Pharmaceutical Excipients Market, by Chemistry (Plants, Animals, Minerals, and Synthetic Source), by Functionality (Binders, Diluents, Glidents, and Disintegrants), by Application (Oral, Parenteral, and Topical), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027

  • Published On : Nov 2019 |
  • Pages : 237 Pages |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Pharmaceutical Excipients Market – Market Insights

Pharmaceutical excipients are designed to interact and enhance the properties of active pharmaceutical ingredients (APIs). Excipients are made to promote various ingredient qualities and have become a valuable asset for drug formulators. Excipients can be included for long-term stabilization, bulking up solid formulations that contain APIs in small amounts, or to provide an enhancement of the active ingredient in the final dosage form. Moreover, excipients are used to improve properties of the drug formulation such as increasing drug absorption, reducing viscosity, and improving solubility of APIs in the formulation.

Furthermore, patient compliance and formulation safety is offered by the use of pharmaceutical excipients in drug formulation. Excipients such as sweeteners and flavoring agent are used in the pharmaceutical formulation to mask the bitter taste of API’s, and helps to increase patient compliance for drug formulation. For instance, the International Pharmaceutical Excipient Councils (IPE) governs the global pharmaceutical excipients manufacturing by providing harmonized excipient guidelines to manufacturers. IPE provide general guideline such as Good Manufacturing Practices implementation for excipient, guideline for manufacturing site selection, safety manufacturing and others

The global pharmaceutical excipients market size was valued at US$ 6,557.6 Million in 2018, and is expected to exhibit a CAGR of 6.9% over the forecast period (2019–2027).

Figure 1. Global Pharmaceutical Excipients Market Value (US$ Mn), by Region, 2018

Pharmaceutical Excipients  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Oral and topical segment is driving pharmaceutical excipients market growth

Excipients are largely used in the production of oral dosage forms such as tablets, capsules, and liquids owing to formulation stability and shelf-life of oral dosage drugs. Moreover, based on application, the pharmaceutical excipients market is segmented into oral, topical, and parenteral.  Currently, there is growing focus on using liposomes for the delivery of topical drugs. Liposomes are used as models for artificial cells. It naturally neutralizes the pH of drug itself by protons mechanism and allowing it to freely pass through a membrane. These liposomes deliver drug by diffusion process rather than direct cell fusion. Such novel drug delivery approaches helps to propel growth of the global pharmaceutical excipients market.

Furthermore, increasing demand for novel drug formulations is a factor that is propelling growth of the global pharmaceutical excipients market. For instance, according to the research article published by The National Center for Biotechnology Information (NCBI) on June 2019, researchers from the University of Sussex developed a new oral dosage form to tackle bioavailability challenges such as drug absorption, drug metabolism and first pass metabolism of oral dosage forms. They developed Liqui-pellet oral dosages for drug delivery by using liquisolid technology that involves extrusion-spheronization process.

Figure 2. Global Pharmaceutical Excipients Market Share (%), by Application

Pharmaceutical Excipients  | Coherent Market Insights

Source: Coherent Market Insights Analysis (2019)

Patent expiries to provide opportunities for pharmaceutical excipients manufacturers

According to the McKinsey’s Global Generics report 2017, Symbicort (budesonide/formoterol fumarate dihydrate), Cialis (tadalafi), Velcade (bortezomib), Alimta (pemetrexed), Vytorin (ezetimibe and simvastatin), Cubicin (daptomycin), Reyataz (atazanavir), and Sandostatin LAR (octreotide acetate) are some of the major brands that went off-patent in 2017. This will pave way for generic brands, boosting the demand for pharmaceutical excipients

Moreover, according to the McKinsey’s Global Generics report, around US$ 97 billion worth of drugs will go off-patent over 2017 – 2019.

Furthermore, most of the key players are focusing on strategic collaboration in order to expand their product portfolio in the global pharmaceutical excipients market. For instance, in March 2019, BASF collaborated with Nuritas, a startup based in Ireland, for the launched of PeptAIde a sport nutrition product in china. PeptAIde helps to modulate inflammation for post-workout recovery, it contains a unique set of plant-based peptides, identified using artificial intelligence.

Moreover advent of biosimilars would further propel growth of the pharmaceutical excipients market. Companies are investing in development of biosimilars to capitalize on this billion dollar market opportunity. However, strict regulatory hold over approval of biosimilars is slowing the approval of biosimilars being developed, in turn hampering growth of the pharmaceutical excipients market.

Key Players

Major players operating in the global pharmaceutical excipients market include BASF SE, DOW Chemical Company, FMC Corporation, Evonik Industries AG, Croda International PLC, Ashland Inc., Roquette Group, Lubrizol Corporation, Innophos Holdings Inc., MEGGLE Excipients & Technology, and others.

Pharmaceutical excipients are critical components of a pharmaceutical dosage that ensures drug safety and efficacy. Therefore, compatibility with API, adjacent excipients, and dosage forms is essential while selecting an excipient. Various types of excipients are used in pharmaceutical formulations, which include binders, diluents, glidents, disintegrants, and others. Usage of these excipients is high in oral and topical dosage forms compared to parenteral application. These excipients are extracted from different sources such as plants, animals, minerals, or synthetically developed.

Market Dynamics

Pharmaceutical companies are focusing on technological advancements and new product launches, which is expected to drive growth of the pharmaceutical excipients market. According to the press release by Excipient World, on October 2018, BASF launched Kollidon 12 PF, Kollidon 17 PF, Kolliphor HS 15, and Kolliphor ELP, parenteral excipients that can be used for the development of small molecule formulation. These are exceptional solubilizers with attributes suited for parenteral and oral formulation of poorly soluble drug molecules.

Key features of the study:

  • This report provides in-depth analysis of the global pharmaceutical excipients market and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2019–2027), considering 2018 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global pharmaceutical excipients market based on the following parameters– company overview, financial performance, product portfolio, market presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include BASF SE, The DOW Chemical Company, FMC Corporation, Evonik Industries AG, Croda International PLC, Ashland Inc., Roquette Group, Lubrizol Corporation, Innophos Holdings Inc., MEGGLE Excipients & Technology, and others
  • Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global pharmaceutical excipients market report caters to various stakeholders in this industry, which include investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pharmaceutical excipients market

Detailed Segmentation:

  • Global Pharmaceutical Excipients Market, By Chemistry:
    • Plants
    • Animals
    • Minerals
    • Synthetic Source
  • Global Pharmaceutical Excipients Market, By Functionality:
    • Binders
    • Diluents
    • Glidents
    • Disintegrants
  • Global Pharmaceutical Excipients Market, By Application:
    • Oral
    • Parenteral
    • Topical
  • Global Pharmaceutical Excipients Market, By Region:
    • North America
      • By Chemistry:
        • Plants
        • Animals
        • Minerals
        • Synthetic Source
      • By Functionality:
        • Binders
        • Diluents
        • Glidents
        • Disintegrants
      • By Application:
        • Oral
        • Parenteral
        • Topical
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Chemistry:
        • Plants
        • Animals
        • Minerals
        • Synthetic Source
      • By Functionality:
        • Binders
        • Diluents
        • Glidents
        • Disintegrants
      • By Application:
        • Oral
        • Parenteral
        • Topical
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Chemistry:
        • Plants
        • Animals
        • Minerals
        • Synthetic Source
      • By Functionality:
        • Binders
        • Diluents
        • Glidents
        • Disintegrants
      • By Application:
        • Oral
        • Parenteral
        • Topical
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Chemistry:
        • Plants
        • Animals
        • Minerals
        • Synthetic Source
      • By Functionality:
        • Binders
        • Diluents
        • Glidents
        • Disintegrants
      • By Application:
        • Oral
        • Parenteral
        • Topical
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Chemistry:
        • Plants
        • Animals
        • Minerals
        • Synthetic Source
      • By Functionality:
        • Binders
        • Diluents
        • Glidents
        • Disintegrants
      • By Application:
        • Oral
        • Parenteral
        • Topical
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Chemistry:
        • Plants
        • Animals
        • Minerals
        • Synthetic Source
      • By Functionality:
        • Binders
        • Diluents
        • Glidents
        • Disintegrants
      • By Application:
        • Oral
        • Parenteral
        • Topical
      • By Country/Region:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • BASF SE *
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Highlights
      • Market Strategies
    • The DOW Chemical Company
    • FMC Corporation
    • Evonik Industries AG
    • Croda International PLC
    • Ashland Inc.
    • Roquette Group
    • Lubrizol Corporation
    • Innophos Holdings Inc.
    • MEGGLE Excipients & Technology

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Chemistry
      • Market Snippet, By Functionality
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Regulatory Scenario
    • Pipeline Analysis
    • Merger and Acquisition Scenario
    • PEST Analysis
    • Product Launch
  4. Global Pharmaceutical Excipients Market, By Chemistry, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Plants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Animals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Minerals
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Synthetic Source
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  5. Global Pharmaceutical Excipients Market, By Functionality, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Binders
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Diluents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Glidents
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Disintegrants
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Pharmaceutical Excipients Market, By Application, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017 – 2027
      • Segment Trends
    • Oral
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Parenteral
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Topical
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  7. Global Pharmaceutical Excipients Market, By Region, 2016 – 2027, (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, For Regions, 2017–2027
    • North America
      • Market Size and Forecast, By Chemistry, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Functionality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Latin America
      • Market Size and Forecast, By Chemistry, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Functionality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • Market Size and Forecast, By Chemistry, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Functionality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast, By Chemistry, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Functionality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • Market Size and Forecast, By Chemistry, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Functionality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Market Size and Forecast, By Chemistry, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Functionality, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Application, 2016 – 2027, (US$ Mn)
      • Market Size and Forecast, By Country, 2016 – 2027, (US$ Mn)
        • South Africa
        • Central Africa
        • North Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
      • BASF SE *
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • The DOW Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • FMC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Evonik Industries AG
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Croda International PLC
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Ashland Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Roquette Group
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Lubrizol Corporation
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • Innophos Holdings Inc.
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
      • MEGGLE Excipients & Technology
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Key Highlights
        • Market Strategies
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

*Browse 36 market data tables and 30 figures on "Pharmaceutical Excipients Market” - Global forecast to 2027.

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