Pharmaceuticals Excipients Market is estimated to reach $8.9 billion by 2024; growing at a CAGR of 6.6% from 2016 to 2024. Pharmaceutical excipients are substances other than the pharmacologically active drug or prodrug which are included in the manufacturing process or are contained in a finished pharmaceutical product dosage form. The excipients control the release of drug in early assimilation process in places where it could cause problem like gastric irritation or stomach upset and damage tender tissues. It is also being used as an agent to increase solubility, enhancing therapeutics effects and as a stabilizing substance in a drug. Recently, pharmaceutical industry has seen usage of excipients in the manufacturing and handling process of a drug and in preservation of in-vitro integrity and stability of drugs.
The global pharmaceuticals excipients market is currently at its blooming stage. The growth of pharmaceutical excipients market is attributed to the factors such as increase in demand of oral solid pharmaceutical drugs and companies effort to improve the efficiency and delivery of drugs. However, pharmaceutical excipients industry is highly regulated industry by government laws and regulation and production of excipients is a costly affair. These factors are currently hampering the growth of industry. The opportunity of pharmaceutical excipients industry is the growth of nano technology.
The global pharmaceutical excipients market is segmented on the basis of type, functionality and geography. By type market segment is further segmented into organic excipients and inorganic excipients. Organic excipient is also diversified into carbohydrates and petrochemicals. Inorganic excipients are further classified into metal oxides, calcium carbonates, calcium phosphates and halites. By functionality market is segmented into flavoring agents, binders, coatings, preservatives, viscosity agents, lubricants and others.
Geography segment includes North America, Europe, Asia-Pacific, and rest of the world (RoW). North America is further bifurcated in U.S., Canada, and Mexico whereas Europe segment consist of Germany, France, U.K., Spain and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia- Pacific, while RoW is bifurcated into South America, Middle East, and Africa.
Some of the major companies in global pharmaceutical excipients market are Ashland, Inc., BASF SE, Associated British Foods Plc, Akzo Nobel N.V., Evonik, Merck, J.M. Huber Corporation, Dow Chemical’s Corporation, Merck Millipore, Croda International, and Archer Daniels Midland.
The key takeaways from the report
The report will provide detailed analysis of pharmaceuticals excipients market with respect to major segments such as type and functionality of the market.
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024.
Comprehensive analysis of market dynamics including factors and opportunities.
An exhaustive regional analysis of pharmaceuticals excipients market.
Profile of key players of the pharmaceuticals excipients market, which include key financials, product & services and new developments.
Scope of Pharmaceuticals Excipients Market
Rest of Europe
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