutes

Overall, the research study provides a holistic view of the global trientine hydrochloride market in terms of growth, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above-mentioned factors.

On the basis of its application, the trientine hydrochloride market is categorized into the following segments:

  • Epoxy Curing
  • Wilson's Disease

 Trientine hydrochloride is a liquid-based polymer that was first characterized by a German scientist named A.W. Hoffman in the years 1860–1862. He came across trientine hydrochloride when he was studying his research topic, trientine hydrochloride, in London at the Royal College of Chemistry. Trientine hydrochloride is an organic compound that is used for applications in the medical and chemical industries. Based on applications, the trientine hydrochloride market is segmented into epoxy curing and Wilson's disease. Among these, Wilson's disease accounted for a major share of the global trientine hydrochloride market. In Wilson's disease, the liver fails to filter copper, and hence, copper accumulates in the brain, liver, eyes, and other organs of the body.

Accumulation of copper in these parts of the body can be fatal, leading to damage to organs and possibly death. Trientine hydrochloride, also known as trientine dihydrochloride, is a white to pale yellow crystalline hygroscopic powder that is soluble in methanol and water but insoluble in ether and chloroform. It is known in the industry for its use as a chelating compound in the removal of excess copper that accumulates in the human body. Hence, high demand is reported for trientine hydrochloride from the pharmaceutical industries worldwide. Epoxy curing is also anticipated to boost demand for trientine hydrochloride during the forecast period from 2016 to 2023.

On the basis of geography, the global trientine hydrochloride market is segmented into the following categories:

  • North America
  • U.S.
  • Canada
  • rest of North America
  • Europe
  • Germany
  • France
  • UK
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Latin America
  • Brazil
  • Mexico
  • rest of Latin America
  • Middle East and Africa

Asia Pacific accounted for a major share of the global trientine hydrochloride market in 2015. It accounted for more than 47.0% of the global trientine hydrochloride market. The growing demand for trientine from the pharmaceutical industries in the region is one of the major factors driving the demand for the global trientine hydrochloride market. China accounted for the largest country for the growth of the trientine hydrochloride market in the Asia Pacific. Rising awareness regarding health among the population in developing economies has promoted the growth of the global trientine hydrochloride market. Hence, high demand is reported for trientine hydrochloride from Asia Pacific and is expected to increase during the forecast period.

Europe accounted for the second largest market for trientine and is expected to boost the high growth of the global trientine hydrochloride market. Increasing healthcare industries in the region have led to high demand for pharmaceutical products in the region. The growing number of patients suffering from Wilson's disease in the region is another factor boosting market demand for trientine hydrochloride, as it is used in curing the disease. Therefore, Europe is expected to boost the growth of the global trientine hydrochloride market in the near future. Other regions, such as North America, Latin America, the Middle East, and Africa, are also expected to fuel high demand for trientine hydrochloride during the forecast period from 2016 to 2023.

Frequently Asked Questions:

The market for Trientine Hydrochloride Market is expected to reach US$ 0.75 Bn in 2023.

The Trientine Hydrochloride Market is expected to see significant CAGR growth over the coming years, at 7.5% .

The report is forecasted from 2016-2023.

The base year of this report is 2015.

Albany Molecular Research Inc. 56,SMIQ Pharma 58,Sigma-Aldrich Co. LLC. 59,Valeant Pharmaceuticals International Inc. 60,SGPharma Pvt. Ltd. 62 are some of the major players in the global market.

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Godaddy
Published Date:  Sep 2016
Category:  Pharmaceuticals
Report ID:   58081
Report Format:   PDF
Pages:   120
Rating:    4.3 (65)
Delivery Time: 24 Hours to 48 Hours   
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