Global Pharmaceutical Excipients Market, by Function Binder, Lubricant, Filler, Coating, by Application Oral, Parenteral, Topical, by Product Organic Chemicals, Inorganic Chemicals - Global Forecast 2027
Global Pharmaceutical Excipient Market - Overview
With the growing advancement in the pharmaceutical industry, the need to satisfy patient’s therapeutic needs is also rising. Pharmaceutical raw materials and APIs pharmaceutical excipients are crucial for drug delivery within the body.
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Apart from active ingredients, inactive excipients play a major role in formulation development.
The global pharmaceutical excipient market consists of number of pharmaceutical drug manufacturers, healthcare providers involved in the market. The market demonstrates steady growth. Further resulting in intensified competition. Top players are investing heavily in R&D and clinical trials to develop effective products in the pharma market space.
The Global Pharmaceutical Excipient Market consist of players such as Ashland, Inc. (U.S.), BASF SE (Germany), Croda International PLC (U.K), Evonik Industries Ag (Germany), Ferro Corporation (U.S.), FMC Corporation (U.S.), kzo Nobel NV (Netherlands), P&G Chemicals (U.S.), The Dow Chemical Company (U.S.) and others. These are some of the prominent players at the forefront of competition in the global pharmaceutical excipient market and are profiled in MRFR Analysis report.
Pharmaceutical Excipients Market – Study Objective
- To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the global Pharmaceutical Excipients Market.
- To provide insights about factors affecting the market growth.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW).
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Pharmaceutical Excipients Market .
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Global Pharmaceutical Excipient Market - Regional Analysis
The global pharmaceutical excipient market is growing at a moderate rate. This market is greatly benefitted by the increased aging population in the major regions all across the world. America region captured a significant share of the global pharmaceutical excipient market. American pharmaceutical market is well established with number of major pharmaceutical companies based in this region. High demand of over the counter drugs, rising prevalence of the chronic diseases leading to the high demand for the drugs. Rise in drug development has increased demand for the pharmaceutical excipients greatly in this region.
European market is second highest revenue generator after America. Europe pharmaceutical excipient market has benefited by the presence of some major pharmaceutical companies in this region. Moreover, increasing patient pool for chronic diseases and changing over the counter drug scenario are driving the growth for Europe pharmaceutical excipient market.
Asia Pacific region is the fastest growing region in pharmaceutical excipient market owing to the rising population with the acute and chronic health problems. Pharmaceutical industry has grown tremendously in this region in last couple of decades which has definitely impacted on the growth of the pharmaceutical excipients market. Apart from that, low cost of raw materials, availability of cost-effective workforce and untapped resources it offers in terms of manufacturing facilities has boosted growth of this market in Asia Pacific region.
Middle East & Africa region is still in the growing phase with new opportunities are being created day by day. Many of the big pharmaceutical companies are expanding their business in the Middle Eastern region which has helped the growth of the pharma market in these region. Currently Middle East & Africa contributes least in the global pharmaceutical excipient market.
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