Worldwide Pharmaceutical Excipients Market by 2018- Industry Manufacturers, Growth, Types, Applications, Drivers, Opportunities, Challenges 2024

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Pune, India — 05/17/2018 — Global Pharmaceutical Excipients Market – By Type (Organic {Oleochemicals, Artificial sweeteners, Carbohydrates, Cellulose, Starch, Petrochemicals, Inorganic},Functionality (Coatings & Films, Coloring agents, Binders, Diluents, Disintegrants, Flavoring agents, Glidants, and Lubricants), Formulations (Advanced Delivery Systems, Oral, Liquid, Parenteral, Topical) and Geography – Industry Trends and Forecast to 2024

The Pharmaceutical Excipients Market accounted to USD 7.4billion by the end of 2021growing at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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TOP Competitors of Market:

– Ashland, Inc. (U.S.),

– BASF SE (Germany),

– the Dow Chemical Company (U.S.),

– Roquette (France),

– FMC Corporation (U.S.),

– Evonik Industries AG (Germany),

– Associated British Foods Plc. (U.K.),

– Archer Daniels Midland Company (U.S.),

– Lubrizol Corporation (U.S.),

– Croda International Plc. (U.K.),

– Akzo Nobel N.V. (U.K.),

– M. Huber Corporation (U.S.),

– Merck Millipore (U.S.),

– Croda International (U.S.),

– Signet Chemicals,

– Innophos Holdings Inc.,

– WackerChemie AG and Avantor Performance Materials, Inc. (U.S.)

– among others.

Competitive Analysis:

The Pharmaceuticals excipients market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Pharmaceuticals excipients market for global, Europe, North America, Asia Pacific and South America.

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Market Definition:-

Pharmaceutical Excipients are the inert substances with active ingredient in the dosage which are used to use to prepare final formulation of drugs. It is also termed as bulking agent, diluent or filler, which may be natural or synthetic substance in the whole drug. The excipients are used to prepare the final dosage to enhance the therapeutic effect of the active ingredient, stability, or for bioavailability or patient acceptability. They help to identify the product and enhance the safety and functionality of the product during storing period. The excipients enhanced the bulkiness to the final formulations, which leads to facilities the drug absorption. Excipients are used in various medicinal products like capsules, oral liquids, implants, inhalers, tablets and transdermal patches.

Major Market Drivers:

– Increase in demand for oral pharmaceutical drugs and emergence of novel therapeutics.

– Utilization of functionality excipients to create controlled dosage forms.

– Advancements in nanotechnology to impart innovative functions to the excipients.

– Decline in R&D investments and the increasing stringency of regulatory requirements.

– Non-availability of standard quality gradation of excipients and their safety evaluation standards.

– Lack of FDA-approved manufacturing sites.

– Asia-Pacific is the emerging market as advance technology is used to manufacture new excipients.

Market Segmentation: 

– By Type

– On the basis of Functionality

– By Formulations

– On the basis of geography

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About the Author: Sidney Martin

Sidney Marin Is a researcher and law student at York University (TORONTO). He has worked as the Director of the Graduate Lawyering Program. He worked for American law firms in Moscow, Russia for three years. Hegraduated from Columbia Law School, Columbia School of International and Public Affairs and Harvard College. He research interest is in human rights and health law, with a particular focus on the law and policy of vaccination.