Excipients Market Analysis, Share, Size & Trends [2031]
Excipients Market Analysis, Share, Size & Trends [2031]
Segments - Excipients Market by Products (Polymers [Methyl Cellulose, Ethyl Cellulose, MCC, HPMC, Providone, CMC, Pregelatinized Starch, Croscarmellose Sodium, Sodium Starch Glycolate, Acrylic Polymers, and Polyethylene Glycol], Alcohols [Propylene Glycol, Manitol, Glycerin, Sorbitol, and Others], Sugars [Sucrose, Lactose, and Others], Minerals [Clay, Calcium Carbonate, Calcium Phosphate, Titanium dioxide, Silicon Dioxide, and Others], and Gelatin) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023-2031
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| Report ID :HC-1895
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| 170 Pages
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Report Description
Excipients Market Outlook 2031
The global excipients market size was USD 9.51 Billion in 2022 and is estimated to reach USD 13.57 Billion by 2031 expand at a significant CAGR 4.03% during the forecast period, 2023-2031. The growth of the market is attributed to increase in demand for excipients that are multifunctional and a rise in the use of generic medicines.
The usage of excipient has increased over the past few years as they are better in performance and proved to be an advantage in the competition. Inactive substances that are used as a medium in the formulation of drugs or other active substances in to make them stabilize for a long term are known as excipients.
They act as an important factor in the formulation of these medicinal drugs and in the treatment of generic illness. Excipients do not possess medical properties and are inactive but are used for the better absorption of the drugs. It is very important to choose the suitable excipient for a drug to be added during the development process. Along with providing stability to the drug, excipients also increase the effectiveness and integrity of the product.
The outbreak of COVID-19 pandemic had a negative impact on the excipients market as lockdown was imposed globally and the manufacturing process was put on hold due to disrupted supply of raw materials. Furthermore, new laws and regulations were framed and imposed in order to establish maximum safety for the patients after consumption of drugs. However, the momentum started to build after the lockdown ended as there was surge in the demand for few drugs that were needed for the treatment of COVID-19. This presents a key aspect, which would definitely help to accelerate the development of the market.
Excipients Market Trends, Drivers, Restraints, and Opportunities
- Continuous research by pharmaceuticals firms in order to come up with ideal or near to ideal substances that can be used as excipients in the formulation and development of drugs is anticipated to drive the market expansion.
- Expiration of patents for blockbuster drugs is anticipated to propel the market growth as when the patents expire generic drug companies are able to develop their replicas that can save up to 80% of the original price.
- Increase in demand for substances that are novel and support non-particle drug delivery for medications of oncology in order to provide more stability and adoption of medicines for cancer treatment are expected to boost the growth of the market.
- A lack or absence of a uniform regulatory process for the approval of excipients for the drug development is a major restraining factor expected to hinder the growth of the market during the forecast period.
Scope of The Excipients Market Report
The report on the global excipients market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Excipients Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products (Polymers [Methyl Cellulose, Ethyl Cellulose, MCC, HPMC, Providone, CMC, Pregelatinized Starch, Croscarmellose Sodium, Sodium Starch Glycolate, Acrylic Polymers, and Polyethylene Glycol], Alcohols [Propylene Glycol, Manitol, Glycerin, Sorbitol, and Others], Sugars [Sucrose, Lactose, and Others], and Minerals [Clay, Calcium Carbonate, Calcium Phosphate, Titanium Dioxide, Silicon Dioxide, and Others], and Gelatin) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Eastman Chemical Corp.; P&G Chemicals; Avantor Performance Materials LLC; Huntsman Corp.; BASF SE; Ashland Inc.; FMC Corp.; Roquette; Colorcon Inc.; Lubrizol Corp.; Valeant; JRS Pharma; Shin-Etsu Chemical Co., Ltd.; DFE Pharma; and Finar Ltd. |
Excipients Market Segment Insights
Polymers segment held a key share of the market
On the basis of products, the excipients market is segmented into polymers, alcohol, sugars, minerals, and gelatin. The polymers segment is further divided into methyl cellulose, ethyl cellulose, MCC, HPMC, providone, CMC, pregelatinized starch, croscarmellose sodium, sodium starch glycolate, acrylic polymers, and polyethylene glycol.
The alcohols segment is sub-categorized as propylene glycol, manitol, glycerin, sorbitol, and others. The sugars segment is further divided into sucrose, lactose, and others while the minerals segment is sub-divided into clay, calcium carbonate, calcium phosphate, titanium dioxide, silicon dioxide, and others.
The polymers segment held a key share of the market with a large revenue contribution from various sub-segments including MCC, HPMC, and CMC, representing nearly 40% of the global market share in 2019. The growth of the segment can be attributed to an increase in the usage of capsules, tablets, and suspensions.
In process of drug development, polymers have multiple important functionalities that improves the shelf life of the drugs and provides strength to them as well. That is why, they are highly used in pharmaceutical research & developments. Besides polymers, the sugars segment was the second-largest segment in 2019 and is expected to register a substantial growth rate in the coming years owing to their porous nature and spherical shape that makes them low friable and proved flow ability.
Asia Pacific is anticipated to grow at a rapid pace
In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market was led by Europe in 2019 with accounting for a share of nearly 30.2% of the total revenue and is projected to constitute a major share of the market in the coming years.
The regional market growth is owing to presence of scientific guidelines on excipients by European Medicines Agency that helps regional pharmaceutical firms to come up with applications for medicines for marketing authorizations.
Moreover, the presence of big companies such as FMC Corp. and Avantor Performance Materials Inc. in the regional plays an important for the market expansion. However, the market of Asia Pacific is anticipated to grow at a rapid pace attributed to presence of a high number of medical needs in the region due to existing unmet requirement and expansion of the generic medicine market.
Segments
The global excipients market has been segmented on the basis of
Products
- Polymers
- Methyl Cellulose
- Ethyl Cellulose
- MCC
- HPMC
- Providone
- CMC
- Pregelatinized Starch
- Croscarmellose Sodium
- Sodium Starch Glycolate
- Acrylic Polymers
- Polyethylene Glycol
- Alcohols
- Propylene Glycol
- Manitol
- Glycerin
- Sorbitol
- Others
- Sugars
- Sucrose
- Lactose
- Others
- Minerals
- Clay
- Calcium Carbonate
- Calcium Phosphate
- Titanium Dioxide
- Silicon Dioxide
- Others
- Gelatin
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Eastman Chemical Corp.
- P&G Chemicals
- Avantor Performance Materials LLC
- Huntsman Corp.
- BASF SE
- Ashland Inc.
- FMC Corp.
- Roquette
- Colorcon Inc.
- Lubrizol Corp.
- Valeant
- JRS Pharma
- Shin-Etsu Chemical Co. Ltd.
- DFE Pharma
- Finar Ltd.
Competitive Landscape
Key players competing in the global excipients market are Eastman Chemical Corp.; P&G Chemicals; Avantor Performance Materials LLC; Huntsman Corp.; BASF SE; Ashland Inc.; FMC Corp.; Roquette; Colorcon Inc.; Lubrizol Corp.; Valeant; JRS Pharma; Shin-Etsu Chemical Co., Ltd.; DFE Pharma; and Finar Ltd. Many of these players have adopted business strategies such as the development of novel and multifunctional excipients, merger, partnership, and production capacity expansion to increase their market position and expand their consumer base globally.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Excipients Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Excipients Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Excipients Market - Supply Chain
4.5. Global Excipients Market Forecast
4.5.1. Excipients Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Excipients Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Excipients Market Absolute $ Opportunity
5. Global Excipients Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Excipients Market Size and Volume Forecast by Applications
5.3.1. Polymers Alcohols Sugars Minerals Gelatin
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Excipients Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Excipients Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Excipients Demand Share Forecast, 2019-2026
7. North America Excipients Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Excipients Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Excipients Market Size and Volume Forecast by Applications
7.4.1. Polymers Alcohols Sugars Minerals Gelatin
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Excipients Demand Share Forecast, 2019-2026
8. Latin America Excipients Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Excipients Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Excipients Market Size and Volume Forecast by Applications
8.4.1. Polymers Alcohols Sugars Minerals Gelatin
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Excipients Demand Share Forecast, 2019-2026
9. Europe Excipients Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Excipients Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Excipients Market Size and Volume Forecast by Applications
9.4.1. Polymers Alcohols Sugars Minerals Gelatin
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Excipients Demand Share Forecast, 2019-2026
10. Asia Pacific Excipients Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Excipients Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Excipients Market Size and Volume Forecast by Applications
10.4.1. Polymers Alcohols Sugars Minerals Gelatin
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Excipients Demand Share Forecast, 2019-2026
11. Middle East & Africa Excipients Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Excipients Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Excipients Market Size and Volume Forecast by Applications
11.4.1. Polymers Alcohols Sugars Minerals Gelatin
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Excipients Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Excipients Market: Market Share Analysis
12.2. Excipients Distributors and Customers
12.3. Excipients Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Eastman Chemical Corp. P&G Chemicals Avantor Performance Materials LLC Huntsman Corp. BASF SE Ashland Inc.
Methodology
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