Due to formulation stability and shelf life, excipients are utilized to make tablets, capsules, and liquids. Oral, topical, and parenteral applications divide the pharmaceutical excipients industry. Liposomes are being used to deliver topical medicines. Liposomes model artificial cells. Protons neutralize medicine pH and allow it to pass across a membrane. Liposomes diffuse medication rather than fusing cells. Novel drug delivery methods boost the pharmaceutical excipients sector.Novel medicine formulations are also driving the global pharmaceutical excipients market. In June 2019, researchers from the University of Sussex developed a new oral dosage form to address bioavailability issues like drug absorption, metabolism, and first pass metabolism of oral dosage forms. Liquisolid technology with extrusion-spheronization created Liqui-pellet oral doses for drug delivery.
The global Pharmaceutical Excipients Market size was valued at US$ 6,557.6 Million in 2018, and is expected to exhibit a CAGR of 6.9% over the forecast period (2019–2027).
Major Players in the Pharmaceutical Excipients Industry:
1. FMC Corporation
FMC Corporation was founded in 1883 and its headquarter in Philadelphia, Pennsylvania, United States.. The company operates in 60 countries.
2. The Dow Chemical Company
The Dow Chemical Company founded in 1897, and it’s located in Midland, Michigan, United States. The company operates in 160 countries.
3. Evonik Industries AG
Evonik Industries AG was launch in 2007 and it’s headquarter located in Erlangen, Germany.it operate over 100 country .In2022 Evonik Industries has a vast polymer product portfolio in the pharmaceutical excipients market.
4. Ashland Inc
Ashland Inc was launch in 1924 and it’s headquarter located in Wilmington, Delaware, United States.it operate over 100 country
5. BASF SE
BASF SE founded in 1865, with its headquarters in Ludwigshafen, Germany.With businesses in over 91 countries.
6. Lubrizol Corporation
Lubrizol Corporation ,was launch 1928 and its headquarter Wickliffe, Ohio, United States. .it operate over 100 country.
7. Innophos Holdings Inc
Innophos Holdings Inc founded in 2004, with its headquarters in New Jersey, United States .With businesses in over 70 countries. In 2021 Innophos will be showcasing its portfolio of co-processed, multifunctional excipients, including A-Tab® MD
*Definition- Pharmaceutical excipients are designed to interact and enhance the properties of active pharmaceutical ingredients (APIs). Excipients are made to promote various ingredient qualities and have become a valuable asset for drug formulators.
