Global Pharmaceutical Excipients Market Trends And Strategies Of Major Players In The Pharmaceutical Excipients Market 2021-2030

9 Dec, 2021

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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 evaluated for safety, and intentionally added in a drug delivery system. Excipient's major roles are to protect, support, enhance stability, bioavailability, patient acceptability, and assist in the effectiveness. The market consists of revenue generated by the company’s manufacturing the pharmaceutical excipients by the sales of these excipients.

Global Pharmaceutical Excipients Market Size And Drivers:

The global pharmaceutical excipients market is expected to grow from $6.21 billion in 2020 to $6.58 billion in 2021 at a compound annual growth rate (CAGR) of 6%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pharmaceutical excipients market is expected to reach $8.68 billion in 2025 at a CAGR of 7%. The global surge in the sale of generic drugs contributed to the growth of the pharmaceutical excipients market.

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Trends In The Global Pharmaceutical Excipients Market

The increase in research and development in the pharmaceutical formulation to enhance the production process and product quality by using multi-functional excipients is a trend shaping the market. Excipients play a significant role in helping pharmaceutical manufacturers better support patients by increasing compliance and treatment effectiveness. For instance, Evonik’s newly launched EUDRAGIT FS 100 is a solid version of the existing EUDRAGIT FS 30 D. This new multi-functional version allows pharmaceutical companies to use the polymer in many new applications, such as hot-melt extrusion, solvent spray-drying, and solvent coating, which was impossible to achieve in past decades where only the aqueous version was available.

Global Pharmaceutical Excipients Market Segments:
The global pharmaceutical excipients market is further segmented –
By Functionality: Fillers And Diluents, Suspending And Viscosity Agents, Coating Agents, Binders, Flavoring Agents And Sweeteners, Disintegrants, Colorants, Lubricants And Glidants, Others
By Type Of Formulation: Oral Formulation, Topical Formulation, Parental Formulation
By Product: Inorganic Chemicals, Organic Chemicals
By Geography: The global pharmaceutical excipients market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Pharmaceutical Excipients Market At:

https://www.thebusinessresearchcompany.com/report/pharmaceutical-excipients-global-market-report-2020-30-covid-19-growth-and-change

Pharmaceutical Excipients Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides pharmaceutical excipients market overviews, analyzes and forecasts market size and growth for the global pharmaceutical excipients market, pharmaceutical excipients market share, pharmaceutical excipients market players, pharmaceutical excipients market segments and geographies, pharmaceutical excipients market’s leading competitors’ revenues, profiles and market shares. The pharmaceutical excipients market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.