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Pharmaceutical Excipients (Organic chemical (Carbohydrate, Petrochemical), Inorganic chemical) Market – Global …


DUBLIN–(BUSINESS WIRE)–Apr 19, 2018–The “Pharmaceutical Excipients Market by Type (Organic chemical (Carbohydrate, Petrochemical), Inorganic chemical), Functionality (Filler, Coating, Disintegrant, Binder), Formulation (Tablet, Capsule, Topical, Parenteral) – Global Forecast to 2023” report has been added to ResearchAndMarkets.com‘s offering.

The pharmaceutical excipients market is expected to reach USD 8.53 billion by 2023 from USD 6.40 billion in 2018, at a CAGR of 5.9%

The overall growth of the pharmaceutical excipients market is largely driven by the growing pharmaceutical market along with the advancements in functional excipients, growing generics market, rapidly growing biopharmaceuticals sector, emergence of multifunctional & co-processed excipients, shifting focus of pharmaceutical manufacturing to emerging markets, and the growing biosimilar industry. However, the increasing regulatory stringency, cost and time-intensive drug development process, and the quality concerns of excipient manufacturers represent a significant challenge to the market growth.

On the basis of functionality, the pharmaceutical excipients market is segmented into fillers & diluents, binders, suspending & viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifying agents, and other functionalities.

The lubricants & glidants segment is expected to grow at the highest CAGR during the forecast period. This is primarily attributed to the rising uptake of these excipients to reduce clumping of ingredients and friction between a tablet and the dye cavity along with increasing flowability.

Market Dynamics

Market Drivers

Growth of the Pharmaceuticals Market Backed By Functional ExcipientsSurge in the Generics MarketIncreasing Uptake of Biopharmaceuticals

Market Restraints

Cost and Time-Intensive Drug Development ProcessIncreasing Regulatory Stringency

Market Opportunities

Multifunctionality Excipients are Proving to Be Emerging Areas of New Product DevelopmentShifting Focus of Pharmaceutical Manufacturing to Emerging CountriesGrowth in the Biosimilars Market

Market Challenges

Safety and Quality Concerns

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Insights

7 Pharmaceutical Excipients Market, By Product

8 Pharmaceutical Excipients Market, By Functionality

9 Pharmaceutical Excipients Market, By Type of Formulation

10 Pharmaceutical Excipients Market, By Region

11 Competitive Landscape

12 Company Profiles

Archer Daniels MidlandAshlandAssociated British FoodsBASFCrodaDowdupontEvonik IndustriesInnophos HoldingsKerryLubrizolRoquetteSignetWacker Chemie

For more information about this report visit https://www.researchandmarkets.com/research/45grk5/pharmaceutical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180419006130/en/

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Related Topics:Pharmaceutical Intermediates

KEYWORD:

INDUSTRY KEYWORD: HEALTH PHARMACEUTICAL

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 04/19/2018 12:40 PM/DISC: 04/19/2018 12:41 PM

http://www.businesswire.com/news/home/20180419006130/en

Copyright Business Wire 2018.



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