Binder Excipients Market Size Worth $ 1.7 Billion by 2024 | CAGR 5.3%

Global Binder Excipients Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Binder Excipients Market Overview: The latest market research report by IMARC Group, titled “Binder Excipients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024�, finds that the global binder excipients market reached a value of US$ 1.2 Billion in 2018. Binder excipients refer to formulations that act as adhesives to hold or bind pharmaceutical ingredients and help them in forming a cohesive unit. These excipients are used to bind dry ingredients, such as powders and granules, and impart mechanical strength to form compact masses known as tablets. They also affect granule properties like flow, handling and solubility. Apart from this, these excipients help in transporting the active ingredient to the intended site in the body. They keep the drug from being released too early in the assimilation process as well as prevent gastric irritation, stomach upset and damage to tender tissues.

Binder Excipients Market Trends One of the major factors driving the growth of the global binder excipients market is the escalating demand for generic medicines across the world. Additionally, increasing sales of various pharmaceuticals due to the growing outbreak of several chronic and seasonal diseases is providing thrust to the market growth.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

In Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

This, along with patent expiry of popular drugs and advancements in nanotechnology, is anticipated to have a significant impact on the sales of binder excipients. On account of these factors, the market is estimated to reach a value of around US$ 1.7 Billion by 2024, expanding at a CAGR of 5.3% during the forecast period (2019-2024).

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Moreover, various pharmaceutical companies are engaged in the development of improved and multifunctional binder excipients so as to enhance the functionality of the drug they are added in.

Key Market Segmentation: Market Segmentation by Product Type • • • • • • •

Cellulosics Lactose Polyols Povidones Starch and Polysaccharides Co-Processed Compressible Excipients Others

On the basis of the type, the market has been divided into cellulosic, lactose, polyols, povidones, starch and polysaccharides, and co-processed compressible excipients. Amongst these, cellulosic excipients represent the most popular product type.

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For more information, click here: https://www.imarcgroup.com/binder-excipients-market Market Segmentation by Application • •

Tablets and Capsules Solution Based

Based on the application, the market has been categorized into tablets and capsules, and solutionbased segments. Currently, tablets and capsules account for the majority of the total market share.

Market Segmentation by Region • • • • •

North America Europe Asia Pacific Middle East and Africa Latin America

On the geographical front, North America is the leading market, holding the dominant share.

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Other major regions include Asia Pacific, Europe, Middle East and Africa, and Latin America.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • • •

Colorcon Croda International EMD Millipore Dow Chemical FMC BioPolymer Fuji Chemical Industry Ingredion

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