The rise in the number of diseases globally, the development of new drugs, technological advances for formulations ongoing new product launches, and strategic collaboration, awareness among people for better healthcare facilities are key factors contributing to the high CAGR of the Pharmaceutical Excipients market during the forecast period.
Market Size – USD 6.53 Billion in 2019, Market Growth – CAGR of 5.7% Market Trends– High manufacturing of pharmaceutical drugs
According to the current analysis of Reports and Data, the global Pharmaceutical Excipients Market valued at USD 6.53 billion in 2019 and is expected to reach USD 10.15 billion by the year 2027, at a CAGR of 5.7%. Excipients are the products that do not show any activity of the drug but facilitates the drug delivery process. The increase in the outbreak of pandemic or epidemic diseases across the globe is the primary factor for boosting the growth of the market. The problems associated with instability, poor solubility, and absorption of active pharmaceutical ingredients are driving the demand for pharmaceutical excipients. The development of nanotechnology for the administration of drugs is further boosting the growth of the market. In 2015, the amount of manufacturing of final products of drugs in Japan accounted for 6,820.4 billion yen, the amount of import was 4,022 billion yen. Increasing outbreak of life threatening diseases and increasing incidences of resistance over traditional treatment plan resulting in increasing number of final production are expected to boost the market growth.
North America has obtained remarkable growth in the market due to the awareness among the consumers for better healthcare, government initiatives for research and development of new drugs, clinical trials, and due to better facilities for healthcare in the region. However, the high cost of drug development is the primary restraint to market growth.
Key companies profiled in the report include
Ashland Global Holdings (US), BASF SE (Germany), DuPont (US), Roquette Feres (France), Evonik Industries AG (Germany), Associated British Foods (UK), Archer Daniels Midland Company (US), Lubrizol Corporation (US), Croda International (UK). Innophous Holdings (US), Kerry Group (Ireland), WACKER Chemie AG (Germany), Colorcon (US), DFE Pharma (Germany), JRS Pharma (Germany), and Air Liquide (France)
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The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Pharmaceutical Excipients market.
The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape. It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.
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Pharmaceutical Excipients Market Segmentation based on Types:
Products Outlook (Revenue in Million USD; (2017–2027)
- Organic Chemicals
- Oleochemicals
- Fatty Alcohols
- Mineral Stearates
- Glycerin
- Other Oleochemicals
- Carbohydrates
- Sugars
- Actual Sugars
- Lactose
- Sucrose
- Dextrose (D-Glucose)
- Sugar Alcohols
- Mannitol
- Sorbitol
- Other Sugar Alcohols
- Artificial Sweeteners
- Actual Sugars
- Cellulose
- Microcrystalline Cellulose
- Cellulose Ethers
- CMC and Croscarmellose Sodium
- Cellulose Esters
- Starch
- Modified Starch
- Dried Starch
- Converted Starch
- Petrochemicals
- Glycols
- Polyethylene Glycol
- Propylene Glycol
- Povidones
- Mineral Hydrocarbons
- Petrolatum
- Mineral Waxes
- Mineral Oils
- Acrylic Polymers
- Other Petrochemicals
- Glycols
- Proteins
- Other Organic Chemicals
- Sugars
- Inorganic Chemicals
- Calcium Phosphate
- Metal Oxides
- Halites
- Calcium Carbonate
- Calcium Sulfate
- Other Inorganic Chemicals
- Others
- Pharmaceutical-Grade Water
- Mucilage
- Oleochemicals
Pharmaceutical Excipients Market Segmentation based on Application:
Functionality Outlook (Revenue in Million USD; (2017–2027)
- Fillers and Diluents
- Suspending and Viscosity Agents
- Coating Agents
- Binders
- Flavouring Agents and Sweeteners
- Disintegrates
- Colorants
- Lubricants and Glidants
- Preservatives
- Emulsifying Agents
- Others
Formulations Outlook (Revenue in Million USD; (2017–2027)
- Oral Formulations
- Tablets
- Capsules
- Hard Gelatin Capsules
- Soft Gelatin Capsules
- Liquid Formulations
- Topical Formulations
- Parenteral Formulations
- Others
End Use Outlook (Revenue in Million USD; (2017–2027)
- Pharmaceutical companies
- Chemical companies
- Others
The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.
The key geographical regions analyzed in the market report are:
- North America (U.S.A., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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Benefits of Pharmaceutical Excipients Market Report:
- In-depth understanding of the market size, market share, and market scope of Pharmaceutical Excipients market
- Easy identification of growth opportunities and key product development strategies
- Historical and forecast data for Pharmaceutical Excipients market to ease the decision making process
- Production and consumption ratio, import/export data and company’s market position explained in detailed with graphs and charts to aid in decision making
- Strategic recommendations to established players and new entrants to gain a strong foothold in the market
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