A rise in the volume of chronic diseases, stronger awareness towards physical health, and a wave of diseases, namely, obesity and diabetes are all factors which have contributed significantly towards global demand for medication. This has led to a surplus of drug production and excipients which has contributed in the overall global pharmaceutical excipients market growth.
The excipients constitutes a large part in any medicinal product and a part of it exceeds in folds, in the pharmaceutical production, when compared to active pharmaceutical ingredients. As a result, various functions and characteristics sources, functionality, stability, regulatory status, bioavailability, consistency, cost, pharmacokinetic parameters and physicochemical properties are instrumental in regulating the aptness of a substance.
When a substance is inactive, and serves as a carrier that is devoid of any medicinal properties and in that also, plays a role in helping characteristics in the creation of a tablet is known as excipients. It encompasses every substance (except active pharmaceutical ingredient) being included to produce a medicine. The need for production of drugs encompassing excipients is expanding over the forecast time frame, due to the global demand for pharmacological products across the globe. Active pharmaceutical ingredients as well as excipients, both generate crucial components for an ideal drug delivery. Excipients allow for the particularized targeting and finally, improves the overall effectiveness of the drug. All these factors have significantly assisted in the expansion of the global pharmaceutical excipients market size.
In recent years, the market has seen augmented demand for reasonably priced and adequate quality excipients from developing nations in East Africa and Asia Pacific regions owing to rise in requirements in the regional drug manufacturing units. However, the economic scenario is different in the case of developed nations, as they have state- of-the-art manufacturing methods and techniques, wherein, demand for enhanced quality excipients is projected to expand, but at a reduced rate than that of emerging economies over the forecast period. Government-officiated policies and programs in certain countries, has contributed to the spur in medical services and drug manufacturing units in developing economies such as Kenya, Brazil, India, Nigeria and China. All these factors are predicted to revitalise the growth for the demand for excipients.
Among the key players in the global pharmaceutical excipients market includes Croda International Plc, Ashland Inc, Innophos Holdings Inc, Archer Daniels Midland Company, FMC Corporation, The Dow Chemical Company, Evonik Industries AG, BASF SE, Lubrizol Corporation, and Avantor Performance Materials Inc
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Global Pharmaceutical Excipients Market Segmentation:
By Product
• 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
~ 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
- Proteins
- Other Organic Chemicals
• Inorganic Chemicals
- Calcium Phosphate
- Metal Oxides
- Halites
- Calcium Carbonate
- Calcium Sulfate
- Other Inorganic Chemicals
• Other Chemicals
By Functionality
• Fillers & Diluents
• Suspending & Viscosity Agents
• Coating Agents
• Binders
• Flavoring Agents & Sweeteners
• Disintegrants
• Colorants
• Lubricants & Glidants
• Preservatives
• Emulsifying Agents
• Other Functionalities
By Formulation
• Oral Formulations
- Tablets
- Capsules
~ Hard Gelatin Capsules
~ Soft Gelatin Capsules
- Liquid Formulations
• Topical Formulations
• Parenteral Formulations
• Other Formulations
By Region
• Europe
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
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FutureWise Key Takeaways:
• Growth prospects
• SWOT analysis
• Key trends
• Key data-points affecting market growth
Objectives of the Study:
• To provide with an exhaustive analysis on the global pharmaceutical excipients market by type, by functionality, by formulation and by region
• To cater comprehensive information on factors impacting market growth (drivers, restraints, industry-specific restraints and opportunities)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East & Africa
• To record, evaluate and analyze competitive landscape mapping- technological advancements, product launches, expansions and mergers
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