Global Pharmaceutical Excipients Market, By Chemistry (Plants, Animals, Minerals, Synthetic Source), Functionality (Binders, Diluents, Glidents, Disintegrants), Application (Oral, Parenteral, Topical), and Geography - Trends, Analysis and Forecast till 2024

Pharmaceutical Excipients – Paving the way for Low-cost Pharmaceuticals

Pharmaceutical excipients are crucial contents of a formulation that enable effective drug absorption. Excipients must suit the intended dosage form and comply with regulatory requirements i.e. pharmacopeial standards to ensure finished product quality. Moreover, their compatibility is crucial in dosage forms that involves taste masking, coating, controlled and sustained release, and oil base (emulsifiers). The International Pharmaceutical Excipient Councils (IPE) governs the global pharmaceutical excipient manufacturing by providing harmonized excipient guidelines to manufacturers.

Excipients used in drug manufacturing serve as binders, diluents, glidents, or disintegrants. Thus, multifunctional excipients can lower the drug development and manufacturing cost of the product. Generics market has witnessed robust growth in recent times, owing to patent expiries, in turn acting as a major factor driving demand for pharmaceutical excipients. Moreover, meeting growing demand for pharmaceutical products and large patient population base would propel growth of pharmaceutical excipients market. However, stringent regulations, especially inspection of manufacturing sites by the regulatory authorities such as the FDA, MHRA and TGA has impacted the supply of pharmaceutical excipients globally.

China and India are the major suppliers of pharmaceutical excipients outside the U.S. and European markets. China is the largest supplier of low cost API and excipients. Demand for high-quality and functional excipients is high in developed markets, while emerging economies tend to prefer low cost alternatives.

The global pharmaceutical excipients market was valued at US$ 5,394.2 million in 2015 and is expected to witness a robust CAGR of 6.9% during the forecast period (2016 – 2024).

Figure 1. Global Pharmaceutical Excipients Market Size and Forecast, US$ Million and Y-o-Y Growth (%), 2014–2024

Pharmaceutical Excipients Market

Source: Coherent Market Insights Analysis (2017)

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Oral and topical dosage forms driving the pharmaceutical excipients market growth

Consumption of excipients is very high in production of oral dosage forms such as tablets, capsules and liquids, compared to parenteral. The growth of excipients usage in oral dosage forms is expected to be 7.2% during the forecast period. Local players entering the pharmaceutical industry mark their entry with oral dosage forms, which are easier to manufacture. India, Brazil, China and U.S. are few major pharmaceutical excipients markets in terms of presence of regional pharmaceutical players. Thus, demand for excipients is projected to be high in such economies. Moreover, with growing topical solutions (cream, gel, eye drops, skin patch) in dermatology, and pain management categories, demand for excipients is also expected to grow consequently.

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Patent expiries to provide opportunities for pharmaceutical excipient manufacturers

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 blockbuster brands going off-patent in 2017. This will pave way for generic brands boosting the demand for respective pharmaceutical excipients. According to the McKinsey’s Global Generics report, nearly US$ 97 billion of drugs will go off-patent during 2017 – 2019.

In addition, 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.

Growing demand for low cost medicines

Affordable healthcare is the primary objective of health regulators globally, something that is propagated by various such initiatives in place such as Obama Care Act and the actions of Drug Price Control Order (DPCO) in India. The DPCO has capped the prices of over 467 drugs to cater to unmet need of population with low income levels. According to the IMS Health 2015 data, average price of branded products has increased from US$ 71.91 in 2010 to US$ 91.92 in 2015. On the other hand, average price of generic products has declined from US$ 26.23 in 2010 to US$ 20.92 in 2015. Pricing pressure and high competition are major attributable factors to this decline. This has further contributed to wards the growth of pharmaceutical excipients market.

Increase in preferences for low cost medicine will drive the demand for pharmaceutical excipients, especially the on form natural sources to reduce production cost of the product.

Pharmaceutical excipients are critical components of a pharmaceutical dosage form, ensuring drug safety and efficacy. Therefore, compatibility with API, adjacent excipients and dosage form are essential factors that need to be considered while selecting an excipient. Various types of excipients are used in a pharmaceutical formulations. This includes binders, diluents, glidents, disintegrants, emulsifiers, compressing agents, taste masking agents, lubricants, coating agents, sweeteners, and vehicles (base). Use of excipients is high in oral and topical dosage forms compared to parenteral. These excipients are extracted from different sources such as plant, animals, and minerals or are synthetically developed. The International Pharmaceutical Excipients Council (IPEC), formed in 1991, focuses on harmonizing manufacturing standards for pharmaceutical excipients globally.

Market Dynamics

Demand for high-quality excipients is more in developed economies, while affordability is the key criteria considered for price sensitive emerging economies. China has emerged as the largest supplier of low-cost pharmaceutical API and excipients. India is the other fast emerging market to which production of excipients is outsourced owing to lower labor and production costs. North America and Europe lead the market for excipients as the number of excipient manufacturers are high in these regions. Moreover, high cost of manufactured excipients generates higher revenue for these regions compared to cost of material produced by manufacturers in Asia Pacific. However, growing pharmaceutical drug price pressure across the globe is expected to drive growth of the markets in China and India characterized by high supply of low cost excipients.

Increasing demand for oral dosage forms is projected to propel the market growth for pharmaceutical excipients in oral application during the forecast period. Moreover, patent expiry of blockbuster drugs would fuel demand for pharmaceutical excipients in the near future. However, regular inspection of FDA approved manufacturing sites by local regulatory authorities is impacting supply of pharmaceutical excipients globally.

Market Taxonomy

This report segments the global pharmaceutical excipients market on the basis of chemistry, functionality, application, and geography. On the basis of chemistry, the market is categorized into plants, animals, minerals and synthetic sources. On the basis of functionality, the market is segmented into binders, diluents, glidents, disintegrants, and others. The application segment is divided into oral, parenteral, topical and others. For comprehensive understanding of market dynamics, the global pharmaceutical excipients market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key features of the study:

  • This report provides in-depth analysis of the pharmaceutical excipients products and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR (%)) for the forecast period: 2016 – 2024, considering 2015 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global pharmaceutical excipients market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies and future plans
  • Key companies covered as a part of this study include BASF SE, The DOW Chemical Company, Evonik Industries, FMC Corporation, Croda International PLC, Ashland Inc., Roquette Group, Lubrizol Corporation, Innophos Holdings Inc. and MEGGLE Group Wasserburg BG Excipients & Technology
  • Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, end user upgrades, market expansion, and marketing tactics
  • The global pharmaceutical excipients market report caters to various stakeholders in this industry, including investors, distributors and suppliers for pharmaceutical excipients, research and consulting firms, new entrants, and financial analysts
  • Various strategy matrices used in analyzing the pharmaceutical excipients market would provide stakeholders vital inputs to make strategic decisions accordingly

Detailed Segmentation:

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

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

Table of Contents

  1. Research Objective and assumption
    • 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
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
      • Promotion and Marketing Initiatives
  4. Global Pharmaceutical Excipients Market, By Chemistry, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Plants
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Animals
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Minerals
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Synthetic Sources
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  5. Global Pharmaceutical Excipients Market, By Functionality, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Binders
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Diluents
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Glident
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Disintegrants
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  6. Global Pharmaceutical Excipients Market, By Application, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, 2014 - 2024
      • Segment Trends
    • Oral
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Parenteral
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Topical
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-O-Y Growth, 2014 - 2024, (US$ Million)
  7. Global Pharmaceutical Excipients Market, By Regions, 2014 - 2024 (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, For Regions, 2014 - 2024
    • North America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
    • Europe
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • France
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • China
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • India
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
    • Latin America
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Argentina
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
    • Middle East
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million))
    • Africa
      • Market Share Analysis, By Country, 2015 and 2024 (%)
      • Y-O-Y Growth Analysis, By Country, 2014 - 2024
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Chemistry, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Functionality, 2014 - 2024 (US$ Million)
          • Market Size and Forecast, By Application, 2014 - 2024 (US$ Million)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • The Dow Chemical Company
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Innophos Holdings Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • The Lubrizol Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • FMC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Ashland Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • BASF SE
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Evonik Industries AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • MEGGLE Group Wasserburg BG Excipients & Technology
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Croda International Plc
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
      • Roquette Group
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Recent Developments/Updates
        • Future Plans
    • Analyst Views
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 90 market data tables and 40 figures on "Pharmaceutical Excipients Market - Global forecast to 2024”.  

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

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  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.