The global polymer excipients market is anticipated to grow significantly over the forecast period. Excipients are generally inactive substances used as binders for active ingredients in therapeutic drugs. Often, the active ingredients are not absorbed by the body and hence the use of excipients is essential for the efficient delivery of the drug. The substance being inactive in nature does not have a therapeutic effect on the working of the medicine. In addition, the excipients also help in maintaining the dosage and balance of the therapeutic drug. In addition to binding, excipients are used for a variety of functionality such as coating, fillers, flavours, colorants, sweeteners and preservative among others.
Polymer excipients are the largest consumed excipients and accounted for over half the global market. Polymer excipients are categorised into a variety of substances based on the product segment. The key segments include Micro Crystalline Cellulose (MCC), Hydroxypropyl Methylcellulose (HPMC), Ethyl and Methyl Cellulose, Starch, Polyethylene Glycol and Sodium Starch Glycolate among others. MCC and Starch are the largest consumed polymer excipients and together consumed over 50% of the global consumption in 2012. These are largely used due to their multifunctionality in terms of application. Both these are used a binders, fillers and lubricants in medical formulations. Polyvinylpyrrolidone, also known as providone is expected to be a key segment for the market due to the unique ability of the substance to be readily absorbed by the body.
The improved medical infrastructure has led to an increased demand for pharmaceutical drugs. The growing demand for pharmaceuticals coupled with the growing old age population is expected to be a key driver for the growth of the market. In addition, the increased consumption of excipients in OSDF (Oral Solid Dosage Form) has led to an increased demand for polymer excipients which are largely used in OSDF forms. They key companies manufacturing excipients include Archer Daniel Midland (ADM), Evonik, BASF, Dow Chemical, Abitec Corporation and Cargill among others.
This report, by Grand View Research takes a closer look at the polymer 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 MCC, HPMC, ethyl and methyl cellulose, starch, providone, CMC and acrylic polymer 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 polymer 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 market forecast. The report also showcases the opportunities available in the market which may act as future drivers for the market.
NEED A CUSTOM REPORT?
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports, as well as offer affordable discounts for start-ups & universities.
Contact us now to get our best pricing.
We are GDPR and CCPA compliant! Your transaction & personal information is safe and secure.
"The quality of research they have done for us has been excellent."