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The global binder excipients market reached a value of US$ 1.2 Billion in 2018. 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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3. Report DescriptionReport Description and Highlights
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.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
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40
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160
2011 2012 2013 2014 2015 2016 2017 2018
InBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
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2019 2020 2021 2022 2023 2024
InBillionUS$
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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market/requestsample
5. Report DescriptionReport Description and Highlights
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.
6. Report Description
Report Description and Highlights
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Market Segmentation by Application
• Tablets and Capsules
• Solution Based
Based on the application, the market has been categorized into tablets and capsules, and solution-
based 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.
7. Report DescriptionReport Description and Highlights
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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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients