A recent report published by Infinium Global Research on
pharmaceutical excipients market provides in-depth analysis of segments and
sub-segments in global as well as regional pharmaceutical excipients market. The study also highlights the impact of drivers, restraints and macro
indicators on the global and regional pharmaceutical excipients market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of global pharmaceutical excipients market.
According to report, the global pharmaceutical excipients market is projected to
grow at a CAGR of 5.5% over the forecast period of 2018-2024.
Pharmaceutical Excipient is an
inactive substance formulated alongside the active pharmaceutical ingredient of a
medication. This excipient has no medicinal properties. Its standard purpose is
to streamline the manufacture of the drug product and ultimately facilitate
physiological absorption of the drug. Excipients serve various purposes such
as it provides bulk to the formulations, it facilitates drug formation, aid in handling
of API during manufacturing, provide stability and prevent from denaturation
and much other pharmaceutical consideration
Different excipients perform
different functionality in relevance to their pharmaceutical product
formulations. There are more than 20 categories of excipients. The top 5 most
relevant categories of excipient are coatings, acids, solvents, binders, and
emulsifiers. Coating and binders are commonly used in oral solid dosage forms such as tablets and capsules, while solvents, emulsifiers, and buffers are
prevalent in topical products. Thus increasing demand for functional excipients
coupled with growth in the pharmaceutical industry to drive the pharmaceutical
excipients market. However stringent government regulations and lengthy FDA process
approvals are likely to affect the growth of the pharmaceutical excipients
market. Continuous research and development activities in developing new
excipients functionalities and enhancing existing excipient functionalities
will further help to create future growth opportunities.
Among the geographies, Europe
held the largest market share of the pharmaceutical excipients market in 2017,
followed by North America. Europe accounted for the highest market share owing to
the presence of well-established pharmaceutical companies such as Novartis and
Roche, whose large production capacities lead to the high quantity of excipient
consumption. Asia pacific is expected to grow at the highest CAGR during the
forecast period on account of improving healthcare infrastructure coupled with
increase in the penetration of health care insurance in Asia pacific countries
The report on global pharmaceutical excipients market covers
segments such as type and functionality.
On the basis of type, the global pharmaceutical excipients market is
categorized into organic and inorganic. On the basis of functionality the
global pharmaceutical excipients market is categorized into binders &
fillers, coating agents, disintegrants, flavoring agents and colorants, lubricants
and glidants, sweeteners, preservatives & antioxidants, and others.
The report provides regional analysis covering geographies such
as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period
of 2016-2024. The countries covered in the North America region include the
U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India,
South Korea, Malaysia, and among others. Moreover, Germany, U.K., France,
Spain and Rest of Europe are included in the European region. The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018-2024.
The report provides profiles of the companies in the global
pharmaceutical excipients market such as BASF, Ashland Global Specialty
Chemicals Inc., The Dow Chemical Company, Roquette, Evonik Industries, Archer
Daniels Midland, Associated British Foods, Lubrizol Chemical Company, and Kerry Group.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global
pharmaceutical excipients market. Moreover, IGR-Growth Matrix analysis given in
the report brings an insight into the investment areas that existing or new
market players can consider. The report provides insights into the market using
analytical tools such as Porter's five forces analysis and DRO analysis of
pharmaceutical excipients market. Moreover, the study highlights current market
trends and provides forecast from 2018-2024. We also have highlighted future
trends in the pharmaceutical excipients market that will impact the demand
during the forecast period. Moreover, the competitive analysis given in each
regional market brings an insight into the market share of the leading players.
This report will help manufacturers, suppliers, and distributors of the
pharmaceutical excipients market to understand the present and future trends in
this market and formulate their strategies accordingly.