According to a new report by Expert Market Research titled, ‘Global Pharmaceutical Excipients Market Report and Forecast 2020-2025‘, the global pharmaceutical excipients market reached a value of USD 7.6 billion in 2019. The market is further expected to grow at a CAGR of 4% in the forecast period of 2020-2025 to reach a value of USD 9.8 billion by 2025.
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Europe is the leading market in the global pharmaceutical excipients market, driven by the large presence of pharmaceutical key players having, who have extensive production capacities, thus, high consumption rates of excipients. The rising demand for superior pharmaceutical products, biosimilars, and generics have led to accelerated growth in the pharmaceutical excipients industry over the forecast period.
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Ashland Global Holdings Inc. (NYSE: ASH) and BASF SE (ETR: BAS) are some of the leading companies in the global pharmaceutical excipients market. In August 2017, BASF SE inaugurated the opening of its pharma technical lab at its Innovation Campus Asia Pacific, which is situated in Navi Mumbai, India. The facility is called “BASF Pharma Solutions Lab” and caters to the rapidly growing pharmaceutical market in South Asia, particularly generic drug manufacturing, which holds the largest share of the sector in India. Such developments by the key players are expected to push the growth of the global pharmaceutical excipients market in the coming years.
Market Analysis by Product:
- Organic Chemicals
- Inorganic Chemicals
The pharmaceutical excipients market, on the basis of product, is divided into organic chemicals and inorganic chemicals, among others.
- Organic Chemicals
Organic chemicals are further divided into oleochemicals, carbohydrates, petrochemicals, and proteins, among others.
- Inorganic Chemicals
- Calcium Phosphate
- Metal Oxides
- Calcium Carbonate
- Calcium Sulphate
Inorganic chemicals are further divided into calcium phosphate, metal oxides, halites, calcium carbonate, and calcium sulphate, among others.
Market Analysis by Functionality:
- Fillers & Diluents
- Suspending & Viscosity Agents
- Coating Agents
- Flavouring Agents & Sweeteners
- Lubricants & Glidants
- Emulsifying Agents
On the basis of functionality, the pharmaceutical excipients market is segmented into fillers and diluents, suspending and viscosity agents, coating agents, binders, flavouring agents and sweeteners, disintegrants, colourants, lubricants and glidants, preservatives, and emulsifying agents, among others.
Market Analysis by Formulation:
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
The market is categorised on the basis of the formulation into oral formulations, topical formulations, and parenteral formulations, among others.
- Oral Formulations
- Liquid Formulations
The oral formulations are further divided into tablets, capsules, and liquid formulations.
Market Analysis by Region:
- North America
- United States of America
- United Kingdom
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
Regionally, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
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Competitive Landscape & Supplier Analysis:
- Dupont De Nemours, Inc..(NYSE: CTA-A)
- Roquette Frères.
- Ashland Global Holdings Inc..(NYSE: ASH)
- Evonik Industries AG.(ETR: EVK)
- BASF SE.(ETR: BAS)
- Kerry Group PLC..(LON: KYGA)
- Croda International.(LON: CRDA)
- Associated British Foods PLC
- Archer Daniels Midland Company
- Lubrizol Corporation
- Innophos Holdings Inc.
- WACKER Chemie AG
Dupont De Nemours, Inc., Roquette Frères, Ashland Global Holdings Inc., Evonik Industries AG, BASF SE, Kerry Group PLC, Croda International, Associated British Foods PLC, Archer Daniels Midland Company, Lubrizol Corporation, Innophos Holdings Inc., and Wacker Chemie AG, among others, are the key players in the global pharmaceutical excipients market. The Expert Market Research report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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