The Global
Excipients Market is propelled by surging demand for pharmaceutical
products and growing geriatric population worldwide. In 2013, the industry
stood at nearly USD 3.5 billion. Use of additives in generic formulations as
well as in novel drugs is projected to fuel product demand over the forecast
period (2012 to 2020). Excipients are inactive or inert substances that act as
vehicles or mediums for APIs (active pharmaceutical ingredients). In the pharmaceutical
industry, these are used as coating agents, binders, integrants, and flavoring
agents in the production of tablets and capsules.
High incidence of diseases and infections can
positively impact the global excipients market in the years to come. According
to a recent study by the World Health Organization, the annual worth of the
global pharmaceuticals market is around USD 300 billion. Other industry drivers
are implementation of strict regulations pertaining to the safe use of drug
contents and the commercialization of innovative & novel products.
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The worldwide industry for excipients focuses
greatly on innovation driven by price pressures arising from product
generalization. Excipients exhibit features such as high compressibility, flow
abilities, and consistent disintegration. Steady technological developments to
minimize manufacturing costs are expected to create lucrative opportunities for
market progress. Besides innovations, unmet pharmaceutical needs is another
vital factor that can benefit the industry in the long run. Growing need for
pharmaceutical products in emerging economies, such as China, India, Indonesia,
and Brazil can further contribute to market growth over the forecast period.
The worldwide excipients industry is
categorized on the basis of products and geographies. According to products,
the segments are minerals, alcohols, sugar, and polymers. In 2013, polymers
contributed to more than 40% of the total market in terms of volumes. Factors
that fuel this segment are surging demand for cellulose in pharmaceuticals,
lubricants, coating materials, disintegrants, diluents/fillers, and
anti-adherents. Polymers are used extensively in drug & cosmetic sciences.
Alcohol held the second highest share in the overall industry in 2013 owing to
widespread application of glycerin in solvents and moisturizers.
According to geographies, the global industry
is divided into Asia Pacific, Europe, North America, and Rest of the World.
With revenue shares exceeding 32%, Europe dominated the overall industry in
2013. Driven by a large geriatric population in Western Europe, the region may
continue leading the market throughout the forecast period. North America was
the second largest market after Europe fueled by regulatory norms regarding the
safe use of excipients and drugs. Growing demand for personal care products can
bolster regional growth till 2020. Asia Pacific may expand rapidly on account
of a rapidly growing population and widespread healthcare awareness. The
worldwide excipients market is a highly consolidated one. Key industry
participants are Eastman Chemical Company, Huntsman Corporation, Danisco A/S,
and BASF among many others.
In December 2016, MilliporeSigma launched the
Parteck MXP, an excipient that is polyvinyl alcohol based. It increases the
solubility of a host of APIs (active pharmaceutical ingredients) that have poor
bioavailability. This excipient helps maintain stability even at temperatures
exceeding 200 degrees Celsius. As a result, it is ideal for HME (hot melt
extrusion), a process employed by drug manufacturers in order to increase the
bioavailability and solubility of APIs.
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