Hyderabad, India -- (SBWIRE) -- 02/14/2023 -- Pharmaceutical Excipients Market Forecast Analysis 2023-2030

Pharmaceutical excipients are inactive substances added to drugs to enhance their stability, appearance, and deliverability. They play a crucial role in the manufacturing of pharmaceutical products, as they improve the overall performance of drugs and make them easier to administer. Excipients are used in various forms of drug delivery, including oral, topical, and injectable forms.

The global Pharmaceutical Excipients Market is expected to grow significantly in the coming years due to the increasing demand for pharmaceutical products, growing aging population, and the increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases. Additionally, the increasing focus on the development of novel drug delivery systems and the increasing demand for generic drugs are expected to drive the market growth.

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Market Size and Future Apprehension:
The report on Pharmaceutical Excipients Market analyses historic information to analyze the industry's growth trends and forecasts upcoming growth based on detailed research reports. The primary research subjects are market revenue, market size, share, market growth, market trends, and industry predictions for the forecast years 2022 to 2030. The market segment information is provided by the research. The market is segmented by Raw Materials (Organic Chemicals, Inorganic Chemicals, Others), Types (Polymers, Alcohols, Sugar, Minerals, Gelatin, Others), Functionality (Binders and fillers, Coating agents, Disintegrants, Flavoring agents and colorants, Lubricants, Preservatives and anti-oxidants, Sweeteners, Others). Helps the Pharmaceutical Excipients Market aim their marketing efforts, particularly on the part they have recognized as being of interest, avoiding wasteful expenditure

According to the most recent USD Analytics analysis, the worldwide "Pharmaceutical Excipients Market" is expected to grow at a CAGR of 6.59% during the forecast period 2023-2030.

Market Dynamics

Drivers:

1. Increasing demand for pharmaceutical products
2. Growing aging population
3. Increasing prevalence of chronic diseases such as diabetes and cardiovascular diseases
4. Increasing focus on the development of novel drug delivery systems
5. Increasing demand for generic drugs

Restraints:

1. Stringent regulatory environment
2. High cost of raw materials

Opportunities:

1. Growing demand for biodegradable excipients
2.Increasing investment in research and development of new and improved excipients

Market Segmentation:

The Pharmaceutical Excipients Market can be segmented based on type, form, and geography.

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Based on Type:

Based on type, the market can be segmented into carbohydrates, polymers, surfactants, and others. The carbohydrates segment is expected to hold the largest share of the market due to their wide use as excipients in various pharmaceutical products.

Based on Form:

Based on form, the market can be segmented into solid, liquid, and semi-solid. The solid form segment is expected to hold the largest share of the market due to its wide use in oral and topical drug delivery.

Regional Analysis:

Geographically, the market can be segmented into North America, Europe, Asia-Pacific, and the Rest of the World. North America is expected to hold the largest share of the market due to the presence of a large number of key players in the region and the increasing demand for pharmaceutical products.

Market Players:

Some of the key players in the Pharmaceutical Excipients Market include BASF SE, Dow Chemical Company, Evonik Industries AG, Merck KGaA, and AkzoNobel N.V. These companies are focusing on expanding their product portfolios, acquiring smaller companies, and investing in research and development to stay ahead of the competition.

Market Segmentation:

Raw Materials

1.Organic Chemicals
2.Inorganic Chemicals
3.Others

Types

1.Polymers
2.Alcohols
3.Sugar
4.Minerals
5.Gelatin
6.Others

Functionality

1.Binders and fillers
2.Coating agents
3.Disintegrants
4.Flavoring agents and colorants
5.Lubricants
6.Preservatives and anti-oxidants
7.Sweeteners
8.Others

Companies

1.Eastman Chemical Corp
2.P&G Chemicals
3.Avantor Performance Materials
4.Huntsman Corp
5.BASF SE
6.Ashland Inc
7.FMC Corp
8.Roquette
9.Colorcon
10.Lubrizol Corp

Region
1.North America
2.Europe
3.Asia Pacific
4.Latin America
5.Middle Esat and Africa

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