Methylene Blue Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI1532
Global Methylene Blue Market size is anticipated to witness a moderate growth rate in the forecast period. The aromatic compound is also recognized by various other names including urolene blue, vitablue, panatone and desmoid piller. Its growth is attributed to its multiple applications in diverse industries such as aquaculture, pharmaceutical, and chemical.
Methylene blue has major application in chemical industry. It is used as a redox indicator in analytical chemistry. The compound is also blended in Fehling’s solution to reduce its sugar content and make it visible. It is also helpful in detecting the presence and absence of oxygen. It has applications in minor quantity in volumetric analysis and titrations. Chemical industry had registered a healthy growth in last decade owing to its usage in wide range of products such as agrochemicals, synthetic rubber, plastics, pharmaceutical products, paper and fabrics. Increasing usage of chemicals is projected to augment methylene blue market in the forecast period.
Methylene blue gets a characteristic blue color on mixing it with water from its natural green color. This characteristic color of the compound makes it suitable in medical applications to perform medical surgeries and tests, as this color of the compound covers bodily tissues and fluids making them easily visible. Methylene blue acts like hemoglobin in blood, that distributes and transports oxygen to organs and tissues. Similar function of the compound as that of hemoglobin is used for treating various medical conditions.
Methylene blue depicts characteristics of mild antiseptic, that can kill bacteria inside the body, especially in combination with other treatments. This property of the compound is used for effective treatment of various medical conditions. The compound is witnessing an increasing demand for the treatment of urinary tract infections along with other mild infections. It is even used to cure carbon monoxide poisoning, cancer, malaria and skin diseases such as alzheimer’s disease, and psoriasis. Methylene blue has a considerable consumption in the treatment of parkinson’s disease, swine flu and parasites. Escalating pharmaceutical industry due to growing unhealthy and unhygienic environment and multiple applications of the compound in this industry is expected to augment methylene blue market during the forecast timeframe.
Apart from medical and chemical industry the compound has applications in manufacturing of different grades of dyes. These dyes are used in textile industry for dyeing wool and cotton. Another grade of dye also helps in detection and identification of bacteria in biological industry. Bacteria’s are colorless and a drop of this compound detects bacteria under microscope. The “Methylene Test” or “Blue Test” is conducted to determine geotechnical cleanliness of floor, granules and sand. Increasing adoption of the compound in textile and biological industry will boost methylene blue market in near future.
On the basis of application, the market is segmented as redox indicator, preparation of Fehling’s solution, titrations, volumetric analysis, medical tests and surgeries, antiseptic, dye manufacturing, and identification of bacteria. Based on end-user industries, the market is classified into pharmaceutical, textile, biological, and chemical.
Asia Pacific had contributed considerably in global methylene blue market in recent years. Textile industry, especially western fabrics had witnessed a considerable growth in India, China, Thailand, and Vietnam. Business friendly policies of government regarding foreign direct investments is attracting various industries in developing countries of the region. India has been a major consumer of agrochemicals owing to its agrarian economy that has boosted chemical industry in Asia Pacific. North America is recognized worldwide for its pharmaceutical industry. Leading global drugs manufacturing companies such as GlaxoSmithKline, Actavis, Sanofi, Merck & Co, Novartis, Pfizer and Johnson & Johnson are based in the U.S. This has made the region a substantial contributor in global methylene blue market. Chemical industry is witnessing a booming period in Germany, Spain, Italy and other small countries in Europe. Growth of this industry is associated with increasing demand of polyester, plastics, composites and synthetic rubber in automobile industry.
Prominent manufacturers of methylene blue are Canada wide Scientific, Caledon Laboratories, Bio-Rad Laboratories, Alfa Aesar, ACP Chemicals, Chem Industries, A & C American Chemicals, COSMO Pharmaceuticals, MACSEN GROUP, Belami Laboratory & Fine Chemicals, Shreeji Pharma, DAIICHI SANKYO COMPANY, Sakshi Dyes and Chemicals and VANSHI CHEMICALS PVT.
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