Global Study on Pharmaceutical Excipients Market, 2015-2021

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<strong>Global</strong> <strong>Study</strong> on Pharmaceutical Excipients Market, 2015-2021 excipient industry over the forecast period. This is expected to be accompanied by standardized documentation, and approval and pharmacovigilance activities related to these inactive ingredients. Based on chemistry type, the market has been segmented into plant-based, animal-based, mineral-based, and synthetically derived. <strong>Global</strong>ly, naturally derived excipients are witnessing increased demand due to lesser side effects, such as flatulence, skin rashes, etc. and improved composition quality. In terms of value, the plant-based excipient is estimated to account for close to one-third of the global market share by 2021 end. The segment is expected to gain market attractiveness throughout the forecast period. The principle plantbased excipients expected to witness increased demand are microcrystalline cellulose (MCC), starch, and starch-derivatives. They would find primary application in oral formulations. Based on application, the market has been segmented into oral, topical, parenteral formulations, and others. Others segment includes less frequently used drug delivery methods such as suppositories, intra-muscular, transdermal, ophthalmic, etc. Lack of highly developed controlled manufacturing facilities and fear of anti-microbial contamination is expected to deter the development of excipients such as solvents and co-solvents in certain regions over the forecast period. Based on functionality, the global excipient market has been segmented into binders, diluents, glidents, disintegrants, and others (solvents, co-solvents, anti-microbial agents, humectants, colorants, sweeteners, etc.). The binders functionality segment, consisting of binders, fillers, and coating agents are primarily used in oral solid dosage formulations and is expected to account for close to 50% of the total excipient market by value over the forecast period. The segment is expected to be valued at US$ 3,523.8 Mn by 2021 end, registering a significant CAGR over the forecast period. The global pharmaceutical excipients market has been segmented into five major regions namely North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. In terms of value, North America is estimated to be dominant, accounting for over one-third of the total excipients market value by 2015 end. Asia Pacific is estimated to emerge as the fastest growing market among all the emerging regions while revenue from the market in Persistence Market Research 6
<strong>Global</strong> <strong>Study</strong> on Pharmaceutical Excipients Market, 2015-2021 Europe is expected to expand at a healthy CAGR of 6.1% over the forecast period despite the ongoing economic downturn in the region. Some of the key players covered in the global pharmaceutical excipients drug market report are BASF SE, Evonik Industries AG, Innophos Holdings Inc., The Lubrizol Corporation, The Dow Chemical Company, Wacker Chemie AG, and Ashland Inc. The report is enriched through identification of company-specific strategies related to excipient raw material sourcing, research and development, market consolidation initiatives, and analyzes of the various market player’s specific strengths, weaknesses, opportunities, and threats. Follow us on Linkedin: https://www.linkedin.com/company/persistence-market-research-&-consulting About Us: Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The Persistence Market Research 7
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