DUBLIN, June 2, 2022 /PRNewswire/ — The “Global Pharmaceutical Excipients Market Report 2022: By Feature, By Type, By Product” report has been added to ResearchAndMarkets.comit is offer.
The major players in the pharmaceutical excipients market are Archer Daniels Midland Co., Associated British Foods, Dow Chemical Company, Evonik, Croda International Plc, Ashland, BASF SE, The Lubrizol Corporation, and Roquette Freres.
The global pharmaceutical excipients market is expected to grow from $8.13 billion in 2021 for $8.60 billion in 2022 at a compound annual growth rate (CAGR) of 5.9%. The market should reach $10.88 billion in 2026 at a CAGR of 6.0%.
The pharmaceutical excipients market consists of sales of pharmaceutical excipients and related services. The excipient is a substance, not an active pharmaceutical ingredient (API), that has been assessed for safety and intentionally added to a drug delivery system. The primary roles of the excipient are to protect, support, enhance stability, bioavailability, patient acceptability, and aid in efficacy. The market consists of revenues generated by the company’s manufacture of pharmaceutical excipients through the sale of these excipients
The major product types in pharmaceutical excipients are inorganic chemicals and organic chemicals. Pharmaceutical inorganic chemistry concerns the manufacture, physical or chemical characteristics of substances, dosage techniques and applications of inorganic substances used as pharmaceutical auxiliaries, treatments and diagnostics.
The various functionalities include fillers and extenders, suspending and viscosity agents, coating agents, binders, flavoring agents and sweeteners, disintegrants, colorants, lubricants and gliders, others and involve various formulations such as oral formulation, topical formulation, parental formulation.
North America is the largest region in the Pharmaceutical Excipients Market in 2021. Middle East is expected to be the fastest growing region during the forecast period. The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The global boom in generic drug sales has contributed to the growth of the pharmaceutical excipients market. Generic drugs are alternatives to the brand name drug marketed in the same dosage form, same safety, same strength, same route of administration and same quality. According to the India Brand Equity Foundation (IBEF), India is the largest supplier of generic drugs, the country’s generic drugs account for 20% of global generic drug exports. Indian pharmaceutical companies have received 300 generic drug approvals in the UNITED STATES. The surge in demand for generic drugs is driving the pharmaceutical excipients market.
Safety and quality concerns are expected to limit the growth of the pharmaceutical excipients market. According to the Pharmaceutical Journal, there are certain complications in children with the use of pharmaceutical drugs with excipients. For example, dyes used in medicine as dyes can cause sensitivity reactions and hyperactive behavior in children.
Ethanol is another widely used solvent in an oral liquid formulation, the use of ethanol combination medications for children may pose a risk of acute poisoning in overdose and may lead to chronic toxicity in case of long-term use. Safety and quality concerns are expected to limit the growth of the pharmaceutical excipients market.
Increasing research and development in pharmaceutical formulation to improve production process and product quality by using multifunctional excipients is a trend shaping the market. Excipients play an important role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment efficacy.
For example, the recently launched EUDRAGIT FS 100 by Evonik is a solid version of the existing EUDRAGIT FS 30 D. This new multifunctional version allows pharmaceutical companies to use the polymer in many new applications, such as hot melt extrusion, solvent spray drying, and solvent coating, which were impossible to achieve in the past decades. where only the aqueous version was available.
In July 2021Philip Morris International, a United States-based cigarette and tobacco manufacturing company, has acquired Fertin Pharma for $820 million. Through this acquisition, PMI will gain significant capability in the development, formulation and commercialization of existing and new smoke-free platforms. Fertin Pharma is a Denmark based company that manufactures pharmaceutical excipients.
Main topics covered:
2. Features of the Pharmaceutical Excipients Market
3. Pharmaceutical Excipients Market Trends and Strategies
4. Impact of COVID-19 on pharmaceutical excipients
5. Pharmaceutical Excipients Market Size and Growth
5.1. Global Pharmaceutical Excipients Historic Market, 2016-2021, USD Billion
5.1.1. Market Drivers
5.1.2. Market Constraints
5.2. Global Pharmaceutical Excipients Market Forecast, 2021-2026F, 2031F, Billion USD
5.2.1. Market Drivers
5.2.2. Market Constraints
6. Pharmaceutical Excipients Market Segmentation
6.1. Global Pharmaceutical Excipients Market, Segmentation by Functionality, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD
- Fillers and thinners
- Suspending and viscosity agents
- Coating agents
- Flavoring and sweetening agents
- Lubricants and Gliders
6.2. Global Pharmaceutical Excipients Market, Segmentation by Formulation Type, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Oral formulation
- Topical formulation
- Parental formulation
6.3. Global Pharmaceutical Excipients Market, Segmentation by Product, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD
- Inorganic chemicals
- Organic chemicals
7. Regional and Country Analysis of Pharmaceutical Excipients Market
7.1. Global Pharmaceutical Excipients Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
7.2. Global Pharmaceutical Excipients Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion
- Archer Daniels Midland Co.
- Related British Foods
- Dow Chemical Company
- Croda International plc.
- BASF SE
- The company Lubrizol
- Rocket Brothers
- CMF Company
- Kerry Group plc.
- Wacker Chemicals
- Avantor Performance Materials
- Merck & Co.
- Harmless Funds
- Eastman Chemical Corporation
- P&G Chemicals
- Hunter’s Society
- JRS Pharma
- Shin-Etsu Chemical Co.
- Finar Limited
- Chemistry Fabrik Budenheim
- Liquid air
- Peter Greven GmbH & Co. KG
For more information on this report, visit https://www.researchandmarkets.com/r/i00jxj
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