Pharmaceutical excipients market is driven by the increase in demand for oral solid pharmaceutical drugs
In the organic chemicals category, carbohydrates generated the highest revenue and is expected to dominate till 2020. Pharmaceuticals Excipients Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $6.4 billion by 2020, registering a CAGR of 7.6% during the period 2015-2020. North America and Europe will continue to be the lead revenue generating economies through 2020. These regions collectively accounted for about three-fourth of share in the global pharmaceutical excipients market in 2015.
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Factors that drive the global pharmaceutical excipients market are rising demand for pharmaceutical drugs, increasing popularity of functional excipients, drug pipeline, development of novel excipients, and increasing generic drugs market caused by expiration of various bestseller drugs patents. Factors that are likely to impede the market growth include, supply chain issues, high market fragmentation, and implementation of stringent regulations.
Key findings of 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.
The key companies included in the report are 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.
PHARMACEUTICAL EXCIPIENTS MARKET KEY SEGMENTS:
By Type
Inorganic Chemicals
Calcium Phosphates
Calcium Carbonate
Calcium Sulfate
Halites
Metallic Oxides
Organic Chemicals
Carbohydrates
Sugar
Starch
Cellulose
Petrochemicals
Glycols (alcohol)
Povidones polymers
Mineral Hydrocarbons
Oleochemicals
Gelatin (Proteins)
By Function
Fillers and diluents
Binders
Coatings
Flavoring agents
Disintegrants
Colorants
Others
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