Pharmaceutical Excipients Market Analysis and Forecast to 2032: By Product (Inorganic Chemicals, Organic Chemicals), Functionality (Fillers and Diluents, Binders, Suspension and Viscosity Agents, Coatings, Flavoring Agents, Disintegrants, Colorants, Preservatives, Other Functionalities), and Region

he Pharmaceutical Excipients Market size was USD 10.5 Billion in 2022 and is anticipated to reach USD 18.4 Billion in 2032, growing at a rate of 5.8% from 2023 to 2032.

Pharmaceutical excipients are substances that are added to a drug to help it work better. They can be used to make a drug more effective, to make it easier to take, or to improve its safety. Excipients are found in all kinds of drugs, from over-the-counter medicines to prescription drugs.

Key Trends

The key trends in pharmaceutical excipients technology are:

  • The use of novel excipients to improve the stability, solubility and bioavailability of drugs.
  • The development of new delivery systems for drugs that are difficult to formulate.
  • The use of excipients to modify the release profile of drugs.
  • The development of novel excipients for use in specific patient populations.
  • The use of excipients to improve the safety and efficacy of drugs.
Key Drivers

The key drivers of the pharmaceutical excipients market are the increasing number of drug approvals, the growing demand for generic drugs, and the increasing prevalence of chronic diseases.

The number of drug approvals has been increasing due to the growing demand for new and innovative drugs. The number of generic drug approvals has also been increasing due to the growing demand for cheaper alternatives to branded drugs. The increasing prevalence of chronic diseases has led to a growing demand for drugs that can treat these conditions.

Restraints & Challenges

The stringent regulations are the major restraint for the growth of the pharmaceutical excipients market. The excipients are regulated by various regulatory bodies such as the US FDA, European Pharmacopoeia, and the International Pharmaceutical Excipients Council. These regulatory bodies have set strict guidelines for the manufacturing and use of excipients. The excipients must meet the quality standards set by these regulatory bodies.

The high cost of raw materials is another major restraint for the growth of the pharmaceutical excipients market. The excipients are made from various raw materials such as starch, cellulose, sugars, and salts. The prices of these raw materials have been increasing over the past few years. This has led to an increase in the cost of manufacturing of excipients.

Market Segments

The Pharmaceutical Excipients Market has been segmented into Product, Functionality, and Region. Based on the Product, the Pharmaceutical Excipients Market is bifurcated into Inorganic Chemicals and Organic Chemicals. Based on Functionality, the market is segmented into Fillers and Diluents, Binders, Suspension and Viscosity Agents, Coatings, Flavoring Agents, Disintegrants, Colorants, Preservatives, and Other Functionalities. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and the Rest of the World.

Key Players

Some major key players of Pharmaceutical Excipients Market are BASF SE  (Germany), Evonik Industries AG (Germany), The Lubrizol Corporation (US), DuPont  (US), Archer Daniels Midland Company  (US), Ashland Global Holdings  (US), Roquette Feres  (France), Croda International  (India), Innophous Holdings  (US), and The Dow Chemical Company  (US).

Pharmaceutical Excipients Market Report Coverage
  • The report offers a comprehensive quantitative as well as qualitative analysis of the current Pharmaceutical Excipients Market outlook and estimations from 2022 to 2032, which helps to recognize the prevalent opportunities.
  • The report also covers qualitative as well as quantitative analysis of Pharmaceutical Excipients Market in terms of revenue ($Million).
  • Major players in the market are profiled in this report and their key developmental strategies are studied in detail. This will provide an insight into the competitive landscape of the Pharmaceutical Excipients Industry.
  • A thorough analysis of market trends and restraints is provided.
  • By region as well as country market analysis is also presented in this report.
  • Analytical depiction of the Pharmaceutical Excipients Market along with the current trends and future estimations to depict imminent investment pockets. The overall Pharmaceutical Excipients industry opportunity is examined by understanding profitable trends to gain a stronger foothold.
  • Porter’s five forces analysis, SWOT analysis, Pricing Analysis, Case Studies, COVID-19 impact analysis, Russia-Ukraine war impact, and PESTLE analysis of the Pharmaceutical Excipients Market are also analyzed.

Why GIS?

Table of Contents

Chapter 1. Pharmaceutical Excipients Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation

Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market

Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, by Region
3.2. Market Attractiveness Analysis, by Product
3.3. Market Attractiveness Analysis, by Functionality

Chapter 4. Pharmaceutical Excipients Market Outlook
4.1. Pharmaceutical Excipients Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.6. Impact of COVID-19 on the Pharmaceutical Excipients Market
4.7. Impact of the Russia and Ukraine War on the Pharmaceutical Excipients Market
4.8. Case Study Analysis
4.9. Pricing Analysis

Chapter 5. Pharmaceutical Excipients Market, by Product
5.1. Market Overview
5.2. Inorganic Chemicals
5.2.1. Key Market Trends & Opportunity Analysis
5.2.2. Market Size and Forecast, by Region
5.3. Organic Chemicals
5.3.1. Key Market Trends & Opportunity Analysis
5.3.2. Market Size and Forecast, by Region

Chapter 6. Pharmaceutical Excipients Market, by Functionality
6.1. Market Overview
6.2. Fillers and Diluents
6.2.1. Key Market Trends & Opportunity Analysis
6.2.2. Market Size and Forecast, by Region
6.3. Binders
6.3.1. Key Market Trends & Opportunity Analysis
6.3.2. Market Size and Forecast, by Region
6.4. Suspension and Viscosity Agents
6.4.1. Key Market Trends & Opportunity Analysis
6.4.2. Market Size and Forecast, by Region
6.5. Coatings
6.5.1. Key Market Trends & Opportunity Analysis
6.5.2. Market Size and Forecast, by Region
6.6. Flavoring Agents
6.6.1. Key Market Trends & Opportunity Analysis
6.6.2. Market Size and Forecast, by Region
6.7. Disintegrants
6.7.1. Key Market Trends & Opportunity Analysis
6.7.2. Market Size and Forecast, by Region
6.8. Colorants
6.8.1. Key Market Trends & Opportunity Analysis
6.8.2. Market Size and Forecast, by Region
6.9. Preservatives
6.9.1. Key Market Trends & Opportunity Analysis
6.9.2. Market Size and Forecast, by Region
6.10. Other Functionalities
6.10.1. Key Market Trends & Opportunity Analysis
6.10.2. Market Size and Forecast, by Region

Chapter 7. Pharmaceutical Excipients Market, by Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends and Opportunities
7.2.2. North America Pharmaceutical Excipients Market Size and Forecast, by Product
7.2.3. North America Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.2.4. North America Pharmaceutical Excipients Market Size and Forecast, by Country
7.2.5. The U.S.
7.2.5.1. The U.S. Pharmaceutical Excipients Market Size and Forecast, by Product
7.2.5.2. The U.S. Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.2.6. Canada
7.2.6.1. Canada Pharmaceutical Excipients Market Size and Forecast, by Product
7.2.6.2. Canada Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.2.7. Mexico
7.2.7.1. Mexico Pharmaceutical Excipients Market Size and Forecast, by Product
7.2.7.2. Mexico Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3. Europe
7.3.1. Key Market Trends and Opportunities
7.3.2. Europe Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.3. Europe Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.3. Europe Pharmaceutical Excipients Market Size and Forecast, by Country
7.3.4. The UK
7.3.4.1. The UK Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.4.2. The UK Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.5. Germany
7.3.5.1. Germany Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.5.2. Germany Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.6. France
7.3.6.1. France Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.6.2. France Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.7. Spain
7.3.7.1. Spain Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.7.2. Spain Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.8. Italy
7.3.8.1. Italy Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.8.2. Italy Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.9. Netherlands
7.3.9.1. Netherlands Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.9.2. Netherlands Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.10. Sweden
7.3.10.1. Sweden Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.10.2. Sweden Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.11. Switzerland
7.3.11.1. Switzerland Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.11.2. Switzerland Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.12. Denmark
7.3.12.1. Denmark Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.12.2. Denmark Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.13. Finland
7.3.13.1. Finland Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.13.2. Finland Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.14. Russia
7.3.14.1. Russia Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.14.2. Russia Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.3.15. Rest of Europe
7.3.15.1. Rest of Europe Pharmaceutical Excipients Market Size and Forecast, by Product
7.3.15.2. Rest of Europe Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4. Asia-Pacific
7.4.1. Key Market Trends and Opportunities
7.4.2. Asia-Pacific Pharmaceutical Excipients Market Size and Forecast, by Country
7.4.3. Asia-Pacific Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.4. Asia-Pacific Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.5. China
7.4.5.1. China Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.5.2. China Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.6. India
7.4.6.1. India Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.6.2. India Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.7. Japan
7.4.7.1. Japan Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.7.2. Japan Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.8. South Korea
7.4.8.1. South Korea Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.8.2. South Korea Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.9. Australia
7.4.9.1. Australia Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.9.2. Australia Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.10. Singapore
7.4.10.1. Singapore Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.10.2. Singapore Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.11. Indonesia
7.4.11.1. Indonesia Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.11.2. Indonesia Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.12. Taiwan
7.4.12.1. Taiwan Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.12.2. Taiwan Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.13. Malaysia
7.4.13.1. Malaysia Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.13.2. Malaysia Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.4.14. Rest of APAC
7.4.14.1. Rest of APAC Pharmaceutical Excipients Market Size and Forecast, by Product
7.4.14.2. Rest of APAC Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.5. Rest of The World
7.5.1. Key Market Trends and Opportunities
7.5.2. Rest of The World Pharmaceutical Excipients Market Size and Forecast, by Product
7.5.3. Rest of The World Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.5.4. Rest of The World Pharmaceutical Excipients Market Size and Forecast, by Country
7.5.5. Latin America
7.5.5.1. Latin America Pharmaceutical Excipients Market Size and Forecast, by Product
7.5.5.2. Latin America Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.5.6. Middle East
7.5.6.1. Middle East Pharmaceutical Excipients Market Size and Forecast, by Product
7.5.6.2. Middle East Pharmaceutical Excipients Market Size and Forecast, by Functionality
7.5.7. Africa
7.5.7.1. Africa Pharmaceutical Excipients Market Size and Forecast, by Product
7.5.7.2. Africa Pharmaceutical Excipients Market Size and Forecast, by Functionality

Chapter 8. Competitive Landscape
8.1. Overview
8.2. Market Share Analysis/Key Player Positioning
8.3. Vendor Benchmarking
8.4. Developmental Strategy Benchmarking
8.4.1. New Product Developments
8.4.2. Product Launches
8.4.3. Business Expansions
8.4.4. Partnerships, Joint Ventures, and Collaborations
8.4.5. Mergers and Acquisitions

Chapter 9. Company Profiles
9.1. BASF SE (Germany)
9.1.1. Company Snapshot
9.1.2. Financial Performance
9.1.3. Product Offerings
9.1.4. Key Developmental Strategies
9.1.5. SWOT Analysis
9.2. Evonik Industries AG (Germany)
9.2.1. Company Snapshot
9.2.2. Financial Performance
9.2.3. Product Offerings
9.2.4. Key Developmental Strategies
9.2.5. SWOT Analysis
9.3. The Lubrizol Corporation (US)
9.3.1. Company Snapshot
9.3.2. Financial Performance
9.3.3. Product Offerings
9.3.4. Key Developmental Strategies
9.3.5. SWOT Analysis
9.4. DuPont (US)
9.4.1. Company Snapshot
9.4.2. Financial Performance
9.4.3. Product Offerings
9.4.4. Key Developmental Strategies
9.4.5. SWOT Analysis
9.5. Archer Daniels Midland Company (US)
9.5.1. Company Snapshot
9.5.2. Financial Performance
9.5.3. Product Offerings
9.5.4. Key Developmental Strategies
9.5.5. SWOT Analysis
9.6. Ashland Global Holdings (US)
9.6.1. Company Snapshot
9.6.2. Financial Performance
9.6.3. Product Offerings
9.6.4. Key Developmental Strategies
9.6.5. SWOT Analysis
9.7. Roquette Feres (France)
9.7.1. Company Snapshot
9.7.2. Financial Performance
9.7.3. Product Offerings
9.7.4. Key Developmental Strategies
9.7.5. SWOT Analysis
9.8. Croda International (India)
9.8.1. Company Snapshot
9.8.2. Financial Performance
9.8.3. Product Offerings
9.8.4. Key Developmental Strategies
9.8.5. SWOT Analysis
9.9. Innophous Holdings (US)
9.9.1. Company Snapshot
9.9.2. Financial Performance
9.9.3. Product Offerings
9.9.4. Key Developmental Strategies
9.9.5. SWOT Analysis
9.10. The Dow Chemical Company (US)
9.10.1. Company Snapshot
9.10.2. Financial Performance
9.10.3. Product Offerings
9.10.4. Key Developmental Strategies
9.10.5. SWOT Analysis
*The list of companies is subject to change during the final compilation of the report

Market Segments

By Product

  • Inorganic Chemicals
  • Organic Chemicals

By Functionality

  • Fillers and Diluents
  • Binders
  • Suspension and Viscosity Agents
  • Coatings
  • Flavoring Agents
  • Disintegrants
  • Colorants
  • Preservatives
  • Other Functionalities

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • The U.K.
    • Germany
    • France
    • Spain
    • Italy
    • Netherlands
    • Sweden
    • Switzerland
    • Denmark
    • Finland
    • Russia
    • Rest of Europe
  • The Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Singapore
    • Indonesia
    • Taiwan
    • Malaysia
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • The Middle East
    • Africa

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