Market Size of Polymer Excipients Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 6.00 % |
Fastest Growing Market | Europe |
Largest Market | Europe |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Polymer Excipients Market Analysis
The market for Polymer Excipients is expected to grow at a CAGR of over 6% during the forecast period. Major factors driving the market studied are growing pharmaceuticals industry and rising demand for polymer excipients from coatings application. On the flipside, stringent rules by regulatory bodies and concerns to meet the required quality of product are the major restraints, which are expected to hinder the growth of market.
- Rising trend for biopharmaceuticals across the globe is expected to offer various lucrative opportunities for the growth of market.
- By product type, polyvinylpyrrolidone (povidone) segment is expected to dominate the market owing to the increase in the demand due to its multifunctional abilities.
- Europe region dominated the polymer excipients market across the globe with the largest consumption from countries such as Germany, United Kingdom, and France.
Polymer Excipients Industry Segmentation
The Polymer Excipients market report includes:
Product Type | |
Polyvinylpyrrolidone | |
Polyethylene Glycol | |
Starch | |
Micro Crystalline Cellulose (MCC) | |
Ethyl and Methyl Cellulose | |
Hydroxypropyl Methylcellulose (HPMC) | |
Others |
Application | |
Binders | |
Viscosity Modifiers | |
Coatings | |
Flavors | |
Preservatives | |
Colorants | |
Sweeteners | |
Others |
Geography | |||||||
| |||||||
| |||||||
| |||||||
| |||||||
|
Polymer Excipients Market Size Summary
The Polymer Excipients market is poised for significant growth, driven by the expanding pharmaceuticals industry and the increasing demand for polymer excipients in coatings applications. Despite challenges posed by stringent regulatory requirements and quality concerns, the market is expected to benefit from the rising trend of biopharmaceuticals, which presents lucrative opportunities for expansion. The polyvinylpyrrolidone (povidone) segment is anticipated to lead the market due to its multifunctional capabilities and growing demand in the pharmaceutical sector. This segment's superior properties, such as excellent solubility and film-forming abilities, make it a preferred choice for various applications, including tablets, capsules, and injections, thereby propelling market growth.
Europe is expected to maintain its dominance in the polymer excipients market, with significant consumption in countries like Germany, the United Kingdom, and France. The region's growing pharmaceutical industry, coupled with an increasing elderly population and rising demand for applications such as binders and coating agents, is driving the market. The increased use of excipients in oral solid dosage forms and advancements in medical infrastructure further contribute to market expansion. The presence of major companies like BASF SE, Dow, and Evonik Industries AG, along with government support, is expected to bolster the market's growth trajectory during the forecast period.
Polymer Excipients Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Drivers
-
1.1.1 Growing Pharmaceutical Industry
-
1.1.2 Rising Demand for Polymer Excipients from Coatings Application
-
-
1.2 Restraints
-
1.2.1 Stringent Rules by Regulatory Bodies
-
1.2.2 Concerns to Meet the Required Quality of Product
-
-
1.3 Industry Value Chain Analysis
-
1.4 Porters Five Forces Analysis
-
1.4.1 Bargaining Power of Suppliers
-
1.4.2 Bargaining Power of Consumers
-
1.4.3 Threat of New Entrants
-
1.4.4 Threat of Substitute Products and Services
-
1.4.5 Degree of Competition
-
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Polyvinylpyrrolidone
-
2.1.2 Polyethylene Glycol
-
2.1.3 Starch
-
2.1.4 Micro Crystalline Cellulose (MCC)
-
2.1.5 Ethyl and Methyl Cellulose
-
2.1.6 Hydroxypropyl Methylcellulose (HPMC)
-
2.1.7 Others
-
-
2.2 Application
-
2.2.1 Binders
-
2.2.2 Viscosity Modifiers
-
2.2.3 Coatings
-
2.2.4 Flavors
-
2.2.5 Preservatives
-
2.2.6 Colorants
-
2.2.7 Sweeteners
-
2.2.8 Others
-
-
2.3 Geography
-
2.3.1 Asia-Pacific
-
2.3.1.1 China
-
2.3.1.2 India
-
2.3.1.3 Japan
-
2.3.1.4 South Korea
-
2.3.1.5 Rest of Asia-Pacific
-
-
2.3.2 North America
-
2.3.2.1 United States
-
2.3.2.2 Canada
-
2.3.2.3 Mexico
-
-
2.3.3 Europe
-
2.3.3.1 Germany
-
2.3.3.2 United Kingdom
-
2.3.3.3 Italy
-
2.3.3.4 France
-
2.3.3.5 Rest of Europe
-
-
2.3.4 South America
-
2.3.4.1 Brazil
-
2.3.4.2 Argentina
-
2.3.4.3 Rest of South America
-
-
2.3.5 Middle-East and Africa
-
2.3.5.1 Saudi Arabia
-
2.3.5.2 South Africa
-
2.3.5.3 Rest of Middle-East and Africa
-
-
-
Polymer Excipients Market Size FAQs
What is the current Polymer Excipients Market size?
The Polymer Excipients Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Polymer Excipients Market?
BASF SE , Evonik Industries AG, Dow, ABITEC and Cargill, Incorporated. are the major companies operating in the Polymer Excipients Market.