- The growing pharmaceutical industry worldwide, driven by an increasing global population and prevalence of diseases, generates higher demand for pharmaceutical ingredients such as sodium lactate used in various formulations
- Sodium lactate's ability to extend the shelf life and enhance stability in pharmaceutical formulations, especially in parenteral solutions, injectables, and oral medications, is a significant driver for its use in the industry
- The injection segment dominated the market with the largest revenue share of 42.6% in 2024, owing to its widespread use in intravenous (IV) fluid therapy for rehydration, electrolyte balance, and as a carrier for medications
