The key trend witnessed in the global pharmaceutical excipients market is the advancement in the field of nanotechnology and its integration to the product chemistry of pharmaceutical excipients. This integration of nanocoating to drugs is likely to offer a plethora of advantages, including lower amount of lubricant requirement, improvement in film properties, and improve targeted dose delivery in hosts.
Pharmaceutical excipients are natural or synthetic inactive substances that are used alongside the active pharmaceutical ingredient (API) of a drug. These substances perform their functions without altering or modifying the therapeutic action of the active pharmaceutical ingredient. Pharmaceutical excipients are used to offer ease of administration of drug by intended route, improve dosing compliance, ensure consistency and control of drug bioavailability, improve active pharmaceutical ingredient stability, and ensure robust and reproducible physical product.
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The oleochemicals include fatty alcohols, mineral stearates, and glycerin. The carbohydrates are further divided into sugars, cellulose, and starch. The sugars category comprises of actual sugars and sugar alcohols. The actual sugars include lactose, sucrose, and dextrose.
On the basis of function, the pharmaceutical excipients market is classified into diluents, binders, disintegrants, glidants, lubricants, tablet coating and films, and colorants. Diluents, which include sugar compounds such as lactose, dextrin, glucose, sucrose, sorbitol, etc., and inorganic compounds such as silicates, salts of calcium and magnesium, sodium chloride, etc., enable accurate dosing of potent ingredients.
The pharmaceutical excipients market is classified on basis of formulation into oral, topical, parenteral. The oral formulations include tablets and capsules. The capsules category is bifurcated into hard gelation capsules and soft gelatin capsules.
The pharmaceutical excipients market is expected to grow during the forecast period due to increasing utilization of parenteral products owing to rise in the global burden of chronic and lifestyle diseases, and heavy investments by the pharmaceutical companies on the development of biologics.
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Some of the major companies operating in the global pharmaceutical excipients market are Archer Daniels Midland Company, Ashland, BASF SE, Associated British Foods plc, Dow Chemical Company, Croda International plc, FMC Corporation, Evonik Industries AG, The Lubrizol Corporation, and ROQUETTE.
The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.
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