Pharmaceutical Excipients Market Size , Share , Trends , Analysis and Forecasts To 2021
Market Research analysts forecast the global pharmaceutical excipients market to grow at a CAGR of 6.53 % during the period 2017-2021 .
The following companies as the key players in the global pharmaceutical excipients market : ADM , Ashland , BASF , Evonik Industries , and Dow Chemical .
Other Prominent Vendors in the market are : Associated British Foods , FMC , Lubrizol , and Roquette Pharma .
Commenting on the report , an analyst team said : “ The latest trend gaining momentum in the market is demand for new excipients to develop easily consumable drugs . The global pharmaceutical excipients market is significantly driven by the increasing demand for drugs that can be consumed orally . The need to produce drugs that can be swallowed easily , primarily to enhance patient comfort , especially for older people and infants , plays a major role in pushing drug manufacturers to produce easily consumable tablets . This factor , in turn , is fueling the development of new excipients in the pharmaceutical industry .
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According to the report , one of the major drivers for this market is growth in the pharmaceutical industry . The global pharmaceutical market is primarily driven by factors like changing lifestyles and unhealthy eating habits , an expanding aging population base , and increasing occurrences of chronic diseases .
Further , the report states that one of the major factors hindering the growth of this market is decreasing R & D expenditures . R & D efforts play a vital role in the development of any industry , and the global pharmaceutical excipients market is no exception . However , the R & D investments in the market are declining at present , which will have a negative impact on the growth of the market over the next five years .
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry . The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors .
About Pharmaceutical Excipients
Pharmaceutical excipients are inert substances that are generally used to manufacture different forms of drugs and are present in the finished products . Excipients help in providing long-term stability and make solid formulations bulkier . They also improve the functionality of drugs and make them safer .