Market Overview:
The global excipients market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for oral, topical, and parenteral formulations. Inorganic excipients are expected to dominate the market during the forecast period owing to their properties such as low cost and compatibility with various drug substances. However, organic excipients are projected to grow at a higher CAGR during the forecast period due to their benefits such as improved solubility and bioavailability of drugs. North America is estimated to account for the largest share of the global excipients market in 2018, followed by Europe and Asia Pacific.
Product Definition:
A term used in pharmacology to describe a substance other than the active drug ingredient that is included in a pharmaceutical formulation. Excipients are added to improve the stability, manufacturability, and/or patient acceptability of the formulation, and may play a role in absorption or distribution of the drug.
Organic Excipients:
Organic excipients are additives used in pharmaceutical formulations to help bind or deliver active ingredients. They serve a variety of functions including coating, fillers, disintegrants, colorants and taste modifiers among others. Organic excipients can be further categorized into synthetic and natural based on their origin which includes plant & animal sources such as gums & starch derivatives among others.
Inorganic Excipients:
Inorganic excipients are the substances that act as fillers, binders or inactive ingredients in pharmaceutical formulations. Inorganic excipients can be further classified into two major groups such as polymers and minerals. The most commonly used inorganic excipient is calcium carbonate which is derived from limestone (calcium carbonate).
Application Insights:
Other formulations include injectable and ophthalmic solutions. Other topical formulations include dermal patches, transdermal systems, and others. Other parenteral formulations include intravenous solutions and injections. Other formulation segment accounted for the largest market share in 2017 owing to its wide application scope in various industries such as pharmaceuticals, nutraceuticals among others.
Oral formulations are expected to register the fastest CAGR of XX% from 2018 to 2030 on account of growing demand for tablets & pills among other oral forms of medication worldwide especially due to their easy intake by the human body.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to various factors such as high disposable income, rising awareness about health and hygiene, and increasing adoption of advanced technologies. Moreover, the presence of major excipients manufacturers in this region is expected to further boost the market growth during the forecast period.
Asia Pacific is anticipated to witness lucrative CAGR over the forecast period owing to rapid economic development coupled with growing healthcare expenditure by governments as well as individuals. In addition, increasing prevalence of chronic diseases such as cancer has led to an increase in demand for drug formulations that require little or no preparation before administration thus creating a huge demand for excipients used across pharmaceutical industries resulting into regional market growth over the projected time frame.
Growth Factors:
- Increasing demand for generics and biologics: The global market for generic drugs is expected to grow at a CAGR of 9.5% from 2016 to 2021, while the biologics market is expected to grow at a CAGR of 11.9%. This will create increased demand for excipients used in the manufacture of these drugs.
- Rising prevalence of chronic diseases: The prevalence of chronic diseases such as cancer, diabetes, and heart disease is increasing worldwide, creating greater demand for pharmaceuticals products that can treat these conditions. Excipients are essential ingredients in many pharmaceuticals products, so this will create increased demand for them.
- Growing use of polymers in drug delivery systems: Polymers are increasingly being used in drug delivery systems due to their ability to control the release rate and duration of drugs administered orally or through other routes such as injection or topical application .This will create greater demand for excipients that can be used in polymer-based drug delivery systems .
Scope Of The Report
Report Attributes
Report Details
Report Title
Excipients Market Research Report
By Type
Organic Excipients, Inorganic Excipients
By Application
Oral Formulations, Topical Formulations, Parenteral Formulations, Other Formulations
By Companies
DuPont, Roquette, Ashland, BASF, Evonik, Associated British Foods, Lubrizol, DOW, Croda International, Archer Daniels Midland, DuPont, Kerry Group, Wacker Chemie, DFE Pharma, Colorcon, JRS Pharma, Air Liquide, Hunan ER-Kang pharmaceutical, Anhui Sunhere Pharmaceutical Excipients, Toudongbao Biotechnology, Shandong Head Co., Ltd
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Excipients Market Report Segments:
The global Excipients market is segmented on the basis of:
Types
Organic Excipients, Inorganic Excipients
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oral Formulations, Topical Formulations, Parenteral Formulations, Other Formulations
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DuPont
- Roquette
- Ashland
- BASF
- Evonik
- Associated British Foods
- Lubrizol
- DOW
- Croda International
- Archer Daniels Midland
- DuPont
- Kerry Group
- Wacker Chemie
- DFE Pharma
- Colorcon
- JRS Pharma
- Air Liquide
- Hunan ER-Kang pharmaceutical
- Anhui Sunhere Pharmaceutical Excipients
- Toudongbao Biotechnology
- Shandong Head Co., Ltd
Highlights of The Excipients Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Organic Excipients
- Inorganic Excipients
- By Application:
- Oral Formulations
- Topical Formulations
- Parenteral Formulations
- Other Formulations
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Excipients Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Excipients are substances that are not essential to the function of a drug but are added to make it more effective or easier to take.
Some of the key players operating in the excipients market are DuPont, Roquette, Ashland, BASF, Evonik, Associated British Foods, Lubrizol, DOW, Croda International, Archer Daniels Midland, DuPont, Kerry Group, Wacker Chemie, DFE Pharma, Colorcon, JRS Pharma, Air Liquide, Hunan ER-Kang pharmaceutical, Anhui Sunhere Pharmaceutical Excipients, Toudongbao Biotechnology, Shandong Head Co., Ltd.
The excipients market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Excipients Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Excipients Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Excipients Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Excipients Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Excipients Market Size & Forecast, 2020-2028
4.5.1 Excipients Market Size and Y-o-Y Growth
4.5.2 Excipients Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic Excipients
5.2.2 Inorganic Excipients
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oral Formulations
6.2.2 Topical Formulations
6.2.3 Parenteral Formulations
6.2.4 Other Formulations
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Excipients Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Excipients Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic Excipients
9.6.2 Inorganic Excipients
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oral Formulations
9.10.2 Topical Formulations
9.10.3 Parenteral Formulations
9.10.4 Other Formulations
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic Excipients
10.6.2 Inorganic Excipients
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oral Formulations
10.10.2 Topical Formulations
10.10.3 Parenteral Formulations
10.10.4 Other Formulations
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic Excipients
11.6.2 Inorganic Excipients
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oral Formulations
11.10.2 Topical Formulations
11.10.3 Parenteral Formulations
11.10.4 Other Formulations
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic Excipients
12.6.2 Inorganic Excipients
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oral Formulations
12.10.2 Topical Formulations
12.10.3 Parenteral Formulations
12.10.4 Other Formulations
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic Excipients
13.6.2 Inorganic Excipients
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oral Formulations
13.10.2 Topical Formulations
13.10.3 Parenteral Formulations
13.10.4 Other Formulations
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Excipients Market: Competitive Dashboard
14.2 Global Excipients Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DuPont
14.3.2 Roquette
14.3.3 Ashland
14.3.4 BASF
14.3.5 Evonik
14.3.6 Associated British Foods
14.3.7 Lubrizol
14.3.8 DOW
14.3.9 Croda International
14.3.10 Archer Daniels Midland
14.3.11 DuPont
14.3.12 Kerry Group
14.3.13 Wacker Chemie
14.3.14 DFE Pharma
14.3.15 Colorcon
14.3.16 JRS Pharma
14.3.17 Air Liquide
14.3.18 Hunan ER-Kang pharmaceutical
14.3.19 Anhui Sunhere Pharmaceutical Excipients
14.3.20 Toudongbao Biotechnology
14.3.21 Shandong Head Co., Ltd
