LONDON–(BUSINESS WIRE)–#Globalexcipientsmarket–The global pharmaceutical excipients market is expected to grow at a CAGR of almost 7% during 2020-2024, according to the latest market research report by Technavio. The report provides a detailed analysis on the impact and new opportunities created by the COVID-19 pandemic. The report also helps clients keep up with new product launches in direct & indirect COVID-19 related markets.
Functional excipients are widely used in the pharmaceutical industry in advanced drug delivery applications. Many pharmaceutical companies are focusing on innovations in the functional excipient category while keeping standards and current good manufacturing practices in mind. Besides, the emergence of several generic versions of popular drugs in the market has increased the use of functional excipients in the pharmaceutical industry. All these factors are contributing to the growth of the global pharmaceutical excipients market.
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The global specialty chemicals market is the parent market of the pharmaceutical excipients market. Within its scope, the specialty chemicals market covers companies engaged in producing high value-added chemicals used in the manufacture of a wide variety of products, including, but not limited to, fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. Our report on the pharmaceutical excipients market offers a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as analysis on several large and small vendors active in the market including Ashland, BASF, Evonik, and Roquette.
Technavio’s research report on the pharmaceutical excipients market identifies the key drivers, trends, challenges, and the market scenario over the forecast period. The report also analyzes the impact of these factors on the overall specialty chemicals market.
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Pharmaceutical Excipients Market: Segmentation Analysis
The global pharmaceutical excipients market has been analyzed across various segments to identify market dynamics, developments, and key growth areas during the forecast period. The report also offers insights on high growth regions and opportunities for vendors operating in each sub-segment of the pharmaceutical excipients market. The market is segmented as follows:
- Adhesives and sealants
- Construction chemicals
- Dyes and pigments
- Electronic chemicals
- Flavors and fragrances
- Food additives
- Industrial and institutional cleaners
- Lubricant and oilfield chemicals
- Personal care ingredients
- Polymers and plastic additives
- Specialty coatings
- Textile chemicals
- Water chemicals
- Acidizing chemicals
- Anti-foaming agents
- Biocides and disinfectants
- Bleaching and RCF chemicals
- Cementing chemicals
- Coatings chemicals
- Colorants and auxiliaries
- Corrosion and scale inhibitors
- Drilling fluids
- Finishing chemicals
- Flavor enhancers
- Fracturing chemicals
- Ink additives
- Oil production chemicals
- PH adjusters and softeners
- Pigments and fillers
- Protective coatings
- Aerospace and defense
- Agriculture and farming
- Cosmetics and personal products
- Food and beverage
- Healthcare and pharmaceuticals
- Industrial gases
- Industrial and manufacturing
- Oil and gas
- Paper water and wastewater
- North America (NA)
- South America (SA)
- Asia Pacific (APAC)
- Middle East and Africa (MEA)
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Technavio’s industry coverage utilizes various sources and tools to gather information about multiple stakeholders and their offerings toward the pharmaceutical excipients market. Sources such as company websites, annual reports, whitepapers, subscription & in-house databases, industry journals, publications, and magazines are used in addition to other relevant sources. The vendor landscape provides a framework to estimate the specialty chemicals market, while also categorizing the vendors into pure-play, category-focused, or diversified based on their offerings. All market reports provide the key and contributing players across the value chain based on in-house influence index, developed using multiple industry and market parameters.
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