Pharmaceutical Excipients Market projected to grow with significant CAGR over the forecast period
Posted: May 07, 2018
Global Pharmaceutical Excipients Market:
Pharmaceutical excipients are the ingredient which is added to the active pharmaceutical drug to produce final dosage form. The excipients provide bulkiness to the formulation, facilitates absorption of the drug, provides stability and prevent the drugs from denaturation. Pharmaceutical excipients are cost-effective, stable, feasible for handling, and inert in nature. The major advantages of using excipients are improving the property of wetting, increase bulkiness of drug, provides stability, and improves the organoleptic properties of the drug. Excipients are used in the different medicinal products like capsules, tablets, oral liquids, inhalers, implants and injections among others.
Global pharmaceutical excipients market is driven by an increase in demand for oral drugs. Factors such as patient compliance and ease in consumption forcing drug manufacture in developing a sustained release dosage formulations which contribute to the extension of shelf life of the oral drugs that add to the high revenue anticipation of pharmaceutical excipients. However, lack of standard quality policies and regulations for excipients and safety evaluation is expected to hamper the growth of the market.
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The pharmaceutical excipient market is categorized as-
- Inorganic Chemicals
- Calcium Phosphates
- Calcium Carbonate
- Calcium Sulfate
- Metallic Oxides
- Organic Chemicals
- Glycols (alcohol)
- Povidones polymers
- Mineral Hydrocarbons
- Gelatin (Proteins)
- Fillers and Diluents
- Flavoring Agents
3. Dosage form
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Biotech Companies, Pharmaceutical Companies, Research Institutes and others.
The global market of pharmaceutical excipients is divided into 5 key regions, North America, Latin America, Europe, Asia-Pacific, and Middle East & Africa. In this global market of pharmaceutical excipients, North America followed Europe dominates the market. Emerging market like Asia-Pacific is expected to show lucrative growth opportunity owing to the availability of lower labor cost, skilled work force in and low cost of raw materials. Countries such as Brazil, India, and China are expected to be the major contributors to the growth of pharmaceutical excipients market owing to rising per capita income. Some of the key players in global pharmaceutical excipients market are Ashland Inc.(U.S.), AkzoNobel (Netherlands), The DOW Chemical Company (U.S.), Archer Daniels Midland Company(U.S.), Associated British Foods PLC (UK), Colorcon, Inc.(U.S.), BASF SE(Germany), Evonik Industries AG (Germany), Innophos Holdings Inc. (U.S.), J.M. Huber Corporation (U.S.), FMC Corporation (U.S.), Roquette Group (Nord-Pas de Calais), Croda International PLC (UK),Merck KGaA (U.S.) and Lubrizol Corporation (U.S.) to name a few. In 2017, Ashland Inc. got US patent for purekote 23589 (dispersion) and purekote 21412a (cross linking agent) coating system. In 2017, Lubrizol Corporation’s Skin Essentials division launched new acrylate-based polymeric emulsifier Pemulen EZ-4U.
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Global pharmaceutical excipients market is growing with the constant demand for oral pharmaceuticals. Also with the combination of nanotechnology and newer drug formulations in excipients led to the new development in nano-derived liposomes, vaccines, and nano-coated tablets. Good manufacturing and distribution practices for uniform excipients, spanning regions by international regulatory authorities are set to define the market scene of excipient industry. Business expansions, new product launches, mergers & acquisitions and collaborations with educational universities are the key strategies adopted by most companies in the global pharmaceutical excipients market. To due to growing investments by the pharmaceutical companies, a rise in the global burden of chronic and lifestyle-related diseases the pharmaceutical excipients market is growing at a significant rate.
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