Global Pharmaceutical Excipients Market Growth Drivers Research 2023

The pharmaceutical excipients market is expected to reach USD 8.53 billion by 2023 from USD 6.40 billion in 2018, at a CAGR of 5.9%. The overall growth of the pharmaceutical excipients market is largely driven by the growing pharmaceutical market along with the advancements in functional excipients, growing generics market, rapidly growing bio pharmaceuticals sector, emergence of multi functional & co-processed excipients, shifting focus of pharmaceutical manufacturing to emerging markets, and the growing biosimilar industry.

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Pharmaceutical Excipients are crucial to drug delivery within the body. Generally, an 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 might aid in lubricity, flowability, disintegration, taste and may confer some form of antimicrobial function.

Market Overview

1 Introduction

2 Market Dynamics

3 Market Drivers

4 Growth of the Pharmaceuticals Market Backed By Functional Excipients

5 Surge in the Generics Market

6 Increasing Uptake of Biopharmaceuticals

7 Market Restraints

8 Cost and Time-Intensive Drug Development Process

9 Increasing Regulatory Stringency

10 Market Opportunities

On the basis of functionality, the pharmaceutical excipients market is segmented into fillers & diluents, binders, suspending& viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifying agents, and other functionalities. The lubricants & glidants segment is expected to grow at the highest CAGR during the forecast period.

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Geographically, the pharmaceutical excipients market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2017, Europe commanded a major share of the pharmaceutical excipients market. However, Asia Pacific is expected to witness the highest growth during the forecast period.

Pharmaceutical Excipients Market, By Type of Formulation

1 Introduction

2 Oral Formulations

3 Tablets

4 Capsules

5 Hard Gelatin Capsules

6 Soft Gelatin Capsules

7 Liquid Formulations

8 Topical Formulations

9 Parenteral Formulations

10 Other Formulations

Click Now for More Details on “Pharmaceutical Excipients Market by Type (Organic chemical (Carbohydrate, Petrochemical), Inorganic chemical), Functionality (Filler, Coating, Disintegrant, Binder), Formulation (Tablet, Capsule, Topical, Parenteral) – Global Forecast to 2023”report at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=125037 .

The significant growth of the Asia Pacific market is mainly attributed to the low labor and manufacturing costs in China and India, cost-effective outsource manufacturing processes, increasing generic drug manufacturers, and less stringent regulations.

Break of primary participants:

By Company Type – Tier 1: 45%, Tier 2–33%, and Tier 3–22%

By Designation – C Level: 43%, Director Level: 38%, and Others: 19%

By Region – North America: 41%, Europe: 30%, Asia Pacific: 23%, and Rest of the World: 6%

The players competing in this market are Dow DuPont (US), Ashland (US), BASF (Germany), Roquette (France), Evonik (Germany), Associated British Foods (UK), Archer Daniels Midland Company (US), Lubrizol (US), Croda (UK), Innophous Holdings (US), Kerry Group (Ireland), WACKER CHEMIE (Germany), and Signet (India).

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms in garnering a greater market, share. Firms purchasing the report could use any one or combination of the below-mentioned five strategies for strengthening their market position.

List of Tables

1 Drugs Coming Off-Patent
2 Key Market Drivers: Impact Analysis
3 Key Market Restraints: Impact Analysis
4 Multifunctional Excipients
5 Clinical Studies for Biologics & Biosimilars (2017)
6 Key Market Opportunities: Impact Analysis

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