Global Pharmaceutical Excipients Market Size, Share, Growth, Trends, Company Analysis and Forecast 2019-2026

The pharmaceutical excipients market size is expected to reach USD 9.86 billion by 2026 from USD 6.82 billion in 2018, at a CAGR of 5.8% from forecast period 2019 to 2026. Rapid growth of the pharmaceutical industry, increasing geriatric population, rising prevalence of chronic diseases, advancements in functional excipients and the swiftly growing biopharmaceuticals sector are driving the growth of the global pharmaceutical excipients market.

Pharmaceutical excipients are substances other than the pharmacologically active drug or prodrug which are included in the manufacturing process or are contained in a finished pharmaceutical product dosage form. Pharmaceutical excipients are used in the pharmaceutical drugs for the purposes of aiding the manufacturing process, to protect, support or enhance stability, and bioavailability of the drug. Pharmaceutical excipients help in transporting the active drug to the site in the body where the drug is intended to exert its action as well as keep the drug from being released too early in the assimilation process in places where it could damage tender tissue and create gastric irritation or stomach upset. Thus, the global rise of the pharmaceutical industry propelled by the increasing demand for generic drugs is driving the global pharmaceutical excipients market.

Even though the factors such as global surge in the sale of generic drugs, rising use of biopharmaceuticals as well as rising geriatric population are driving the global pharmaceutical excipients market. The stringent regulatory approval process and cost and time intensive nature of the drug development process are expected to hold back the growth of the market over the forecast period.

The report analyzes the pharmaceutical excipients market and aims at estimating the market size and future growth potential of this market based on various segments such as product, formulation, functionality, and region. The report also provides a competitive analysis of the key players in this market, along with their company profiles, product offerings, recent developments, and key market strategies.

The base year for the study has been considered 2018, historic year 2016 and 2017 and, the forecast period considered is from 2019 to 2026. The global pharmaceutical excipients market is analysed on the basis of value (USD Billion).
The study delivers a comprehensive analysis of global pharmaceutical excipients market by type, functionality, formulation and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.

Porter’s Five Forces model is used in order to recognize the competitive scenario in the global pharmaceutical excipients market. This report incorporates the industry analysis which is focused on providing an extensive view of the pharmaceutical excipients market.

The study also includes attractiveness analysis of type, functionality, formulation and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.

The report provides company profile of the key players operating in the pharmaceutical excipients market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.

The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Key players in the global pharmaceutical excipients market are Ashland, BASF SE, DowDuPont, Roquette, Evonik, Associated British Foods, Archer Daniels Midland Company, Lubrizol, Croda, Innophous Holdings, Kerry Group, Wacker Chemie, Signet, Avantor Performance Materials, Inc., FMC Corporation, Colorcon, Inc., Eastman Chemical Corporation, P&G Chemicals, Huntsman Corporation, Merck, Valeant, JRS Pharma, Shin-Etsu Chemical Co., Ltd., DFE Pharma, Finar Limited, among others. Key players active in the market are involved in collaborative agreements and expansion to bolster the growth of the market.

Segmentation:

Global Pharmaceutical Excipients Market by Type:

  • Organic Chemicals
    • Oleochemicals
      • Fatty Alcohols
      • Mineral Stearates
      • Glycerin
      • Others
    • Carbohydrates
      • Sugars
        • Actual Sugars
          • Lactose
          • Sucrose
          • Dextrose
        • Sugar Alcohols
          • Sorbitol
          • Mannitol
          • Others
        • Artificial Sweeteners
      • Cellulose
        • Microcrystalline Cellulose
        • Cellulose Ethers
        • CMC and Croscarmellose Sodium
        • Cellulose Esters
      • Starch
        • Modified Starch
        • Dried Starch
        • Converted Starch
    • Petrochemicals
      • Glycols
        • Polyethylene Glycol
        • Prolylene Glycol
      • Povidones
      • Mineral Hydrocarbons
        • Petrolatum
        • Mineral Waxes
        • Mineral Oils
      • Acrylic Polymers
      • Others
    • Protein
    • Others
  • Inorganic Chemicals
    • Calcium Phosphates
    • Metal Oxides
    • Halites
    • Calcium Carbonates
    • Calcium Sulfates
    • Others
  • Others

Global Pharmaceutical Excipients Market by Functionality:

  • Fillers & Diluents
  • Suspending & Viscosity Agents
  • Coating Agents
  • Binders
  • Disintegrants
  • Flavoring Agents & Sweeteners
  • Lubricants & Glidants
  • Colorants
  • Preservatives
  • Emulsifying Agents
  • Other Functionalities

Global Pharmaceutical Excipients Market by Formulation:

  • Oral Formulations
    • Tablets
    • Liquid Formulations
    • Capsules
      • Hard Gelatin Capsules
      • Soft Gelatin Capsules
  • Topical Formulations
  • Parenteral Formulations
  • Others

Global Pharmaceutical Excipients Market by Region:

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of  Middle East and Africa

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations

2 Research Methodology
2.1 Research Approach
2.1.1 Secondary Research
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Research
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primaries
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.3 Data Triangulation Approach
2.4 Market Share Estimation
2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Pharmaceutical Excipients: Market Overview
4.2 Pharmaceutical Excipients Market: Geographic Growth Opportunities
4.3 Regional Mix: Pharmaceutical Excipients Market (2019-2025)
4.4 Asia Pacific: Pharmaceutical Excipients Market Share, By Formulation (2018)
4.5 Pharmaceutical Excipients Market: Developed Vs. Developing Markets (USD Million)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Market Drivers
5.2.1.1 Growth of the Pharmaceuticals Market Backed By Functional Excipients
5.2.1.2 Surge in the Generics Market
5.2.1.3 Increasing Uptake of Biopharmaceuticals
5.2.1.4 Rising Adoption of Orphan Drugs
5.2.2 Market Restraints
5.2.2.1 Cost and Time-Intensive Drug Development Process
5.2.2.2 Increasing Regulatory Stringency
5.2.3 Market Opportunities
5.2.3.1 Multifunctional Excipients
5.2.3.2 Shifting Focus of Pharmaceutical Manufacturing to Emerging Countries
5.2.3.3 Growth in the Biosimilars Market
5.2.4 Market Challenges
5.2.4.1 Safety and Quality Concerns
5.2.4.2 Changing Trade Policies Between Countries

6 Industry Insights
6.1 Introduction
6.2 Industry Trends
6.2.1 Rising Demand and Emphasis on Co-Processed Excipients
6.2.2 Improving Excipient Capabilities By Using Nanotechnology
6.2.3 Increasing use of Direct Compression in Oral Dosage Formulations
6.2.4 Pharmaceutical Excipients Influencing the Cost of Production
6.3 Regulatory Analysis
6.3.1 North America
6.3.1.1 US
6.3.1.2 Canada
6.3.2 Europe
6.3.3 Asia Pacific
6.3.3.1 Japan
6.3.3.2 China
6.3.3.3 India

7 Pharmaceutical Excipients Market, By Product
7.1 Introduction
7.2 Organic Chemicals
7.2.1 Oleochemicals
7.2.1.1 Increasing Demand for Environmentally Friendly Excipients to Drive the Growth of This Market
7.2.1.2 Fatty Alcohols
7.2.1.3 Mineral Stearates
7.2.1.4 Glycerin
7.2.1.5 Other Oleochemicals
7.2.2 Carbohydrates
7.2.2.1 Increasing Application of Carbohydrates in New Drug Delivery Forms to Boost Market Growth
7.2.2.2 Sugars
7.2.2.2.1 Actual Sugars
7.2.2.2.1.1 Lactose
7.2.2.2.1.2 Sucrose
7.2.2.2.1.3 Dextrose (D-Glucose)
7.2.2.2.2 Sugar Alcohols
7.2.2.2.2.1 Mannitol
7.2.2.2.2.2 Sorbitol
7.2.2.2.2.3 Other Sugar Alcohols
7.2.2.2.3 Artificial Sweeteners
7.2.2.3 Cellulose
7.2.2.3.1 Microcrystalline Cellulose
7.2.2.3.2 Cellulose Ethers
7.2.2.3.3 CMC and Croscarmellose Sodium
7.2.2.3.4 Cellulose Esters
7.2.2.4 Starch
7.2.2.4.1 Modified Starch
7.2.2.4.2 Dried Starch
7.2.2.4.3 Converted Starch
7.2.3 Petrochemicals
7.2.3.1 Glycols
7.2.3.1.1 Glycols are the Most Widely Used Petrochemical Excipients for Pharmaceutical Applications
7.2.3.1.2 Polyethylene Glycol
7.2.3.1.3 Propylene Glycol
7.2.3.2 Povidones
7.2.3.2.1 Rising Demand for Fast-Dissolving Tablets is Expected to Propel the Market for Povidones
7.2.3.3 Mineral Hydrocarbons
7.2.3.3.1 High Adoption in Topical Formulations to Drive Market Growth
7.2.3.3.2 PetRoLAtum
7.2.3.3.3 Mineral Waxes
7.2.3.3.4 Mineral Oils
7.2.3.4 Acrylic Polymers
7.2.3.4.1 Wide use of Acrylic Polymers in Controlled-Release Drug Formulations to Drive the Growth of This Market
7.2.3.5 Other Petrochemicals
7.2.4 Proteins
7.2.4.1 Rising Application of Proteins as Carriers for Microparticles and Nanoparticles to Drive This Market
7.2.5 Other Organic Chemicals
7.3 Inorganic Chemicals
7.3.1 Calcium Phosphate
7.3.1.1 Chemical Purity and Low Incompatibility With Drugs Aid Their High Usage in the Pharmaceutical Industry
7.3.2 Metal Oxides
7.3.2.1 Availability of Silicon Oxides in the Hydrophobic, Hydrophilic, and Granulated Forms to Aid Market Growth
7.3.3 Halites
7.3.3.1 Increased Utilization of Halites in Vaccines, as Well as Controlled-Release Formulations, is Driving Their Demand in the Market
7.3.4 Calcium Carbonate
7.3.4.1 Properties Such as Short Disintegration Time and Excellent Mechanical Strength for Oral Dosage Formulations to Drive the Market
7.3.5 Calcium Sulfate
7.3.5.1 Calcium Sulfate is a Cost-Effective, Quality Enhancing Diluent for Solid Dosage Forms
7.3.6 Other Inorganic Chemicals
7.4 Other Chemicals

8 Pharmaceutical Excipients Market, By Functionality
8.1 Introduction
8.2 Fillers & Diluents
8.2.1 Diluents Offer Properties Such as Improved Cohesion, Direct Compression, and Flow to the Final Dose in Tablets
8.3 Suspending & Viscosity Agents
8.3.1 Suspensions Offer Advantages Such as Drug Stability, Masked Taste of Insoluble Ingredients, and Prolonged Drug Action
8.4 Coating Agents
8.4.1 The Increasing Utilization of Sustained-Release Formulations in the Pharmaceutical Industry is Driving This Market Segment
8.5 Binders
8.5.1 Binders Provide the Properties of Fluidity and Compressibility That are Essential for Tablet Manufacturing
8.6 Flavoring Agents & Sweeteners
8.6.1 Flavoring Agents are Used to Improve the Palatability of Drugs
8.7 Disintegrants
8.7.1 Disintegrants Allow Tablets and Capsules to Pack a Powerful Portion of Medications in a Small Form That is Easier to Ingest
8.8 Colorants
8.8.1 Coloring Agents are Used in Hard and Soft Gelatin Capsules, Tablets, Oral Liquids, and Topical Creams
8.9 Lubricants & Glidants
8.9.1 Glidants Improve the Flow Properties of a Formulation By Reducing Interparticle Friction and Cohesion
8.10 Preservatives
8.10.1 Benzyl Alcohol is a Widely Used Preservative in the Pharmaceutical and Nutraceutical Industry
8.11 Emulsifying Agents
8.11.1 The use of Solubility Enhancement Excipients in Liquid Drug Formulations Helps Increase the Bioavailability of the API
8.12 Other Functionalities

9 Pharmaceutical Excipients Market, By Type of Formulation
9.1 Introduction
9.2 Oral Formulations
9.2.1 High Preference for Oral Route and Growing Focus on Novel Oral Drug Delivery Systems is Driving Market Growth
9.2.2 Tablets
9.2.3 Capsules
9.2.3.1 Hard Gelatin Capsules
9.2.3.2 Soft Gelatin Capsules
9.2.4 Liquid Formulations
9.3 Topical Formulations
9.3.1 Advantages of Topical Drug Delivery are Driving Demand for Excipients in This Segment
9.4 Parenteral Formulations
9.4.1 Emergence of New Biological Molecules to Increase the Demand for Excipients
9.5 Other Formulations

10 Pharmaceutical Excipients Market, By Region
10.1 Introduction
10.2 Europe
10.2.1 Germany
10.2.1.1 Germany Accounted for the Largest Share of the Market in 2018
10.2.2 France
10.2.2.1 Stringent Policies to Support Innovation Pose Regulatory Challenges for the Pharmaceutical Excipients Market in France
10.2.3 UK
10.2.3.1 Growing Adoption of Generics and the Development of Novel Multi-Functional Co-Processed Excipients to Drive Market Growth
10.2.4 Switzerland
10.2.4.1 Large Volume of Pharmaceuticals Produced in Switzerland Provides Huge Potential for the Utilization of Pharmaceutical Excipients
10.2.5 Italy
10.2.5.1 Budgetary Constraints and Restricted Healthcare Spending to Impede the Growth of the Italian Market
10.2.6 Spain
10.2.6.1 High Consumption of Biologics to Support Market Growth
10.2.7 Rest of Europe
10.3 North America
10.3.1 US
10.3.1.1 The US Dominates the North American Market Due to the Increasing use of Biologics and the Increasing Per Capita Pharmaceutical Spending
10.3.2 Canada
10.3.2.1 Strong Growth of the Emerging Markets and Slowdown in New Product Approvals to Hamper Market Growth in Canada
10.4 Asia Pacific
10.4.1 Japan
10.4.1.1 Rapid Growth of Japan’s Geriatric Population Will Greatly Drive the Demand for Pharmaceuticals
10.4.2 China
10.4.2.1 Chinese Government has Emphasized Generics and Off-Patent Drugs
10.4.3 India
10.4.3.1 India is a Leading Producer of Generics
10.4.4 South Korea
10.4.5 Rest of Asia Pacific
10.5 Latin America
10.5.1 Growing Geriatric Population and Disease Prevalence are Driving Market Growth
10.6 Middle East and Africa
10.6.1 Unsaturated Markets in This Region Have Drawn the Attention of Global Players

11 Competitive Landscape
11.1 Introduction
11.2 Geographical Assessment of Major Players in the Pharmaceutical Excipients Market
11.3 Competitive Leadership Mapping
11.3.1 Visionary Leaders
11.3.2 Innovators
11.3.3 Dynamic Differentiators
11.3.4 Emerging Companies
11.4 Market Share Analysis
11.4.1 Pharmaceutical Excipients Market Share Analysis, 2018
11.5 Competitive Assessment of R&D Expenditure
11.6 Competitive Situations and Trends

12 Company Profiles
Business Overview, Products Offered, Recent Developments, Author's View, SWOT Analysis
12.1 Dupont De Nemours, Inc.
12.2 Roquette Frères
12.3 Ashland Global Holdings Inc.
12.4 Evonik Industries AG
12.5 BASF SE
12.6 Kerry Group PLC
12.7 Croda International
12.8 Associated British Foods PLC
12.9 Archer Daniels Midland Company
12.10 Lubrizol Corporation
12.11 Innophos Holdings Inc.
12.12 WACKER Chemie AG
12.13 Air Liquide S.A.
12.14 Colorcon Inc.
12.15 DMV-Fonterra Excipients GmbH & Co. Kg
12.16 JRS Pharma GmbH & Co. Kg

Business Overview, Products Offered, Recent Developments, Author's View, SWOT Analysis Might Not be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights of Industry Experts
13.2 Market Sizing & Validation Approach
13.3 Discussion Guide
13.4 Knowledge Store: Subscription Portal
13.5 Available Customizations
13.6 Related Reports
13.7 Author Details

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