Pharmaceutical Excipients Market Growth, Share, Size, Price, Analysis 2021-2026
The pharmaceutical excipients market is further expected to grow at a CAGR of 4% in the forecast period of 2020-2025 to reach a value of USD 9.8 billion by 2025.
By: Expert Market Research
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Europe is the leading market in the global pharmaceutical excipients market, driven by the large presence of pharmaceutical key players having, who have extensive production capacities, thus, high consumption rates of excipients. The rising demand for superior pharmaceutical products, biosimilars, and generics have led to accelerated growth in the pharmaceutical excipients industry over the forecast period.
Ashland Global Holdings Inc. and BASF SE are some of the leading companies in the global pharmaceutical excipients market. In August 2017, BASF SE inaugurated the opening of its pharma technical lab at its Innovation Campus Asia Pacific, which is situated in Navi Mumbai, India. The facility is called "BASF Pharma Solutions Lab" and caters to the rapidly growing pharmaceutical market in South Asia, particularly generic drug manufacturing, which holds the largest share of the sector in India. Such developments by the key players are expected to push the growth of the global pharmaceutical excipients market in the coming years.
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Market Analysis by Product:
Market Analysis by Functionality:
On the basis of functionality, the pharmaceutical excipients market is segmented into fillers and diluents, suspending and viscosity agents, coating agents, binders, flavouring agents and sweeteners, disintegrants, colourants, lubricants and glidants, preservatives, and emulsifying agents, among others.
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Competitive Landscape & Supplier Analysis:
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