Pharmaceutical Excipients market is growing at a CAGR of 6.60% Pharmaceutical Excipients market is growing at a | Page 2

According to the report “Global Pharmaceutical Excipients Market", published by Market
Data Forecast, the global market is projected to reach USD 8.11 billion by 2021, at a CAGR of
6.60% from 2016 to 2021
An excipient is a natural or synthetic constituent formulated alongside the active ingredient
of a medication, included for the purpose of inducing and catalysing a wide range of physical
and chemical properties.
The factors impacting the Global Market for Pharmaceutical Excipients Market, either
positively or negatively are presented in the DROC analysis. Increasing incidences of chronic
diseases owing to sedentary life style, hefty investments by the pharmaceutical companies
in development of medicines, implementing new novelties like nanotechnology are the
major driving forces of the market. However, decreasing the side-effects of drugs and
developing environmental friendly manufacturing processes are the major challenges faced
by the pharmaceutical industry. As discussed earlier, ever- increasing demand in the
emerging markets like Asia-Pacific and Latin America is proving to be a lucrative opportunity
for the market players if they can plan suitable expansion strategies and introduce new and
innovative products. Nevertheless, one should keep in mind that the growth of the market is
hindered to a certain level by the fact that investments in R&D by major companies are not
up to the essential level and increasing regulatory requirements which are making it
progressively difficult to get new manufacturing facilities approved.
For granular level understanding the Pharmaceutical Excipients Market is segmented based
on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for
each sub-segment.
1) By Product
 Organic Chemicals
 Inorganic Chemicals
2)
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 By Functionality
Diluents
Binders
Coatings
Disintegrants
Flavouring Agents
Lubricants
Colorants
Preservatives
3)
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 By Formulation Type
Oral Formulations
Topical Formulations
Parenteral Formulations
Advanced Delivery Systems