(PharmaNewsWire.Com, March 29, 2017 ) According to Publisher, the Pharmaceutical Excipients Market is valued at $6.31 billion in 2015 and is projected to reach $10.24 billion by 2022 growing at a CAGR of 7.16% from 2015 to 2022. This market is mainly driven by the increasing demand for functional excipients from the pharmaceutical industry. Increasing demand of patent cliffs, growing demand of generics, and emergence of recent excipients are some of the key factors contributing the market growth. However, increasing quality compliance and regulatory requirements for excipient manufacturers are some of the restraints hampering the market growth. Also restricted number of the U.S. FDA approved manufacturing sites due to regulatory restrictions may also inhibit the market growth. Additionally, Adoption of modern science and reduced drug toxicity are the major challenges faced by the pharmaceutical Excipients Market.
North American market accounted for the largest market share over the forecast period followed by Europe, Asia-Pacific, and the Rest of the World. Developed geographies like North America and Europe are likely to grow at lower CAGRs when compared to the Asia Pacific market.
Some of the key players in the market include Associated British Foods Plc, Croda International Plc, Evonik Industries Ag, Roquette, Colorcon, Inc., Huntsman Corporation, Eastman Chemical Company, Archer Daniels Midland Company (Adm), Lubrizol Corporation, Fmc Corporation, Avantor Performance Materials, Inc., The Dow Chemical Company, Ashland, Inc., P&G and Basf Se.
Regions Covered: - North America - US - Canada - Mexico - Europe - Germany - France - Italy - UK - Spain - Rest of Europe - Asia Pacific - Japan - China - India - Australia - New Zealand - Rest of Asia Pacific - Rest of the World - Middle East - Brazil - Argentina - South Africa - Egypt
10 Company Profiling 10.1 Associated British Foods Plc 10.2 Croda International Plc 10.3 Evonik Industries Ag 10.4 Roquette 10.5 Colorcon, Inc. 10.6 Huntsman Corporation 10.7 Eastman Chemical Company 10.8 Archer Daniels Midland Company (Adm) 10.9 Lubrizol Corporation 10.10 Fmc Corporation 10.11 Avantor Performance Materials, Inc. 10.12 The Dow Chemical Company 10.13 Ashland, Inc. 10.14 P&G 10.15 Basf Se
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