Pharmaceutical Excipients Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis

The Global Pharmaceutical Excipients Market was valued at US$ 5,394.2 million in 2015 and is projected to expand at a CAGR of 6.9% during the forecast period (2016-2024), as highlighted in a new report published by Coherent Market Insights. Rise in demand for oral pharmaceutical products globally in the form of solid as well as liquid dosage forms, in turn is expected to underpin growth of the pharmaceutical excipients market in the near future.
Excipients plays a vital part in drug dosage formulation as they are mixed with active pharmaceutical ingredients that forms the volume for any pharmaceutical product. Pharmaceutical excipients possess various properties that are utilized by API for making bulk of any product and can also improve drugs bioavailability in certain cases. Though there are various types of pharmaceutical excipients, only particular excipients are most compatible for a specific dosage form. Pharmaceutical excipients do not have same properties as API, though they need to be stabilized and standardized before use. In 2016, according to an update from William Reed Business Media Ltd., the IPEC association of China was included as the fifth member of global excipient certification organization. This inclusion is expected to favor the promotion of safety regarding excipients throughout the supply chain in China.
New product development incurs a significant amount of effort and time along with high cost expenditure. However, product development in pharmaceutical excipients is economical as compared to drug or API development. Quality by design is a scientific method that also involves risk-based approach at product concept stage. In 2002, the U.S. Food and Drug Administration (FDA) started an initiative for pharmaceutical companies called pharmaceutical current good manufacturing Practices (GMP). This was considered to be a risk-based approach that encouraged various organizations involved in pharmaceutical product manufacturing to adopt management techniques to enhance quality in keeping with modern standards. Furthermore, companies are now focused towards expanding their geographical reach by setting up new plants and manufacturing units worldwide based on the potential of the region. For instance, in 2016, according to William Reed Business Media Ltd update, Ashland Inc., established a new pharmaceutical excipients manufacturing unit in Nanjing, China, in order to cater to rise in local demand and new quality regulations. This would provide a major stronghold for the company in the region.
The market for pharmaceutical excipients is expected to grow significantly over the forecast period. Since pharmaceutical excipients play an important role in the finished pharmaceutical products, varying pharmaceutical products require different forms of excipients. According to Saffron Media Pvt. Ltd, in 2014, there were around 1,200 excipients available in the market that were used in the pharmaceutical industry for product development. However, there is still need for more variations in the properties of excipients to meet emerging needs. This can be achieved by using multifunctional excipients that include preprocessed and co-processed pharmaceutical ingredients. Biopharmaceutical companies are also inclined towards use of excipients for enhancing the stability and add bulk to biologics.
Key takeaways of the market:
• The global pharmaceutical excipients market is expected to expand at a CAGR of 6.9% during the forecast period (2016-2024). The rise in market for oral formulation is expected to favor the market for pharmaceutical excipients over the forecast period. This has been supported by the introduction of different types of oral dosage for having variations in release timing and coating properties.
• The binder functionality type segment in the global pharmaceutical excipients market was estimated to be the largest in 2015 and is expected to dominate the market throughout the forecast period in terms of value. This is expected to grow in the near future on the backdrop of rise in demand for oral dosage forms globally.
• In terms of product type, the plant chemistry type segment is expected to expand at a significant CAGR of 7.8% during the forecast period. The growing demand for plant products are projected to favor the market for pharmaceutical excipients market in the near future
• The global pharmaceutical excipients market is characterized by strategic research and development and advancements in the excipients processing, also the organizations involved in the manufacturing of the excipients are now inclined towards product development to expand their product portfolio. For instance, according to pharmaceutical technology, in 2012, Ashland announced the expansion of production of Polyplasdone cross-linked polyvinylpyrrolidone (PVPP) in Texas City manufacturing facility.
• Some of the major players are Innophos Holdings Inc., The Dow Chemical Company, The Lubrizol Corporation, Wacker Chemie AG, and Ashland Inc., BASF SE, and Evonik Industries AG.

Global Jaundice Meter Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for jaundice meter to 2023 offers detailed coverage of jaundice meter industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading jaundi...

Global Piperylene (1,3-Pentadiene, CAS 504-60-9) Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for piperylene (1,3-pentadiene, CAS 504-60-9) to 2023 offers detailed coverage of piperylene industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company share...

Global Wiper Blade Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for wiper blade to 2023 offers detailed coverage of wiper blade industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading wiper blade ...

Global Cordless Vacuum Cleaner Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for cordless vacuum cleaner to 2023 offers detailed coverage of cordless vacuum cleaner industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of ...

Global Disposable Lighter Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for disposable lighter to 2023 offers detailed coverage of disposable lighter industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leadin...

Global Fulvic Acid Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for fulvic acid to 2023 offers detailed coverage of fulvic acid industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading fulvic acid ...

Global Glutamine Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for glutamine to 2023 offers detailed coverage of glutamine industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading glutamine produc...

Global L-Valine Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for L-valine to 2023 offers detailed coverage of L-valine industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading L-valine producers...

Global Laboratory Balance Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for laboratory balance to 2023 offers detailed coverage of laboratory balance industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leadin...

Global HMPE Rope (HMPE (High Modulus Polyethylene) Rope) Market Outlook 2018-2023

Published Date : Dec 2018

Global Market for HMPE rope (high modulus polyethylene rope) to 2023 offers detailed coverage of HMPE rope industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company share...

 

Select License :

  • Single User : $4500
  • Multiple User : $7000
  • Corporate User : $10000

Happy To Assist You

Assist you at Worldwide Market Reports

We will be happy to help you find what you need. Please call us or write to us:

Worldwide Market Reports Benefits

Custom Research Solution

Talk to our research consultant to design an exclusive report as per your research needs.

Customer Fulfilment

We aim to fulfil client's research demands with tailored research solutions.

Quick Turnaround Time Reports

We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

360-degree Approach

We cover each industry from supply and demand side with an aim to provide a most holistic research study.