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The binders excipients market share is expected to increase to USD 444.89 million at a CAGR of 5.5% from 2021 to 2026. Market expansion hinges on various factors, such as the rising demand for binders derived from cellulose, growth within the pharmaceutical sector, and the expanding geriatric population driving increased demand for pharmaceutical medications and binders. These elements collectively influence the trajectory of market growth, reflecting a blend of industrial needs, demographic trends, and healthcare demands. The increasing utilization of cellulose-based binders underscores their effectiveness and versatility in various applications, particularly within pharmaceutical formulations. Simultaneously, growth in the pharmaceutical industry highlights the ongoing demand for medication development and production. Moreover, the expanding geriatric demographic's heightened need for pharmaceutical drugs and binders emphasizes the importance of meeting the healthcare requirements of an aging population. Thus, the interplay of these factors delineates the landscape for the anticipated advancement of the market.
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This report extensively covers market segmentation by component (hardware, software, and services), product (lighting controls, programmable thermostats, self-monitoring systems, and advanced central controllers), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
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The 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 market 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 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 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 companies, which will assist in creating efficient business plans.
The market plays a crucial role in solid oral dose forms, such as capsules, by facilitating the binding of hydrophilic molecules. It manages intermolecular interactions using cellulose derivatives and ensures the uniformity of powder mixture compressibility. These excipients influence flow characteristics and the controlled release of active ingredients, thus impacting the therapeutic effect of medicinal drugs. Utilizing both natural and synthetic polymers, along with sugars and starches, they create cohesive oral medicines for patients in tablets/capsules. The market thrives on dry form applications and wet form applications, driven by meticulous research methodology and subject-related expert advice. 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.
The report analyzes the market's competitive landscape and offers information on several market companies, including:
This statistical study of the binders excipients market encompasses successful business strategies deployed by the key companies. The binders excipients market is fragmented and the companies 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 companies should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The 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.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2022 to 2026, as well as historical data from 2016 to 2021 for the following segments.
The market is pivotal in ensuring the efficacy of pharmaceutical products, particularly in capsule formulations. By regulating the release of active ingredients, these excipients contribute directly to the therapeutic effect of medications. Leveraging natural polymers alongside synthetic counterparts, they offer convenience and enable accurate dosing in various drug delivery systems, including novel drug delivery systems and modified-release tablets. They play a crucial role in formulating nutraceuticals and dietary supplements, providing health benefits to consumers. Through their use in branded drugs and innovative therapies, they ensure stability and consistency in drug formulations, enhancing drug delivery characteristics across liquid formulations, granules, and direct compression methods.
In the market, key factors like the release of active ingredients and their subsequent therapeutic effect are paramount. Excipients such as solvents play a crucial role in formulating pharmaceutical products by ensuring proper dissolution and delivery of active pharmaceutical ingredients (APIs). Components like Polyvinylpyrrolidone (PVP) contribute to the desired release profile and enhance the mechanical properties of dosage forms. Moreover, compatibility between excipients and APIs is vital for maintaining drug stability. Other components like fillers, diluents, disintegrants, lubricants, and coloring agents aid in the formulation process, with substances like lactose, magnesium stearate, and talc commonly used in granulation processes.
Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.5% |
Market growth 2022-2026 |
USD 444.89 million |
Market structure |
Fragmented |
YoY growth (%) |
5.05 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
APAC at 48% |
Key consumer countries |
US, Canada, China, Japan, Germany, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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. |
Market dynamics |
Parent market analysis, Market Forecasting, 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 the market forecast period |
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
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