Pharmaceutical Excipients (Organic chemical (Carbohydrate, Petrochemical), Inorganic chemical) Market - Global Forecast to 2023 - ResearchAndMarkets.com

The "Pharmaceutical Excipients Market by Type (Organic chemical (Carbohydrate, Petrochemical), Inorganic chemical), Functionality (Filler, Coating, Disintegrant, Binder), Formulation (Tablet, Capsule, Topical, Parenteral) - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The pharmaceutical excipients market is expected to reach USD 8.53 billion by 2023 from USD 6.40 billion in 2018, at a CAGR of 5.9%

The overall growth of the pharmaceutical excipients market is largely driven by the growing pharmaceutical market along with the advancements in functional excipients, growing generics market, rapidly growing biopharmaceuticals sector, emergence of multifunctional & co-processed excipients, shifting focus of pharmaceutical manufacturing to emerging markets, and the growing biosimilar industry. However, the increasing regulatory stringency, cost and time-intensive drug development process, and the quality concerns of excipient manufacturers represent a significant challenge to the market growth.

On the basis of functionality, the pharmaceutical excipients market is segmented into fillers & diluents, binders, suspending & viscosity agents, flavoring agents & sweeteners, coating agents, colorants, disintegrants, lubricants & glidants, preservatives, emulsifying agents, and other functionalities.

The lubricants & glidants segment is expected to grow at the highest CAGR during the forecast period. This is primarily attributed to the rising uptake of these excipients to reduce clumping of ingredients and friction between a tablet and the dye cavity along with increasing flowability.

Market Dynamics

Market Drivers

• Growth of the Pharmaceuticals Market Backed By Functional Excipients
• Surge in the Generics Market
• Increasing Uptake of Biopharmaceuticals

Market Restraints

• Cost and Time-Intensive Drug Development Process
• Increasing Regulatory Stringency

Market Opportunities

• Multifunctionality Excipients are Proving to Be Emerging Areas of New Product Development
• Shifting Focus of Pharmaceutical Manufacturing to Emerging Countries
• Growth in the Biosimilars Market

Market Challenges

• Safety and Quality Concerns

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industry Insights

7 Pharmaceutical Excipients Market, By Product

8 Pharmaceutical Excipients Market, By Functionality

9 Pharmaceutical Excipients Market, By Type of Formulation

10 Pharmaceutical Excipients Market, By Region

11 Competitive Landscape

12 Company Profiles

• Archer Daniels Midland
• Ashland
• Associated British Foods
• BASF
• Croda
• Dowdupont
• Evonik Industries
• Innophos Holdings
• Kerry
• Lubrizol
• Roquette
• Signet
• Wacker Chemie

For more information about this report visit https://www.researchandmarkets.com/research/45grk5/pharmaceutical?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20180419006130/en/