Global Pharmaceutical Excipients Market Report And Strategies To 2032

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Pharmaceutical Excipients Market 2023
Market Size, Trends and Global Forecast 2023-2032
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Point-of-Use Pharmaceutical ExcipientsMarket
Segments
The Business Research Company segments its
Point-of-Use Pharmaceutical ExcipientsMarket
report as
The fillers and diluents market was the largest
segment of the pharmaceutical excipients market
segmented by functionality accounting for 30.09
of the total in 2022. Going forward, the coating
agents market is expected to be the fastest
growing segment in the pharmaceutical excipients
market segmented by functionality, at a CAGR of
6.5 during 2022-2027.
By Functionality
The oral formulation market was the largest
segment of the pharmaceutical excipients market
segmented by type of formulation accounting for
39.9 of the total in 2022. Going forward, the
topical formulation market is expected to be the
fastest growing segment in the pharmaceutical
excipients market segmented by type of
formulation, at a CAGR of 6.43 during 2022-2027.
By Type Of Formulation
The inorganic chemicals market was the largest
segment of the pharmaceutical excipients market
segmented by product accounting for 33.1 of the
total in 2022. Going forward, the inorganic
chemicals market is expected to be the fastest
growing segment in the pharmaceutical excipients
market segmented by product, at a CAGR of 6.23
during 2022-2027.
By Product
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Point-of-Use Pharmaceutical ExcipientsMarket
Statistics
The global pharmaceutical excipients market
reached a value of nearly 9,109.47 million in
2022, having grown at a compound annual growth
rate (CAGR) of 6.4 since 2017. The market is
expected to grow from 9,109.47 million in 2022
to 12,282.34 million in 2027 at a rate of 6.2.
The market is then expected to grow at a CAGR of
6.6 from 2027 and reach 16,939.64 million in
2032.
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Key Market Drivers And Trends
Drivers
The increasing development of novel drugs is
expected to propel the growth of the
pharmaceutical excipients market.
Trends
Launch of new products is the key trend gaining
popularity in the pharmaceutical excipients
market.
Region
North America was the largest region in the
pharmaceutical excipients market, accounting for
41.3 of the total in 2022.
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Key Market Players

• Major players in the Point-of-Use Pharmaceutical
  ExcipientsMarket are
• BASF SE
• Ashland Global Holdings
• Evonik Industries AG
• International Flavors Fragrances, Inc.
• Roquette Frères

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