The global alcohol excipients market is anticipated to grow significantly over the forecast period. An excipient is generally an inactive substance used as binders for the active ingredients in pharmaceuticals. The active substances are often not absorbed by the body and for this reason, they are mixed with inactive substances (excipients) which allow absorption by the human body. In addition, the excipients also help in maintaining the dosage and balance of the therapeutic drug. Excipients are categorized based on the chemicals into alcohol, polymers, gelatine, minerals, and sugar among others.
Alcohol excipients are the second largest consumed excipients after polymers and account for close to one-fourth of the market. Alcohol excipients comprise of glycerine, propylene glycol, sorbitol, and mannitol among others. Generally, excipients are inactive ingredients and have no therapeutic effect on the patient. However, alcohol excipient which is used as an inactive ingredient (binder) can have effects on certain patients based on the formulation. Propylene glycol, benzyl alcohol, and sorbitan trioleate are a certain example of excipients, which have resulted in allergies or reactions in consuming patients.
Sorbitol and propylene glycol were the most consumed excipients and accounted for over half of the global consumption. However, glycerine as an excipient is expected to witness the fastest growth over the next few years owing to the growing application scope of the product in medical application. Growing pharmaceutical industry and development of new excipients are expected to be key drivers for the growth of the market. In addition, the emergence of economies such as India, China, and Brazil are expected to boost the demand for alcohol excipients in OSDF (Oral Solid Dosage Form). However, the market faces regulatory risk as certain alcohol excipients are said to result in side effects on the patient population.
This report, by Grand View Research, takes a closer look at the alcohol excipients industry, providing a holistic perspective on market dynamics, trends, supply, and demand. The report deep-dives into the market and segments it on multiple levels and providing key insights on a macro as well as micro level. The study aims at providing granular information, regarding estimates and forecasts for key product segments including sorbitol, propylene glycol, glycerin, and mannitol among others. The report also provides the same level of information for key regional markets.
This research report analyzes various factors which has been driving and inhibiting the global alcohol excipients market in the past. In addition, the report analyzes the impact of each driver and restraint on the market growth, which forms the base for the market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
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