In the course of taking medication, active substances may not be easily absorbed by the human body. These active ingredients are mixed or dissolved with excipients, which acts as a carrier. In addition, excipients perform various functions such as prevention of denaturation and maintenance of purity level of the active ingredient. Moreover, addition of excipients to active ingredients also ensures administration of accurate levels of the latter. Excipients find application in sectors such as food, agriculture, pharmaceuticals and medical.
Rising aging population in Europe and North America are expected to drive the growth of the pharmaceutical and medical industry. This in turn is expected to drive the growth of the excipients market in this region. In addition, rising health awareness in developing countries such as China and India is boosting the pharmaceutical market in this region, consequently fuelling the demand for excipients. Moreover, the development and introduction of new excipients for the growing pharmaceutical industry is expected to contribute to the market demand. However, the overall market is inhibited by the high cost of manufacturing excipients owing to rising prices of raw materials, labor costs and technological costs. Furthermore, factors such as supply chain issues, low profit margins, declining R&D investments and shortage of approved manufacturing sites by the Food and Drug Administration (FDA) are expected to have a negative effect on the growth of the excipients market. New product development is expected to open new opportunities for the growth of this market.
The overall global excipients market has been growing at a modest rate in line with the growth of the global pharmaceuticals market. The excipients market is also slated to grow with the growth of personal care products and food industries where excipients are used as diluents, fillers and colorants. Improving lifestyle and higher disposable income in emerging nations such as China, Brazil and India has led to an increased demand for oral forms of excipients. The OSDF excipients market is expected to witness a higher growth rate as compared to the Overall market over the forecast period on account of the increased health awareness. In addition, consumers are inclined to opt for products which are easier to consume irrespective of their cost factor.
The excipients market is divided into Overall excipients and oral solid-dosage-form (OSDF) excipients. Demand for polymers in the Overall excipients market was highest accounting for approximately 40% of the total volume in 2011. However, sugar and other product types of excipients are expected to show the fastest growth over the forecast period due to preference for sweeteners by consumers. Within the OSDF excipients market, polymers accounted for 47% of the demand in 2011. Sugar and other product types of OSDF excipients are expected to show the highest growth over the next six years.
Europe accounted for over 30% of the overall excipients market in 2011. Increasing aging population in countries such as China and Japan is expected to drive the demand for excipients in Asia Pacific over the next years. Similarly, Europe was the largest market for OSDF excipients accounting for around 30% of the total market. In addition to aging population, the growing medical and food industry in Asia Pacific is expected to boost the demand for OSDF excipients in the near future.
Some of the leading excipients manufacturers include ABITEC Corporation, AkzoNobel, Archer Daniels Midland (ADM), BASF, DOW Chemical Company, Evonik, J.M. Huber Corporation, Cargill and Eastman Chemical Company among others.
1. Preface
1.1. Report description
1.2. Research methodology
2. Executive Summary
3. Global Excipients: Industry Analysis
3.1. Introduction
3.1.1. Excipients value chain analysis
3.1.2. Market drivers
3.1.2.1. Growth of global pharmaceuticals market
3.1.2.2. Emergence of new excipients for pharmaceutical industry
3.1.3. Restraints
3.1.3.1. High cost of manufacturing
3.1.3.2. Supply chain issues
3.1.3.3. Fragmented market leading to low profit margins
3.1.3.4. Shortage of U.S. FDA approved manufacturing sites
3.1.3.5. Declining R&D investment
3.1.4. Opportunities
3.1.4.1. Emergence of BRIC countries
3.1.4.2. New product development
3.1.5. Porters five forces analysis
3.1.5.1. Bargaining power of supplier
3.1.5.2. Bargaining power of buyers
3.1.5.3. Threat of new entrants
3.1.5.4. Threat from substitute products
3.1.5.5. Degree of competition
4. Global Excipients Market: Product Segment Analysis
4.1. Global Excipients Market: Product Overview
4.1.1. Global Overall excipients market volumes share by product, 2011 vs 2018 (tons)
4.1.2. Global OSDF excipients market volumes share by product, 2011 vs 2018 (tons)
4.1.3. Global Overall excipients market revenues share by product, 2011 vs 2018 (usd million)
4.1.4. Global OSDF excipients market revenues share by product, 2011 vs 2018 (usd million)
4.2. Excipients market, by product
4.2.1. Polymers
4.2.1.1. Global overall polymer excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.1.2. Global OSDF polymer excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.1.3. Polymer excipients market, by product
4.2.1.3.1. Global overall polymer excipients market volumes by product, 2010-2018 (Tons)
4.2.1.3.2. Global OSDF polymer excipients market volumes by product, 2010-2018 (Tons)
4.2.1.3.3. Global overall polymer excipients market revenues by product, 2010-2018 (USD Million)
4.2.1.3.4. Global OSDF polymer excipients market revenues by product, 2010-2018 (USD Million)
4.2.2. Alcohols
4.2.2.1. Global overall alcohol excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.2.2. Global OSDF alcohol excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.2.3. Alcohol excipients market by types
4.2.2.3.1. Global overall alcohol excipients market volumes by product, 2010-2018 (Tons)
4.2.2.3.2. Global OSDF alcohol excipients market volumes by product, 2010-2018 (Tons)
4.2.2.3.3. Global overall alcohol excipients market revenues by product, 2010-2018 (USD Million)
4.2.2.3.4. Global OSDF alcohol excipients market revenues by product, 2010-2018 (USD Million)
4.2.3. Minerals
4.2.3.1. Global overall mineral excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.3.2. Global OSDF mineral excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.3.3. Mineral excipients market by types
4.2.3.3.1. Global overall mineral excipients market volumes by product, 2010-2018 (Tons)
4.2.3.3.2. Global OSDF mineral excipients market volumes by product, 2010-2018 (Tons)
4.2.3.3.3. Global overall mineral excipients market revenues by product, 2010-2018 (USD Million)
4.2.3.3.4. Global OSDF mineral excipients market revenues by product, 2010-2018 (USD Million)
4.2.4. Gelatin
4.2.4.1. Global overall gelatin excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.4.2. Global OSDF gelatin excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.5. Sugar and Others
4.2.5.1. Global overall sugar & other excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.5.2. Global OSDF sugar & other excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
4.2.5.3. Sugar and other excipients market by type
4.2.5.3.1. Global overall sugar and other excipients market volumes by product, 2010-2018 (Tons)
4.2.5.3.2. Global OSDF sugar and other excipients market volumes by product, 2010-2018 (Tons)
4.2.5.3.3. Global overall sugar excipients market revenues by product, 2010-2018 (USD Million)
4.2.5.3.4. Global OSDF sugar excipients market revenues by product, 2010-2018 (USD Million)
5. Global Excipients Market: Regional Analysis
5.1. Global excipients market : Regional overview
5.1.1. Global overall excipients market volumes share by REgion, 2011 vs 2018 (Tons)
5.1.2. Global OSDF excipients market volumes share by Region, 2011 vs 2018 (Tons)
5.1.3. Global overall excipients market revenues share by Region, 2011 vs 2018 (USD Million)
5.1.4. Global OSDF excipients market revenues share by region, 2011 vs 2018 (USD Million)
5.2. Excipients market by Region
5.2.1. North America
5.2.1.1. North America overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.1.2. North America OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.2. Europe
5.2.2.1. Europe overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.2.2. Europe OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.3. Asia Pacific
5.2.3.1. Asia Pacific overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.3.2. Asia Pacific OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.4. Rest of the World (row)
5.2.4.1. RoW overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
5.2.4.2. RoW OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
6. Company Profile
6.1. Archer Daniels Midland (ADM)
6.1.1. Company Overview
6.1.2. Financial Overview
6.1.3. Business Strategy
6.2. BASF
6.2.1. Company Overview
6.2.2. Financial Overview
6.2.3. Business strategy
6.3. Dow Chemical Company
6.3.1. Company Overview
6.3.2. Financial Overview
6.3.3. Business Strategy
6.4. ABITEC Corporation
6.4.1. Company Overview
6.4.2. Financial overview
6.4.3. Business Startegy
6.5. FMC Corporation
6.5.1. Company Overview
6.5.2. Financial Overview
6.5.3. Business Strategy
6.6. Evonik
6.6.1. Company overview
6.6.2. Financial overview
6.6.3. Business Strategy
6.7. J.M. Huber Corporation
6.7.1. Company overview
6.7.2. Business Strategy
6.8. Avantor Performance Materials, Inc.
6.8.1. Company Overview
6.8.2. Business Strategy
6.9. FMC Corporation
6.9.1. Company Overview
6.9.2. Financial Overview
6.9.3. Business Strategy
6.10. Associated British Foods (ABF)
6.10.1. Market Overview
6.10.2. Financial Overview
6.11. Cargill
6.11.1. Company Overview
6.11.2. Financial Overview
6.12. Akzonobel
6.12.1. Company Overview
6.12.2. FINANCIAL Overview
6.13. Huntsman Corporation
6.13.1. Company Overview
6.13.2. Financial Overview
6.14. The Lubrizol Corporation
6.14.1. Company Overview
6.14.2. Financial Overview
6.15. Celanese Corporation
6.15.1. Company Overview
6.15.2. Financial Overview
6.16. Merck KGaA
6.16.1. Company Overview
6.16.2. Financial Overview
6.17. Kuraray Co., Ltd
6.17.1. Company Overview
6.17.2. Financial Overview
6.18. Innophos Holdings, Inc.
6.18.1. Company Overview
6.18.2. Financial Overview
6.19. Ferro Corporation
6.19.1. Company Overview
6.19.2. Financial Overview
6.20. Croda International Plc
6.20.1. Company overview
6.20.2. Financial Overview
6.21. Cabot Corporation
6.21.1. Company Overview
6.21.2. Financial Overview
6.22. Danisco
6.22.1. Company overview
6.22.2. Financial overview
6.23. Eastman Chemical Company
6.23.1. Company Overview
6.23.2. Financial Overview
6.24. Kraft Foods Group Inc
6.24.1. Company Overview
6.24.2. Financial Overview
6.25. Proctor and Gamble
6.25.1. Company Overview
6.25.2. Financial Overview
6.26. Nitta Gelatin Inc.
6.26.1. Company Overview
6.26.2. Financial Overview
6.27. Corn Products International, Inc.
6.27.1. Company Overview
6.27.2. Financial overview
6.28. Covidien plc
6.28.1. Company Overview
6.28.2. Financial Overview
6.29. Royal Dutch Shell plc
6.29.1. Company Overview
6.29.2. Financial Overview
LIST OF TABLES
TABLE 1: Overall and OSDf Excipients market: Global snapshot
TABLE 2: Drivers of global excipients market: Impact Analysis
TABLE 3: Restraints for global excipients market: impact analysis
TABLE 4: Global Overall polymer excipients market volumes by product, 2010-2018 (Tons)
TABLE 5: Global OSDF polymer excipients market volumes by Product, 2010-2018 (Tons)
TABLE 6: Global Overall polymer excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 7: Global OSDF polymer excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 8: Global Overall alcohol excipients market volumes by Product, 2010-2018 (Tons)
TABLE 9: Global OSDF alcohol excipients market volumes by Product, 2010-2018 (Tons)
TABLE 10: Global Overall alcohol excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 11: Global OSDF alcohol excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 12: Global Overall mineral excipients market volumes by Product, 2010-2018 (Tons)
TABLE 13: Global OSDF mineral excipients market volumes by Product, 2010-2018 (Tons)
TABLE 14: Global Overall mineral excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 15: Global OSDF mineral excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 16: Global Overall sugar excipients market volumes by Product, 2010-2018 (Tons)
TABLE 17: Global OSDF sugar excipients market volumes by Product, 2010-2018 (Tons)
TABLE 18: Global Overall sugar excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 19: Global OSDF sugar excipients market revenues by Product, 2010-2018 (USD Million)
TABLE 20: Excipient products along with their applications
LIST OF FIGURES
FIG. 1: Global OVERALL excipients market estimates and forecast, 2010-2018 (Tons) (USD Million)
FIG. 2: Global OSDF excipients market estimates and forecast, 2010-2018 (Tons) (USD Million)
FIG. 3: Excipients value chain analysis
FIG. 4: Global pharmaceuticals market, 2010-2018 (USD Billion)
FIG. 5: Global starch prices, 2009-2012 (USDTton)
FIG. 6: Development phase for new excipients
FIG. 7: Porters five forces analysis
FIG. 8: Global Overall excipients market volumes share by product, 2011 vs 2018 (Tons)
FIG. 9: Global OSDF excipients market volumes share by product, 2011 vs 2018 (Tons)
FIG. 10: Global Overall excipients market revenues share by product, 2011 vs 2018 (USD Million)
FIG. 11: Global OSDF excipients market revenues share by product, 2011 vs 2018 (USD Million)
FIG. 12: Global overall Polymer excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 13: Global OSDF Polymer excipients market volumes and revenues, 2010-2018 (Tons (USD Million)
FIG. 14: Global Overall Alcohol excipients market volumes and revenues, 2010-2018 (Tons) (USD Million))
FIG. 15: Global OSDF Alcohol excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 16: Global Overall Mineral excipients market volumes and revenues, 2010-2018 (Tons) (USD Million))
FIG. 17: Global OSDF Mineral excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 18: Global Overall Gelatin excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 19: Global OSDF Gelatin excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 20: Global Overall Sugar & Others excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 21: Global OSDF Sugar & Others excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 22: Global Overall excipients market volumes share by Region, 2011 vs 2018 (Tons)
FIG. 23: Global OSDF excipients market volumes share by Region, 2011 vs 2018 (Tons)
FIG. 24: Global overall excipients market revenues share by Region, 2011 vs 2018 (USD Million)
FIG. 25: Global OSDF excipients market revenues share by region, 2011 vs 2018 (USD Million)
FIG. 26: North America Overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 27: North America OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 28: Europe overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million))
FIG. 29: Europe OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 30: Asia Pacific overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 31: Asia Pacific OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 32: RoW overall excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 33: RoW OSDF excipients market volumes and revenues, 2010-2018 (Tons) (USD Million)
FIG. 34: Sales by segment in 2011
FIG. 35: Percentage of Total Revenues from the business segment in 2012
FIG. 36: Percentage of sales and other Revenues by destination in 2011
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Oral Solid Dosage Forms (OSDF) and Pharma Excipients Market
