Impact of Covid19 on Pharmaceutical Excipients Market, Future Growth 2020-2027 | Market to Reach USD 10.15 Billion with CAGR 5.7%
: New York, United States, 19-July-2020, (Via WiredRelease), (Reports and Data) – According to the recent report by Reports and Data, the Global Pharmaceutical Excipients Market was valued at USD 6.53 billion in 2019 and is expected to reach USD 10.15 billion by the year 2027, growing at a CAGR of 5.7%. Excipients are products that do not possess any activity of drugs but facilitates the drug delivery process. The increasing number of diseases across the globe and the rising levels of disposable income and, subsequently, increased expenditure for drugs are factors that are boosting the growth of the pharmaceutical excipients market.
Problems such as instability, poor solubility and absorption, and other issues associated with active pharmaceutical ingredients are driving the demand for the pharmaceutical excipients market. The growing importance of nanotechnology in drugs to improve solubility is propelling the growth of the market. The Asia Pacific region has observed significant growth in the market owing to government initiatives for clinical trials, research & development activities, the rising patient population in the region, and efforts to implement technological advances, among other factors.
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The COVID-19 impact:
Covid-19’s spread has affected manufacturing and construction activities worldwide. Logistic limitations and reconsiderations of the raw material requirements are becoming a problem for producers. The producers have relied on derived demand as an intermediate commodity to rationalize production. The pandemic’s economic impact on companies and financial markets is also not favorable. Stock market volatility and decreasing global growth are anticipated, which will affect the market. The market has experienced a downturn over the weeks, which may continue over the next few months.
Key participants include
Ashland Global Holdings (US), BASF SE (Germany), DuPont (US), Roquette Feres (France), Evonik Industries AG (Germany), Associated British Foods (UK), Archer Daniels Midland Company (US), Lubrizol Corporation (US), Croda International (UK). Innophous Holdings (US), Kerry Group (Ireland), WACKER Chemie AG (Germany), Colorcon (US), DFE Pharma (Germany), JRS Pharma (Germany), and Air Liquide (France).
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For the purpose of this report, Reports and Data have segmented into the global Pharmaceutical Excipients market on the basis of type, propellants, application, and region:
Products Outlook (Revenue in Million USD; (2017–2027)
Organic ChemicalsOleochemicalsFatty AlcoholsMineral StearatesOther OleochemicalsCarbohydratesSugarsActual SugarsLactoseSucroseSugar AlcoholsMannitolSorbitolArtificial Sweeteners
Functionality Outlook (Revenue in Million USD; (2017–2027)
Fillers and DiluentsSuspending and Viscosity AgentsCoating AgentsBindersFlavouring Agents and SweetenersDisintegratesEmulsifying AgentsOthers
End Use Outlook (Revenue in Million USD; (2017–2027)
Pharmaceutical companiesChemical companiesOthers
Regional Outlook (Revenue, USD Million; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/pharmaceutical-excipients-market
Key insights of the report:
The report delivers key statistics on the current market status of the Pharmaceutical Excipients manufacturers and is a reliable source of guidance and direction for the companies and individuals interested in the industry. The report delivers an overview of the industry, including the basic definition, applications, the latest manufacturing technology, and others. The report comprises of the company profile, product specifications, production capacity, production value, and market shares for the key competitors. The market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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