According to the latest market research study by Technavio, the global pharmaceutical excipients market is expected to grow at a CAGR of close to 7% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global pharmaceutical excipients market regarding revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the functionality
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The top three revenue contributing functionality segments are discussed below
Global binders and fillers market: Fillers occupy the maximum share in the global pharmaceutical excipients market and is expected to continue to dominate the market during the forecast period.
“Owing to its benefits such as non-hygroscopic, low-cost, tasteless, and compatibility with other components in the drug, fillers are often used for the addition of mass to a drug. Similarly, binders add volume to low-active-dose tablets and provide mechanical strength. As a result, they are used to keep the ingredients in tablets together,” says Ajay Adikari, a lead analyst at Technavio for research on specialty chemicals.
Global coating agents market: Coating agents is the second largest segment in the global pharmaceutical excipients market and are projected to maintain its position during the forecast period. They are used for many purposes because of its several benefits such as protection, taste masking, ease of swallowing, and easy identification. Coating agents are mostly used to form a dry outer layer on the surface of a dosage form.
Global disintegrants market: Disintegrants have good hydration capacity, poor solubility, and poor capacity of gel formation. Owing to such benefits, they are added to drug formulations for allowing easy dispersion of tablets and ingredients inside a capsule in contact with water. The segment occupies the third position in the market and is expected to post an impressive growth during the forecast period.
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The top vendors operating in the global pharmaceutical excipients market are:
- ADM
- Ashland
- BASF
- Evonik Industries
- Dow Chemical
The other prominent vendors in the market include Associated British Foods, FMC, Lubrizol, and Roquette Pharma.
A more detailed analysis is available in the Technavio market research report titled, ‘Global pharmaceutical excipients Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global Active Pharmaceutical Ingredients Market 2017-2021
- Global Homogenizers Market 2017-2021
- Global Caprolactam Market 2016-2020
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