Pharmaceutical Excipients Market to Worth $6.4 Billion by 2026 | By Product, Business & Application

 

According to the report by Allied Market Research, titled, “Pharmaceutical Excipients Market by Type (Inorganic Chemicals (Calcium Phosphates, Calcium Carbonate, Calcium Sulfate, Halites, Metallic Oxides), Organic Chemicals (Carbohydrates, Petrochemicals)) and Function (Fillers and diluents, Binders, Coatings, Flavoring agents, Disintegrants, Colorants) – Global Opportunity Analysis and Industry Forecast, 2018-2026″. The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape.

 

Binders segment generated highest revenue in 2015 and is anticipated to maintain this trend throughout the forecast period. This is attributed to the higher use of binders in pharmaceutical drugs as compared to fillers and diluents. However, fillers and diluents led this segment in terms of volume (units) in 2015 and accounted for about one fourth of the overall market. Economical cost and high popularity of fillers and diluents across pharmaceutical and excipient industries were the key factors responsible for the dominance of filler and diluents segment.

 

 

 

1) The COVID-19 impact on the Pharmaceutical excipients market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

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Key findings of the Pharmaceutical excipients market:

•Binders generated the highest revenue accounting for about two-seventh of the overall market revenue in 2015.

•In the inorganic chemical category, halites segment is projected to grow at the highest CAGR of 29.2% during the forecast period.

•Calcium phosphate (inorganic chemical) segment is projected to reach $539.9 million by 2020 at a CAGR of 10.5%.

•In the organic chemicals category, carbohydrates generated the highest revenue and is expected to dominate till 2020.

•Disintegrates segment is projected to grow at a highest CAGR of 12.6% from 2015 to 2020.

•Proteins segment (Petrochemicals category) generated highest revenue in 2015; however, mineral hydrocarbons segment is expected to grow at the highest CAGR of 7.0% during the period under consideration.

•Asia-Pacific is anticipated to be the fastest growing pharmaceutical excipients market, for both organic and inorganic chemicals, in terms of volume and revenue during 2015 and 2020.

List of Key Players Profiled in the Report:

Ashland, Inc., BASF SE, Associated British Foods Plc, Akzo Nobel N.V., The Dow Chemical Company, Evonik, Merck, J.M. Huber Corporation, Covidien Plc, and Archer Daniels Midland.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.