Pharmaceutical Excipients Market to Witness Huge Growth by Key Players: Ashland Global Holdings, BASF SE, DuPont, Roquette Feres, Evonik Industries AG, Associated British Foods and more.

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The pharmaceutical excipients market is projected to reach USD 10.6 billion by 2026 from USD 7.9 billion in 2021, at a CAGR of 5.8%.

Top Key Players Profiled in the Pharmaceutical Excipients Market:
• Ashland Global Holdings (US)
• BASF SE (Germany)
• DuPont (US)
• Roquette Feres (France)
• Evonik Industries AG (Germany)
• Associated British Foods (UK)
• Archer Daniels Midland Company (US)
• Lubrizol Corporation (US)
• Croda International (UK)
• Innophous Holdings (US)
• Kerry Group (Ireland)
• WACKER Chemie AG (Germany)
• Colorcon (US)
• DFE Pharma (Germany)
• JRS Pharma (Germany)
• Air Liquide (France)

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“Based on product, the organic chemicals segment holds the largest market share during the forecast period.”
Based on product, the pharmaceutical excipients market is segmented into three major categories— organic chemicals, inorganic chemicals, and other chemicals. In 2020, the organic chemicals segment accounted for the largest market share. This segment is also projected to register the highest CAGR during the forecast period. In 2020, the organic chemicals segment accounted for the largest share of the pharmaceutical excipients market.

“Based on functionality, the fillers & diluents is expected to have significant market size during the forecast period.”
Based on functionality, pharmaceutical excipients are categorized into fillers & diluents, binders, suspending & viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifying agents, and other functionalities. By functionality, fillers & diluents held the largest share in 2020.

“Based on formulations, the oral formulations segment holds the largest market share during the forecast period.”
Based on the formulation, the pharmaceutical excipients market is segmented into oral, topical, parenteral, and other formulations. Oral formulations dominate this market due to their wide usage and efficacy against many ailments. Healthcare professionals recommended antiviral drugs as the primary line of defense against COVID-19. Due to their effectiveness in resolving pneumonia and respiratory ailments caused by the virus, these drugs were prescribed in large numbers.

“Europe is expected to account for the largest share of the pharmaceutical excipients market in 2020”
In 2020, Europe accounted for the largest share of the pharmaceutical excipients market, followed by North America, the Asia Pacific, Latin America, and the Middle East & Africa. Many European countries are focusing their attention on the generics market due to the expiration of blockbuster drug patents in the coming years. As a result, the European region is expected to witness major growth in its generics market during the forecast period, which will propel the demand for pharmaceutical excipients.

Breakdown of primary participants’ profile:
• By Company Type – Tier 1–35%, Tier 2–45%, and Tier 3–20%
• By Designation – C-level–35%, Director-level–25%, Others–40%
• By Region – North America–45%, Europe–30%, Asia Pacific–20%, Latin America- 3%, Middle East and Africa–2%

Research Coverage:
The report analyzes the pharmaceutical excipients market and aims at estimating the market size and future growth potential of this market based on various segments such as product, functionality, formulations, and region. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, and key market strategies.

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This release was published on openPR.