Increasing pharmaceutical products demand and growing global
geriatric population is expected to boost the global excipient market
growth over the next five years. Excipients are inert or inactive
substances, used to serve as medium or vehicle for active pharmaceutical
ingredients (API).
Excipients are generally used as integrants, flavoring agents,
binders and coating agents in pharmaceutical industry to manufacture
capsules and tablets. Rising infections and diseases globally is
anticipated to drive the demand for pharmaceuticals which in turn is
expected to foster the excipients market growth over the forecast
period. On the basis of WHO study, the pharmaceutical market is worth
about $ 300 billion per annum.
Browse Detail Report With TOC @ http://www.hexaresearch.com/research-report/excipients-industry/
The product comprises capability which differentiates drugs from
other similar counter parts and brands. This is anticipated to bolster
the excipient market growth over the next five years. Pricing pressure
due to product generalization is forcing excipient market participants
to develop innovative products. These excipients consist of features
such as consistent disintegration, flow abilities, mixing ability of
active particles and improved compressibility.
Stringent regulations regarding excipient and new product safe usage
is expected to drive the market growth over the foreseeable future.
Unmet high pharmaceutical global demand and innovative developments in
expcipients is anticipated to witness significant growth over the next
five years. Technology advancement to reduce manufacturing cost is
projected to create ample opportunities in the global market over the
forecast future. Growing demand for pharmaceutical products in emerging
nations such as Brazil, Indonesia, India and China is expected to fuel
the excipient market over the next five years.
The excipient market is segmented on the basis of product as
alcohols, polymers, minerals, and sugar. Polymer was the largest product
segment accounting for over 40% of the total volume in 2013. The
polymer segment growth is attributed to growing cellulose demand which
is used as lubricants, anti-adherent, binders, diluents/filler, coating
material and disintegrants in cosmetic and pharmaceutical industries.
Alcohol followed polymer segment contributed to the second major market
segment in 2013 owing to increasing application of glycerin as moistener
and solvent is anticipated to boost the market.
Request A Sample copy of This Report @ http://www.hexaresearch.com/sample/206
Europe dominated the global excipient market accounting for over 32%
of the total revenue generated in 2013 and is expected to be the major
market over the next five years. Existence of high geriatric population
in Western European nations is the key factor for the market growth in
the region. North America followed Europe contributed to second major
market in 2013 owing to stringent regulations regarding safe usage of
drugs and excipients.
Growing demand for personal care products is anticipated to bolster
the market growth over the forecast period. Asia Pacific is expected to
grow at rapid pace over the next five years on account of increasing
population and growing awareness towards health. Growing geriatric
population in many nations in the region such as Japan is projected to
boost the market growth in the near future.
The global excipient market is moderately consolidated. The key
market participants include Huntsman Corporation, P& G, BASF,
Danisco A/S and Eastman Chemical Company.
Browse Full Report @ http://www.hexaresearch.com/research-report/excipients-industry/
About Us:
Hexa Research is a market research and consulting organization,
offering industry reports, custom research and consulting services to a
host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients
obtain clarity about their business environment and enable them to
undertake strategic growth initiatives.
Contact Us:
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: sales@hexaresearch.com
Website - http://www.hexaresearch.com/
No comments:
Post a Comment