Global Pharmaceutical Excipients Market Size, Share, Forecast Report, 2020-2027
The major growth driver of Pharmaceutical Excipients Market includes the growing demand for drug delivery systems, the growing pharmaceutical industry for functional excipients, and the rising demand for biological drugs due to its immediate effects among others.
Hence the market for Pharmaceutical Excipients Market is expected to grow at Healthy CAGR (2016-2027).
However, decreasing investment in R&D and growing quality compliance are the factors which are hindering the growth of Pharmaceutical Excipients Market.
Pharmaceutical Excipients Market Segments
Global Market by Product:
- Organic Chemicals
- Inorganic Chemicals
Global Market by Functions:
- Pharmaceutical Fillers
- Binders
- Coatings
- Disintegrants
- Preservatives
- Lubricants & Glidants
Global Market by Applications:
- Oral
- Topical
- Parenteral
- Advanced delivery system
Regional Analysis of Pharmaceutical Excipients Market:
North America dominated the Global Pharmaceutical Excipients Market with the largest market share, accounting for $XX million and is expected to grow over $XX billion by 2027. Pharmaceutical Excipients Market in the Asia-Pacific market is expected to grow at CAGR of XX% from $ XX million in 2016 to $XX million by 2027. The European market for Pharmaceutical Excipients Market is expected to grow at XX% GAGR (2016-2027).
Pharmaceutical Excipients Market Key Players
Some of the major players in Global Pharma Excipient Market include Evonik Industries Ag, FMC Corporation, The Dow Chemical Company, Ashland, Inc., Basf Se, Ferro Corporation, P&G Chemicals, Akzo Nobel NV, and Croda International PLC among others.