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(Medical-NewsWire.com, April 01, 2016 ) The increasing focus of drug manufacturers in the emerging economies of Asia-Pacific and Latin America, such as India, China and Brazil, and the development of multi-functionality excipients are creating ample revenue generation opportunities for the major pharmaceutical excipients manufacturers. The key trend witnessed in the global market is the advances in nanotechnology providing new functions to pharmaceutical excipients. However, the stringent regulatory requirements especially in European Union and North America, and the quality concern related to excipients are expected to hinder the growth of the global market to some extent.
Explore more about Pharmaceutical Excipients Market at: https://www.psmarketresearch.com/market-analysis/pharmaceutical-excipients-market
Pharmaceutical excipients are natural or synthetic inactive substances used alongside the active pharmaceutical ingredient of a drug. These substances perform their functions without altering or modifying the therapeutic action of the active pharmaceutical ingredient. Pharmaceutical excipients are used for various functions, such as easing administration of drug by intended route, improving dosing compliance, ensuring consistency and control of drug bioavailability, improving active pharmaceutical ingredient stability, and ensuring robust and reproducible physical product.
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Geographically, North America held the largest share in the global market in 2015, owing to the high healthcare expenditure, presence of a large number of manufacturers, increasing prevalence of chronic diseases and technological advances in pharmaceutical industries. The U.S. dominated the North American market in 2015, and it is anticipated to retain its dominance during 2016 2022. Europe is the second largest market for pharmaceutical excipients. The increasing prevalence of chronic diseases, aging population and increasing compliance for multi-functionality excipients are the key factors driving the growth of the European market. Asia-Pacific is the fastest growing market for the pharmaceutical excipients. The highest growth of the pharmaceutical excipients market in the region is attributed to the large consumer base in the region, shifting interest of key players in pharmaceutical industries to the emerging economies of the region, and increasing consumption and production of generics in the region.
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Some of the key players operating in the global pharmaceutical excipients market include Archer Daniels Midland Company, Ashland, BASF SE, Associated British Foods plc, The Dow Chemical Company, Croda International Plc, FMC Corporation, Evonik Industries AG, The Lubrizol Corporation and ROQUETTE.
MARKET SEGMENTATION: By Product Type Inorganic Chemicals o Calcium Phosphate o Calcium Carbonate o Calcium Sulfate o Halites o Metallic Oxides o Others Organic Chemicals o Carbohydrates Sugars Actual Sugars o Lactose o Sucrose o Dextrose Sugar Alcohols o Sorbitol o Mannitol o Others Artificial Sweeteners Starch Modified Starch Dried Starch Converted Starch Cellulose Cellulose Ethers Cellulose Esters Carboxymethyl Cellulose and Croscarmellose Sodium Microcrystalline Cellulose o Petrochemicals Glycols Polyethylene Glycol Polypropylene Glycol Povidones Mineral Hydrocarbons Petrolatum Mineral Waxes Mineral Oils o Acrylic Polymers o Others o Oleochemicals Fatty Alcohols Mineral Stearates Glycerin Others o Proteins o Others By Route of Administration Oral Excipients Topical Excipients Parenteral Excipients Others By Applications Fillers and Diluents Binders Suspension & Viscosity Agents Flavoring Agents Disintegrants Coatings Colorants Lubricants and Glidants Preservatives Others By Region North America o U.S. o Canada Europe o Germany o Italy o France o U.K. o Spain Asia-Pacific o Japan o China o India Rest of the World o Brazil
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