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Excipients Market to Witness Robust Expansion by 2024– Top Key players like Ashland,BASF,DOW,Inc.
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Excipients are inert substances that are generally used to manufacture different forms of drugs and are present in the finished products. Excipients help in providing long-term stability and make solid formulations bulkier. They also improve the functionality of drugs and make them safer.
Based on functionality, the pharmaceutical excipients market is segmented into fillers & diluents, binders, suspending & viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifying agents, and other functionalities. The large share of the fillers and diluents segment can be attributed to the increased use of fillers and diluents in the development and production of solid oral drugs.
On the basis of type of formulation, the oral formulations segment dominated the market. The oral route of administration is the most common and traditional route for drug delivery. With the development of excipients to improve the functionality of active pharmaceutical ingredients (APIs) in tablets and capsules, the demand for these formulations is high. This in turn will also propel the market growth in the coming years.
Global Excipients market size will increase to xx Million US$ by 2025, from xx Million US$ in 2018, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Excipients.
This report researches the worldwide Excipients market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions.
Market Segment by Manufacturers, this report covers
Ashland
BASF
DOW
Roquette
FMC
Evonik
Lubrizol
Associated British Foods
Croda International
Archer Daniels Midland
Market Segment by Type, covers
Organic Excipients
Inorganic Excipients
Market Segment by Applications, can be divided into
Oral Formulations
Topical Formulations
Parenteral Formulations
Other Formulations
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Related Information:
North America Excipients Market Growth 2019-2024
United States Excipients Market Growth 2019-2024
Asia-Pacific Excipients Market Growth 2019-2024
Europe Excipients Market Growth 2019-2024
EMEA Excipients Market Growth 2019-2024
Global Excipients Market Growth 2019-2024
China Excipients Market Growth 2019-2024
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