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Global Pharmaceutical Excipients Market Growing at a CAGR of 6.8% by focusing on Top Companies Profile, Trends, Growth Factors and Forecasts 2024
Global Pharmaceutical Excipients Market- Industry Trends and Forecast to 2024
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The Pharmaceutical Excipients Market accounted to USD 7.4billion by the end of 2021growing at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Competitive Landscape:
The Pharmaceuticals excipients market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Pharmaceuticals excipients market for global, Europe, North America, Asia Pacific and South America.
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TOP Competitors of Market:
• Ashland, Inc. (U.S.),
• BASF SE (Germany),
• the Dow Chemical Company (U.S.),
• Roquette (France),
• FMC Corporation (U.S.),
• Evonik Industries AG (Germany),
• Associated British Foods Plc. (U.K.),
• Archer Daniels Midland Company (U.S.),
• Lubrizol Corporation (U.S.),
• Croda International Plc. (U.K.),
• Akzo Nobel N.V. (U.K.),
• J.M. Huber Corporation (U.S.),
• Merck Millipore (U.S.),
• Croda International (U.S.),
• Signet Chemicals,
• Innophos Holdings Inc.,
• WackerChemie AG and Avantor Performance Materials, Inc. (U.S.)
• among others.
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Major Market Drivers:
• Increase in demand for oral pharmaceutical drugs and emergence of novel therapeutics.
• Utilization of functionality excipients to create controlled dosage forms.
• Advancements in nanotechnology to impart innovative functions to the excipients.
• Decline in R&D investments and the increasing stringency of regulatory requirements.
• Non-availability of standard quality gradation of excipients and their safety evaluation standards.
• Lack of FDA-approved manufacturing sites.
• Asia-Pacific is the emerging market as advance technology is used to manufacture new excipients.
Market Segmentation:
By Type:- Organic Chemicals which is categorized inOleochemicals
On the basis of Functionality:- Coatings & Films, Coloring agents, Fillers, Binders, Diluents, Suspension & Viscocity Agents, Coatings, Disintegrants, Flavoring agents, Glidants, Preservatives agents Lubricants and other functionalities.
By Formulations:- Advanced Delivery Systems, Oral formulation which is categorized in Capsules, which is further classified into Hard Gelat in Capsules and Soft Gelat in Capsules and Tablets, Liquid Formulations, Parenteral formulations and Topical formulations.
On the basis of geography:- North America, Europe, Asia-Pacific, and Middle East & Africa. U.S., Canada, Germany, France, U.K., China, India and Japan among others.
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