Global Pharmaceutical Excipients Market Insights, Size and Growth Forecast To 2024

 

Pharmaceutical excipients are inert substances, other than the pharmacologically active drug, which are included in the manufacturing process or are present in the pharmaceutical product dosage form. Excipients are widely used in drug formulation to provide long-term stability, add bulkiness to solid formulations and facilitate drug absorption. They also enhance the overall safety or functionality of the product during storage or use. The global excipients market size was estimated at USD 4.3 billion in 2016. The growing pharmaceutical market along with the advancements in functional excipients, growing generics market propelled by the patent cliffs, and the rapidly growing biopharmaceuticals sector are the major factors driving the growth of the market. 

Factors such as the emergence of multifunctional & co-processed excipients, shifting focus of pharmaceutical manufacturing to emerging markets, and the growing biologics and biosimilar industry also present significant opportunities for the growth of excipients. The Excipients market was valued at USD 8.2 billion in 2024, registering a CAGR of 6.4%, during the forecast period (2018-2024). Excipients have been recognized to provide better functionality and competitive advantage in drug formulations and this has contributed to their increased usage by pharmaceutical firms in recent years. Ongoing research on and discovery of ideal or near ideal substances that can be used in drug formulations and delivery has given the market a definite boost. Another factor that contributes toward global growth is that most pharmaceutical firms have been busy in development of more sophisticated excipients with enhanced role in drug delivery. 

The world pharmaceutical excipients market is driven by the increase in demand for oral solid pharmaceutical drugs and emergence of novel therapeutics on account of the upsurge in the number of pharmaceutical industries. The amalgamation of drug formulation and nanotechnology in excipients has led to the development of nano-coated tablets, nano-derived liposomes, and vaccines. In addition, several companies have targeted the emerging economies for expansion of their plants for manufacturing pharmaceutical excipients, preservatives, glycerin and Fatty Acids owing to cost-effective labor. However, higher production cost and stringent government regulations are likely to impede the overall growth.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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REPORT HIGHLIGHTS

  • Overview of key market forces propelling and restraining market growth
  • Provide consumption, current & past status & also the forecasting up to 2024.
  • Provide complete overview including type, application & forecast region.
  • Provide focused analysis of key manufacturer with their production volume, market share & also help to identify market competition landscape with SWOT analysis.
  • Historical, current and projected market size in terms of volume and value.
  • Analyze the global & regional potential market, advantages, risk & opportunity.
  • Identify significant trends and factors driving or inhibiting market growth.
  • In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.

THE REPORT COVERS INGREDIENT ANALYSIS ON PRODUCT TYPE

  • Polymers
    • Ethyl Cellulose
    • Methyl Cellulose
    • Hydroxy Propyl Methyl Cellulose
    • Povidone
    • Crosscarmellose Sodium
    • Pregelatinized Starch
    • Sodium Starch Glycolate
    • Polyethylene Glycols
    • Acrylic Polymers
  • Minerals
    • Calcium Phosphate
    • Calcium Carbonate
    • Clay
    • Silicon Dioxide
    • Titanium Dioxide
    • Others (Magnesium Oxide, Clay Kaolinite, Phyllosilicates)
  • Alcohols
    • Glycerin
    • Propylene Glycol
    • Sorbitol
    • Mannitol
    • Others (Benzyl Alcohol, Menthol, Polyvinyl Alcohol)
  • Sugars
    • Lactose
    • Sucrose
    • Others (Maltodextrin, Cyclodextrin, Dextrose, Saccharin)
  • Petrochemicals
    • Petrolatum
    • Mineral Waxes
    • Mineral Oils
    • Others (Paraben, Paraffin)
  • Oleochemicals
    • Fatty Acids
    • Mineral Stearates
    • Others (Quaternary Ammonium Salts, Triacylglycerols)
  • Proteins

THE REPORT COVERS EXCIPIENT MARKET ANALYSIS ON FUNCTION

  • Fillers & Diluents
  • Fillers & Diluents
  • Suspending & Viscosity Agents
  • Coating Agents
  • Binders
  • Disintegrants
  • Flavoring Agents & Sweeteners
  • Lubricants & Glidants
  • Colorants
  • Preservatives
  • Emulsifying Agents
  • Other Functionalities

THE REPORT COVERS EXCIPIENT MARKET ANALYSIS ON FORMULATION

  • Oral Formulation
  • Tablets
  • Capsules
  • Hard Gelatin Capsules
  • Soft Gelatin Capsules
  • Liquid Formulations
  • Topical Formulations
  • Parenteral Formulations
  • Other Formulations

THE REPORT COVERS EXHAUSTIVE ANALYSIS ON

  • Market Segments
  • Market Dynamics
  • Brands in Market
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Forecasting
  • Technology

THE REPORT INCLUDES REGIONAL ANALYSIS ON

  • Asia-Pacific (China, India, South Korea, Taiwan & Rest of Asia Pacific Available)  
  • Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available  
  • North America (Canada, US, Mexico, Guatemala & Rest of North America Available)  
  • South America (Paraguay, Bolivia, Peru Argentina & Rest of South America Available)  
  • Middle East & Africa (GCC Countries, South Africa, Ghana, Egypt, North Africa& Rest of MEA Available) 
  • Oceania & Australia

TOP PLAYERS IN PHARMACEUTICALS EXCIPIENTS INDUSTRY

  • Eastman Chemical Corporation 
  • Evonik
  • Associated British Food Plc
  • Dowdupont
  • Kerry
  • Evonik Industries 
  • Innophos Holdings 
  • Wacker Chemie
  • P&G 
  • Avantor Performance Materials, LLC
  • Huntsman Corporation
  • BASF SE
  • Ashland Inc.
  • FMC Corporation
  • Merck Millipore
  • Dow Chemical Corporation
  • Archer Daniels Midland
  • AkzoNobel
  • Roquette
  • Colorcon Inc.
  • Lubrizol Corporation
  • Valeant
  • JRS PHARMA
  • Shin-Etsu Chemical Co., Ltd
  • FINAR Ltd.
  • Croda International plc
  • DFE pharma

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