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The Pharmaceutical Excipients Market is growing at a CAGR of 6.01% during the forecast period. The pharmaceutical excipients market is fragmented due to the presence of a large number of small and large companies.
Pharmaceutical Excipients Market Overview
The market is growing at a CAGR of 6.01% during the forecast period. Major growth drivers of pharmaceutical excipients market include increasing demand for functional excipients, recent patent expirations driving demand for pharmaceutical excipients, and rapid advancements in nanotechnology. Excipients are the pharmacologically inactive substances in the formulation which aid in the manufacture of the finished pharmaceutical product. They also help transport the active pharmaceutical substance to the site of action in the body. Excipients are becoming an important aspect of tablet manufacturing because they provide improved functionality to pharmaceuticals, facilitate drug development and innovation, and help improve patent life – all at a lower cost.
Pharmaceutical Excipients Market – Geographic Overview
North America accounted for the largest share of the pharmaceutical excipient market
North America holds a significant share of the pharmaceutical excipients market and is expected to show a similar trend during the forecast period. The excipient industry in the United States is expected to evolve closely, along with advances in the pharmaceutical industry, as new active pharmaceutical ingredients are developed and new technologies are adopted (i.e. new systems drug administration). In the United States, at the macro level, increasing global demand for pharmaceuticals has fueled the growth in drug production and, consequently, the consumption of excipients.
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Main highlights of the pharmaceutical excipients market
- The pharmaceutical excipients market is fragmented due to the presence of a large number of small and large companies.
- The Asia-Pacific region experiences the fastest growth rate (CAGR) during the forecast period.
- The workbook segment under functional segmentation is expected to be the second largest market during the forecast period. The main market players, such as the Roquette Group, have manufactured several pharmaceutical binders with different degrees of solubility or dispersibility in water.
List of key players in the pharmaceutical excipients market
- BASF SE
- Roquette Frères
- Evonik Industries SA
- Associated British Foods PLC
- The Lubrizol company
- Archer Daniels Midland Company
- Croda International SA
* Non-exhaustive list
Reports and related links
Mordor Intelligence has segmented the global pharmaceutical excipients market on the basis of product type, functionality, and geography:
- Product Type (Market Size & Forecast (2018-2026) in USD Billion)
- Inorganic chemicals
- Organic chemicals
- Feature Type (Market Size & Forecast (2018-2026) in USD Billion)
- Fillers and diluents
- Suspending and viscosity agents
- Flavoring agents
- Other features
- Geography (Market Size & Forecast (2018-2026) in USD Billion)
- North America
- United States
- The rest of europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- South America
- Rest of South America
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