Healthcare Industry Excipients Market Trends, 2020 | Page 2

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The worldwide industry for excipients focuses greatly on innovation driven by price pressures arising from
product generalization. Excipients exhibit features such as high compressibility, flow abilities, and consistent
disintegration. Steady technological developments to minimize manufacturing costs are expected to create
lucrative opportunities for market progress. Besides innovations, unmet pharmaceutical needs is another
vital factor that can benefit the industry in the long run. Growing need for pharmaceutical products in
emerging economies, such as China, India, Indonesia, and Brazil can further contribute to market growth over
the forecast period.
The worldwide excipients industry is categorized on the basis of products and geographies. Accord ing to
products, the segments are minerals, alcohols, sugar, and polymers. In 2013, polymers contributed to more
than 40% of the total market in terms of volumes. Factors that fuel this segment are surging demand for
cellulose in pharmaceuticals, lubricants, coating materials, disintegrants, diluents/fillers, and anti-adherents.
Polymers are used extensively in drug & cosmetic sciences. Alcohol held the second highest share in the
overall industry in 2013 owing to widespread application of glycerin in solve nts and moisturizers.
According to geographies, the global industry is divided into Asia Pacific, Europe, North America, and Rest of
the World. With revenue shares exceeding 32%, Europe dominated the overall industry in 2013. Driven by a
large geriatric population in Western Europe, the region may continue leading the market throughout the
forecast period. North America was the second largest market after Europe fueled by regulatory norms
regarding the safe use of excipients and drugs. Growing demand for personal care products can bolster
regional growth till 2020. Asia Pacific may expand rapidly on account of a rapidly growing population and
widespread healthcare awareness. The worldwide excipients market is a highly consolidated one. Key
industry participants are Eastman Chemical Company, Huntsman Corporation, Danisco A/S, and BASF among
many others.
In December 2016, MilliporeSigma launched the Parteck MXP, an excipient that is polyvinyl alcohol based. It
increases the solubility of a host of APIs (active pharmaceutical ingredients) that have poor bioavailability.
This excipient helps maintain stability even at temperatures exceeding 200 degrees Celsius. As a result, it is
ideal for HME (hot melt extrusion), a process employed by drug manufacturers in order to increase the
bioavailability and solubility of APIs.
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