Global Pharmaceutical Excipients Market Outlook, Opportunities And Strategies
Learn about the global pharmaceutical excipients market through The Business Research Company, which provides information on pharmaceutical excipients market size, pharmaceutical excipients market drivers and restraints, pharmaceutical excipients market players, the COVID-19 impact on the pharmaceutical excipients market, and more.
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The global pharmaceutical excipients market is expected to grow from $6.21 billion in 2020 to $6.58 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pharmaceutical excipients market is expected to reach $8.68 billion in 2025 at a CAGR of 7%.
The global surge in the sale of generic drugs is expected to drive innovation in pharmaceutical excipients manufacturing, thus driving the market during the forecast period.
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The pharmaceutical excipients market consists of sales of pharmaceutical excipients and related services. The excipient is a substance, not an active pharmaceutical ingredient (API) that has been evaluated for safety, and intentionally added in a drug delivery system. Excipient’s major roles are to protect, support, enhance stability, bioavailability, patient acceptability, and assist in the effectiveness. The market consists of revenue generated by the company’s manufacturing the pharmaceutical excipients by the sales of these excipients.
Global pharmaceutical excipients market segments include:
By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavouring Agents And Sweeteners, Disintegrants, Colorants, Lubricants And Glidants, Others
By Type Of Formulation: Oral Formulation, Topical Formulation, Parental Formulation
By Product: Inorganic Chemicals, Organic Chemicals
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
The increase in research and development in the pharmaceutical formulation to enhance the production process and product quality by using multi-functional excipients is a trend shaping the market. Excipients play a significant role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment effectiveness.
TBRC’s pharmaceutical excipients market report covers:
Major Market Players: Archer Daniels Midland Co., Associated British Foods, Dow Chemical Company, Evonik, Croda International Plc, Ashland, BASF SE, The Lubrizol Corporation, and Roquette Frères.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Pharmaceutical Excipients Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides pharmaceutical excipients market overviews, analyzes and forecasts market size, share, pharmaceutical excipients market players, pharmaceutical excipients market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s pharmaceutical excipients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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