Felton, 29 November
2019 - Excipients Market is estimated to
reach US$ 6.9 billion by 2025 and is anticipated to grow with a CAGR of 6.02%
throughout the forecast period. An excipient is an active ingredient of
medication for long-term stabilization and for bulking up solid formulations.
Also, exclusively used in the manufacturing process for handling the active
substance like facilitating powder flowability.
The factors that are playing a major role in the growth of
excipients industry are the rising reach of generic medicines, the high demand
for newer excipients, the developing generics market, and the rising demand
from end-users. However, the rising regulatory stringency and the high cost
& time-consuming process may restrain the overall market in the years to
come. Excipients market is segmented based on product type, formulation, and
region.
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Gelatin, polymers, minerals, alcohols, and sugars are the
product types that could be explored in excipients industry in the forecast
period. Polymers sector comprises acrylic polymers, MCC, polyethylene glycol,
HPMC, sodium starch glycolate, ethyl cellulose, and others. Minerals sector
comprises titanium dioxide, calcium phosphate, silicon dioxide, calcium
carbonate, and others. Whereas, alcohols sector comprises mannitol, glycerin,
sorbitol, propylene glycol, and others. Sugars sector comprises sucrose and
lactose.
Polymers sector accounted for the substantial share of
excipients market in terms of volume and revenues and is estimated to lead the
overall market in the years to come. The reason behind the overall market
growth could be the high demand from pharma sector and its rising use in
several dosage forms like tablets, suspensions, and capsules. In addition,
sugars sector is estimated to grow at the fastest pace in the years to come.
Based on the formulation, parenteral, oral, topical,
capsules formulations, and others could be explored in excipients industry in
the forecast period. The oral route of administration accounted for the
substantial market share of excipients and is estimated to continue its
dominance in the years to come. This may be because it is a traditional and
common way for drug delivery.
Globally, Europe accounted for the substantial share of
excipients market and is estimated to lead the overall market in the years to
come. The reason behind the overall market growth could be the rising demand
for pharmaceuticals and the presence of European medicines agency scientific
guidelines on excipients.
The key players of excipients industry are Finar Limited,
Eastman Chemical Corporation, DFE Pharma, P&G Chemicals, Shin-Etsu Chemical
Co., Ltd., Avantor Performance Materials, LLC, JRS Pharma, Huntsman
Corporation, Valeant, BASF SE, Lubrizol Corporation, Ashland Inc., Colorcon
Inc., and FMC Corporation. These players are concentrating on inorganic growth
to sustain themselves amidst fierce competition.
Regional Outlook
(Volume, Tons; Revenue, USD Million, 2012 - 2025)
• North America
• U.S.
• Canada
• Europe
• Germany
• Asia Pacific
• Japan
• Latin America
• Brazil
• Middle East
& Africa
• South Africa
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