While these two restraints remain a major concern, the scenario is anything but
gloomy for companies operating in the global pharmaceutical excipients market. As
companies strive to improve the efficacy and delivery of drugs, new opportunities
are bound to emerge even in the pharma excipients space. For instance, the rising
interest in nanotechnology in drug delivery and endeavors to reduce the toxicity of
drugs are initiatives that will pave the way for the use of innovative excipients.
Opportunities in the global pharmaceutical excipients market are primarily centered
on the growing scientific understanding of functionality excipients.
Global Pharmaceutical Excipients Market: Segmentation
If broadly classified according to type, the global market for pharmaceutical
excipients can be segmented into organic and inorganic. Carbohydrates and
petrochemicals are the two main classes of organic excipients. Inorganic excipients
include such substances as metal oxides, calcium carbonates, calcium phosphates,
and halites.
Excipients can be used in different types of drug formulation, including but not
limited to: oral formulation such as capsules and tablets, parenteral drugs, topical
application drugs, and advanced drug delivery systems. The use of excipients in oral
drug administration has traditionally been the highest and continues to stay so.
Topical drugs are infusing new growth into the global pharmaceutical excipients
market.
Based on functionality, pharmaceutical excipients serve as flavoring agents,
binders, coatings, preservatives, viscosity agents, lubricants, and more.
Global Pharmaceutical Excipients Market: Region-wise Outlook
Europe has a sizeable pharmaceuticals excipients market, which is also among the
largest in the world. North America follows Europe in terms of the size of the
excipients market. Globally, Asia Pacific is yet another sizeable pharmaceutical
excipients market.
Organizations such as the International Pharmaceutical Excipient Councils function
on the global and regional level to promote the proper and safe usage of pharma
excipients. Among the key companies operating in the global pharmaceutical
excipients market are: BASF SE, Evonik Industries AG, Ashland, Inc., Archer Daniels
Midland Company, Croda International Plc.
The report offers a comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections about market size. The
projections featured in the report have been derived using proven research
methodologies and assumptions. By doing so, the research report serves as a
repository of analysis and information for every facet of the market, including but
not limited to: Regional markets, technology, types, and applications.