Excipients Market Outlook 2020 by Application, Type and Region
Global excipients market size was worth USD 3.47 billion in 2013 which is anticipated to grow at a CAGR of more than 6.0% over the forecast period.
Global excipients market size was worth USD 3.47 billion in 2013 which is anticipated to grow at a CAGR of more than 6.0% over the forecast period.
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<strong>Excipients</strong> <strong>Market</strong> <strong>Outlook</strong> <strong>2020</strong> <strong>by</strong> <strong>Application</strong>, <strong>Type</strong> <strong>and</strong><br />
<strong>Region</strong><br />
“<strong>Excipients</strong> <strong>Market</strong> report includes in-depth analysis of industry <strong>by</strong> recent<br />
technologies, trends, opportunities, challenges, key players <strong>and</strong> business<br />
strategies considering types, segment <strong>and</strong> future analysis.”<br />
Global <strong>Excipients</strong> <strong>Market</strong> size was worth USD 3.47 billion in 2013 which is anticipated to grow at a CAGR of more than<br />
6.0% over the forecast period. Rise in dem<strong>and</strong> for the generic drugs <strong>and</strong> the formulation additives required for the<br />
purpose of formulating these drugs is anticipated to drive excipient market in the coming years.<br />
Development of a drug in diverse formulations requires a range of binders, disintegrants, <strong>and</strong> other chemicals that<br />
maintain or retain the characteristics of a drug moiety. Rise in disease prevalence as a consequence of increasing<br />
geriatric population is expected to increase the dem<strong>and</strong> for pharmaceutical products, thus impacting the excipients<br />
dem<strong>and</strong> over the forecast period.<br />
Ongoing investigations for the development of suitable chemicals with ideal characteristics for a given formulation is<br />
are anticipated to boost growth in this sector. Adoption of novel delivery models that fuel the dem<strong>and</strong> for enhanced<br />
chemical structures that are more stable <strong>and</strong> active in nature is expected to support in the projected growth.<br />
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Treatment of the complex diseases pronounces the dem<strong>and</strong> for complicated delivery methods that in turn drive the<br />
R&D in this sector thus leading to substantial progress in the coming years.<br />
Product Insights<br />
Polymer excipients accounted for the largest revenue share in context with revenue generation owing to its higher<br />
usage in several drug formulations. Advantages associated with the usage of this category of excipients include its<br />
changing property with changing concentration in different kind of dosage forms.<br />
In addition to this, the multi-functionality of these products is anticipated to induce its adoption in several dosage<br />
forms there<strong>by</strong> leading to its substantial growth. Use of polymers in the sustained <strong>and</strong> controlled release medication is<br />
attributive to support growth.<br />
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<strong>Region</strong>al Insight<br />
European region dominated with largest share in 2016. High dem<strong>and</strong> for pharma products due to high base of geriatric<br />
population <strong>and</strong> established sophisticated infrastructure to answer the healthcare needs are the factors owing for its<br />
estimated share. North America accounts for the second largest share in market, owing to a large base of<br />
pharmaceutical companies in this region.<br />
Asia-Pacific region is expected to gain significant market share, growing at lucrative CAGR owing to the high prevalence<br />
of the chronic disease <strong>and</strong> rising investment <strong>by</strong> MNCs who outsource their products due to low manufacturing cost<br />
<strong>and</strong> supportive government policy.<br />
In the coming years, development in the drug delivery system <strong>and</strong> high investment in R&D for improving dosage form<br />
technology is anticipated to fuel strong growth over the forecasted period.<br />
See More Reports of this Category <strong>by</strong> Million Insights @:<br />
https://www.millioninsights.com/industry/pharmaceuticals<br />
Competitive Insights<br />
Companies that dominate excipient market are Avantor Performance Materials, P&G, Huntsman Corporation, Eastman<br />
Chemical Company, BASF, Ashl<strong>and</strong> Inc., Danisco A/S, FMC Corporation, Lubrizol Corporation, <strong>and</strong> Evonik Industries.<br />
There is a high industry rivalry with intense competition. By capitalizing the untapped market <strong>and</strong> other strategies such<br />
as mergers & acquisitions, integration <strong>and</strong> collaborations of R&D for better outcomes the companies aim to acquire<br />
higher market share.
Read Detail <strong>Market</strong> Research Report @ https://www.millioninsights.com/industry-reports/excipientsmarket<br />
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