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The binders excipients market share is expected to increase to USD 444.89 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.5%.
This binders excipients market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers binders excipients market segmentations by type (cellulosics, lactose, polyols, povidones, and others), application (tablets or capsules and solution-based), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The binders excipients market report also offers information on several market vendors, including Asahi Kasei Corp., Ashland Global Holdings Inc., BASF SE, Beneo GmbH, CD Formulation, Colorcon Inc., DFE Pharma GmbH and Co. KG, DuPont de Nemours Inc., Evonik Industries AG, Fuji Chemical Industries Co. Ltd., Ingredion Inc., JRS PHARMA GmbH and Co. KG, Kerry Group Plc, Merck KGaA, Roquette Freres SA, Scope Ingredients Pvt. Ltd., and The Dow Chemical Co. among others.
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The increasing demand for cellulose-based binders is notably driving the binders excipients market growth, although factors such as loss of patents and patent expiry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the binders excipients industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Binders Excipients Market Driver
Key Binders Excipients Market Trend
Key Binders Excipients Market Challenge
This binders excipients market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global binders excipients market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the binders excipients market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the binders excipients market encompasses successful business strategies deployed by the key vendors. The binders excipients market is fragmented and the vendors are deploying growth strategies such as product extensions, technological innovations, and M&A to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The binders excipients market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the binders excipients market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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48% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the binders excipients market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increasing health consciousness among consumers will facilitate the binders excipients market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 severely affected the regional market. However, after lifting the lockdowns and travel bans, the demand for binder excipients increased. The demand for binder excipients further revived in 2021, owing to the production of COVID-19 medications. Also, the regional market is at the emerging stage, except for Japan and China, which will further boost the growth of the binders excipients regional market during the projected timeframe.
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The binders excipients market share growth by the cellulosics segment will be significant during the forecast period. Cellulosic or cellulose derivative-based binder excipients accounted for the largest market share in 2021. The cellulosics segment consists of hydroxypropyl methylcellulose (HPMC), hydroxypropylmethylcellulose acetate (HPMCAS), and microcrystalline cellulose (MCC). Primarily, HPMC is used as a binder and bioadhesive in pharmaceutical drugs. In the pharmaceutical industry, HPMC also acts as a compression aid and coating agent for tablets. Thus, the rising demand for HPMC across the world is likely to support the growth of the global binders excipients market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the binders excipients market size and actionable market insights on post COVID-19 impact on each segment.
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Binders Excipients Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
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Market growth 2022-2026 |
$ 444.89 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.05 |
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Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
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Performing market contribution |
APAC at 48% |
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Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Asahi Kasei Corp., Ashland Global Holdings Inc., BASF SE, Beneo GmbH, CD Formulation, Colorcon Inc., DFE Pharma GmbH and Co. KG, DuPont de Nemours Inc., Evonik Industries AG, Fuji Chemical Industries Co. Ltd., Ingredion Inc., JRS PHARMA GmbH and Co. KG, Kerry Group Plc, Merck KGaA, Roquette Freres SA, Scope Ingredients Pvt. Ltd., and The Dow Chemical Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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