- The key vendors in the global binders excipients market 2015-2019 are Ashland, BASF, Colorcon, Croda and EMD Millipore.
London, 11 September 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global binders excipients market 2015-2019. Shift from wet granulation to direct compression technique in tablets is one of the major trends upcoming in the market. This shift to direct compression technique will be due to the price constraints associated with wet granulation process. Direct compression technique employs binder excipients extensively, which is expected to propel the market growth. The global binder excipients market is expected to grow at a CAGR of 4.93% during the forecast period of 2014-2019.
The market is driven by the rise in popularity of the oral solid dosage form (OSDF). The ease of administration makes the oral form of medication the most preferred route of administration. The introduction of oral dosage forms of medicines, which are currently available only as injections and insertions, is a possibility in the near future.
“The fast dissolving dosage form (FDDF) market has gained popularity in the US, the largest market for binder excipients. FDDFs disintegrate and release the API of a drug as soon as the tablets are consumed, which make these popular among end-users,” says Faisal Ghaus, Vice President of Technavio Research.
“FDDFs are the most preferred option for the elderly, who might face difficulty in swallowing oral formulations.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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