Increasing pharmaceutical products demand and growing
global geriatric population is expected to boost the global excipient
market growth over the next five years. Excipients
are inert or inactive substances, used to serve as medium or vehicle for active
pharmaceutical ingredients (API). Excipients are generally used as integrants,
flavoring agents, binders and coating agents in pharmaceutical industry to
manufacture capsules and tablets. Rising infections and diseases globally is
anticipated to drive the demand for pharmaceuticals which in turn is expected
to foster the excipients market growth over the forecast period. On the basis
of WHO study, the pharmaceutical market is worth about $ 300 billion per annum.
The product comprises capability which differentiates
drugs from other similar counter parts and brands. This is anticipated to
bolster the excipient market growth over the next five years. Pricing pressure
due to product generalization is forcing excipient market participants to
develop innovative products. These excipients consist of features such as
consistent disintegration, flow abilities, mixing ability of active particles
and improved compressibility. Stringent regulations regarding excipient and new
product safe usage is expected to drive the market growth over the foreseeable
future. Unmet high pharmaceutical global demand and innovative developments in
expcipients is anticipated to witness significant growth over the next five
years. Technology advancement to reduce manufacturing cost is projected to
create ample opportunities in the global market over the forecast future.
Growing demand for pharmaceutical products in emerging nations such as Brazil,
Indonesia, India and China is expected to fuel the excipient market over the
next five years.
Browse related category market reports @
https://www.hexaresearch.com/research-category/pharmaceuticals-industry
The excipient market is segmented on the basis of product
as alcohols, polymers, minerals, and sugar. Polymer was the largest product
segment accounting for over 40% of the total volume in 2013. The polymer
segment growth is attributed to growing cellulose demand which is used as
lubricants, anti-adherent, binders, diluents/filler, coating material and
disintegrants in cosmetic and pharmaceutical industries. Alcohol followed
polymer segment contributed to the second major market segment in 2013 owing to
increasing application of glycerin as moistener and solvent is anticipated to
boost the market.
Europe dominated the global excipient market accounting
for over 32% of the total revenue generated in 2013 and is expected to be the
major market over the next five years. Existence of high geriatric population
in Western European nations is the key factor for the market growth in the
region. North America followed Europe contributed to second major market in
2013 owing to stringent regulations regarding safe usage of drugs and
excipients. Growing demand for personal care products is anticipated to bolster
the market growth over the forecast period. Asia Pacific is expected to grow at
rapid pace over the next five years on account of increasing population and
growing awareness towards health. Growing geriatric population in many nations
in the region such as Japan is projected to boost the market growth in the near
future.
The global excipient market is moderately consolidated.
The key market participants include Huntsman Corporation, P& G, BASF,
Danisco A/S and Eastman Chemical Company.
Browse Detail Report with TOC @ https://www.hexaresearch.com/research-report/excipients-industry/
Table of Contents
Chapter 1. Executive Summary
1.1. Excipients -
Industry Summary and Critical Success Factors (CSFs)
Chapter 2. Excipients Industry Outlook
2.1. Market
Segmentation
2.2. Market Size and
Growth Prospects
2.3. Excipients Market
Dynamics
2.3.1. Market Driver
Analysis
2.3.2. Market Restraint
Analysis
2.4. Key Opportunities
Prioritized
2.5. Industry Analysis
- Porter's
2.6. Excipients -
Value Chain Analysis
2.7. Excipients Market
PESTEL Analysis, 2013
About
Us:
Hexa Research is a market research and
consulting organization, offering industry reports, custom research and
consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help
our clients obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact
Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
Follow us on Linkedin: https://www.linkedin.com/company/hexa-research
