DUBLIN, January 21, 2022--(BUSINESS WIRE)--The "Global Pharmaceutical Excipients Market Size, Trends & Growth Opportunity, By product, By Formulations, Region and Forecast to 2027" report has been added to ResearchAndMarkets.com's offering.
The global pharmaceutical excipients market is expected to grow from $8.3 billion in 2021 to $10.6 billion by 2027, at a compound annual growth rate (CAGR) of 5.0% for the period of 2021-2027.
Evonik Industries AG
Croda International Plc BASF SE
Chemische Fabrik Budenheim
The Lubrizol Corporation
Archer Daniels Midland Company
Associated British Foods plc
Peter Greven GmbH & Co. KG
Pharmaceutical excipients considered to be inert substances, other than the pharmacologically active drug, which are included in the manufacturing process or are present in the pharmaceutical product dosage form. Excipients are widely used in drug formulation to provide long-term stability, add bulkiness to solid formulations and facilitate drug absorption. They has a physical property to enhance the overall safety or functionality of the product during storage or use.
The amalgamation of drug formulation and nanotechnology in excipients have led to the development of nano-coated tablets, nano-derived liposomes, and vaccines. Furthermore, several companies have targeted the emerging economies for expansion of their plants for manufacturing pharmaceutical excipients, preservatives, glycerin and Fatty Acids owing to cost-effective labor.
Increasing uptake of biopharmaceuticals can drive the market growth, since they are moderately becoming popular in the industry because of being similar to natural biological compounds found in the human body; thus, they offer high efficacy and fewer side-effects. The efficacy and safety associated with biopharmaceutical products, combined with their ability to address previously untreatable conditions, allows pharmaceutical companies to command high prices for innovative drugs, thus contributing significantly to their overall revenue.
Restraining factor for the market is cost and time - intensive drug development process. Late-stage failures in the drug development process increase R&D costs which causes impact on the profit margins of pharmaceutical companies. Thus, although excipient and drug production have seen significant advances in recent years, the requirement of high capital investments is expected to hamper market growth during the forecast period.
Key Questions Addressed by the Report?
Which are the top industry players in the global pharmaceutical excipients coatings market?
Which geographical region is dominating in the global pharmaceutical excipients market?
Which is the leading global formulations?
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Global Pharmaceutical Excipients Market Outlook
4.2 Market Dynamics
5 Global Pharmaceutical Excipients Market, By Product
5.1 Y-o-Y Growth Comparison, By Formulations
5.2 Global Pharmaceutical Excipients Market Share Analysis, By Product
5.3 Global Pharmaceutical Excipients Market Size and Forecast, By Product
5.3.1. Organic chemicals
5.3.2. Inorganic chemicals
6 Global Pharmaceutical Excipients Market, By Formulations
6.1 Y-o-Y Growth Comparison, By Formulations
6.2 Global Pharmaceutical Excipients Market Share Analysis, By Formulations
6.3 Global Pharmaceutical Excipients Market Size and Forecast, By Formulations
6.3.1 Oral formulations
6.3.2 Topical formulations
6.3.3 Parenteral formulations
7. Global Pharmaceutical Excipients, By Region
7.1 Global Pharmaceutical Excipients Market Share Analysis, By Region
7.2 Global Pharmaceutical Excipients Market Share Analysis, By Region
7.3 Global Pharmaceutical Excipients Market Size and Forecast, By Region
8. North America Pharmaceutical Excipients Market Analysis and Forecast (2021- 2027)
9. Europe Pharmaceutical Excipients Market Analysis and Forecast (2021-2027)
10. Asia Pacific Pharmaceutical Excipients Market Analysis and Forecast (2021-2027)
11. Latin America Pharmaceutical Excipients Market Analysis and Forecast (2021-2027)
12. Middle East Pharmaceutical Excipients Market Analysis and Forecast (2021-2027)
13 Competitive Analysis
13.1 Competition Dashboard
13.2 Market share Analysis of Top Vendors
13.3 Key Development Strategies
14 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/okka8n
View source version on businesswire.com: https://www.businesswire.com/news/home/20220121005433/en/
Laura Wood, Senior Press Manager
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