Impact of Covid-19 on Pharmaceutical Excipients Market 2020-2027 – Evonik Indust
Posted by shriya on May 19th, 2021
Global Pharmaceutical Excipients Market, by Function (Binder, Lubricant, Filler, Coating), By Application (Oral, Parenteral, Topical), By Product (Organic Chemicals, Inorganic Chemicals) - Global Forecast 2027
Pharmaceutical excipients are substances formulated for the efficient and effective administration of medicines to patients facilitating drug absorption. Market Research Future (MRFR)’s assessment asserts that the global pharmaceutical excipients market is projected to strike a moderate CAGR during the review period 2016 to 2027.
The growth of the pharmaceutical industry in conjunction with the investments injected for the development of new drugs is anticipated to catapult the pharmaceutical excipients market on an upward trajectory. In addition, the research & development for the formulation of better excipients is also projected to favor the growth pace of the market over the next couple of years.
By region, the global pharmaceutical excipients market has been segmented into North America, Europe, Asia, and the Rest of the World (RoW). North America is expected to hold the maximum market share through the assessment period. The growth can be attributed to the rapid developments in healthcare as well as pharmaceutical industries. Increasing prevalence of cancer in the region is also encouraging the growth trajectory of the pharmaceutical excipients market in the region. It has been projected to exhibit a similar growth trend in the forthcoming years.
The noted players contributing towards the development of the pharmaceutical excipients market are Evonik Industries Ag, The Dow Chemical Company, FMC Corporation, Ashland, Inc., Ferro Corporation, Basf Se, Akzo Nobel NV, P&G Chemicals, and Croda International PL
Browse Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/pharmaceutical-excipients-market-868
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About the Authorshriya
Joined: May 18th, 2021
Articles Posted: 81
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