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Pharmaceutical Excipients Market expected to Witness a Sustainable Growth over 2023-2031 | BASF SE, Evonik Industries AG, The Lubrizol Corporation, DuPont
Pharmaceutical Excipients Market
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Pharmaceutical excipients are substances that are added to a drug to help it work better. They can be used to make a drug more effective, to make it easier to take, or to improve its safety. Excipients are found in all kinds of drugs, from over-the-counter medicines to prescription drugs.
Key Trends
The key trends in pharmaceutical excipients technology are:
The use of novel excipients to improve the stability, solubility and bioavailability of drugs.
The development of new delivery systems for drugs that are difficult to formulate.
The use of excipients to modify the release profile of drugs.
The development of novel excipients for use in specific patient populations.
The use of excipients to improve the safety and efficacy of drugs.
Key Drivers
The key drivers of the pharmaceutical excipients market are the increasing number of drug approvals, the growing demand for generic drugs, and the increasing prevalence of chronic diseases.
The number of drug approvals has been increasing due to the growing demand for new and innovative drugs. The number of generic drug approvals has also been increasing due to the growing demand for cheaper alternatives to branded drugs. The increasing prevalence of chronic diseases has led to a growing demand for drugs that can treat these conditions.
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Market Segments
By Product
• Inorganic Chemicals
• Organic Chemicals
By Functionality
• Fillers and Diluents
• Binders
• Suspension and Viscosity Agents
• Coatings
• Flavoring Agents
• Disintegrants
Key Players
• BASF SE
• Evonik Industries AG
• The Lubrizol Corporation
• DuPont
• Archer Daniels Midland Company
• Ashland Global Holdings
• Roquette Feres
• Associated British Foods
• Croda International
• Innophous Holdings
• The Dow Chemical Company
• AkzoNobel NV
• W.R. Grace & Co.
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Reasons to buy Pharmaceutical Excipients Market Report:
• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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