The global market for
excipients is expected to reach USD 5,226.1 million by 2020, according to a new
study by Grand View Research, Inc. Increasing demand for pharmaceuticals as a
consequence of growing global geriatric population base and the introduction of
innovative products such as Mallinckrodt Baker’s PanExcea MHC300G are expected
to drive excipient demand over the next six years. Moreover, the presence of a
large amount of untapped opportunities in emerging markets such as India, China
and Brazil, in terms of unmet medical needs and low cost manufacturing options
is also expected to fuel market demand.
Polymers dominated the overall
market in 2013, accounting for over 45% of global excipient revenues, with
growing demand for cellulose as anti-adherent, filler/diluents, lubricant, disintegrants,
binders, and film coating material in the pharmaceutical and cosmetic
industries being critical factors augmenting polymer excipient consumption.
Request to Sample of This Report @ http://www.grandviewresearch.com/industry-analysis/excipients-market-analysis
Further key findings from the study suggest:
- The global volume market for excipients is expected to grow from 561,436.2 tons in 2013 to 744,621.2 tons in 2020.
- Europe dominated the overall market in 2013, accounting for over 32% of global revenue. Large presence of geriatric population in developed Western European markets coupled with the sophisticated healthcare infrastructure and regulatory framework are some of the factors attributing to its large revenue share.
- Asia Pacific excipients market is expected to grow at the highest CAGR of 6.7% from 2014 to 2020 and its market is expected to reach over USD 1,500.0 million in 2020. High unmet medical needs and the presence of low cost manufacturing options in countries such as India and China are expected to drive market growth during the forecast period.
- Key market participants include BASF, Danisco, P&G, Huntsman Corporation, Eastman Chemical Company and others.
For the purpose of this study, Grand View Research has
segmented the global excipients market on the basis of product and region:
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting services.
To help clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For More Information, Visit Grand View Research
Contact:
Sherry James
Corporate Sales
Specialist, U.S.A.
Grand View Research,
Inc.
United States
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Blog Site: http://www.grandviewresearchinc.blogspot.in/
No comments :
Post a Comment