Pharmaceutical Excipients Market, By Product, By Functionality, By Formulation, By Application, By Country, and By Region - Industry Analysis, Market Size, Market Share & Forecast from 2025-2032

Description

REPORT HIGHLIGHT

Pharmaceutical Excipients Market size was valued at USD 10,237.43 Million in 2024, expanding to a CAGR of 6.96% from 2025 to 2032.

Pharmaceutical excipients are inactive substances formulated alongside the active pharmaceutical ingredient (API) in a drug. They serve various roles, such as aiding in drug delivery, enhancing stability, improving taste, and ensuring proper manufacturing.

Pharmaceutical Excipients Market- Market Dynamics

Rising demand for novel drugs delivery systems and biopharmaceuticals is expected to propel market demand

The pharmaceutical excipients market is experiencing significant growth, driven by various factors including the expansion of the pharmaceutical industry, advancements in drug formulations, and novel drug delivery systems. Traditional drug formulations are gradually being replaced by novel drug delivery systems (NDDS) such as controlled-release, sustained-release, and targeted drug delivery. These advanced drug delivery systems require specialized excipients to ensure proper drug release, stability, and effectiveness. Excipients like polymers and lipids are crucial in developing controlled-release formulations, which improve drug bioavailability and reduce dosing frequency. Additionally, emerging markets such as China, India, and Brazil are witnessing strong growth in pharmaceutical manufacturing due to lower production costs and favorable government policies.

Excipients such as sucrose, trehalose, and mannitol are used in freeze-dried biologics to maintain stability. Thus, as the demand for biopharmaceuticals continues to rise, so does the need for innovative excipients tailored for these complex formulations. Further, regulatory bodies such as the U.S. Food and Drug Administration (FDA), European Medicines Agency (EMA), and International Council for Harmonisation (ICH) enforce strict guidelines on drug formulation, safety, and quality. To meet these standards, pharmaceutical companies are focusing on high-quality, compliant excipients that enhance drug stability and safety.

Pharmaceutical Excipients Market- Key Insights

As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 6.96% over the forecast period (2025-2032)

Based on Product segmentation, the organic chemicals segment was predicted to show maximum market share in the year 2024, due to high demand from generic drugs.

Based on Functionality segmentation, the lubricants & glidants segment was the leading Functionality segment in 2024, due to the high need of oral solid dosages.

Based on Formulation segmentation, the oral segment was the leading Formulation segment in 2024, owing to high demand from capsule, liquid formulations.

Based on Application segmentation, the stabilizers segment was the leading Application segment in 2024, owing to high need for stabilizers in biopharmaceuticals.

On the basis of the region, Asia Pacific was the leading revenue generator in 2024, owing to large presence of pharmaceutical companies.

Pharmaceutical Excipients Market- Segmentation Analysis:

The Global Pharmaceutical Excipients Market is segmented on the basis of Product, Functionality, Formulation, Application, and Region.

The market is divided into two categories based on Product: organic and inorganic. The organic segment dominates the market. The increasing demand for biological drugs, novel drug delivery is expected to boost market growth.

The market is divided into seven categories based on the Functionality: fillers, binders, coating agents, colorants, disintegrants, lubricants & glidants, and others. The lubricants & glidants segment is expected to hold the largest share due to the high demand from oral dosages.

The market is divided into four categories based on Formulation: oral, topical, parenteral, and others. The oral segment is expected to hold the largest share. The wider usage & its efficacy against different ailments is contributing to segment demand.

The market is divided into three categories based on Application: stabilizers, taste masking, and others. The stabilizers segment holds the highest share of the application segment. The increasing demand from generic drug production, high quality excipients is accelerating segment growth.

Pharmaceutical Excipients Market- Geographical Insights

Across the world, the Pharmaceutical Excipients market is widespread in the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominates the global pharmaceutical excipients market. The U.S. is home to a robust pharmaceutical sector, including many generic drug manufacturers and biopharmaceutical companies. This contributes to the growing demand for excipients. Europe is at the forefront of innovative drug formulations, particularly in the areas of biopharmaceuticals and vaccines, which require specialized excipients. With an aging population in Europe, there is a growing need for drugs that cater to chronic diseases, driving the demand for pharmaceutical excipients, especially in oral drug formulations. Asia-Pacific is becoming a hub for contract manufacturing of pharmaceuticals, particularly in India and China.

Pharmaceutical Excipients Market- Competitive Landscape:

The pharmaceutical excipients market is highly competitive, with numerous global and regional players engaged in the production and supply of a wide range of excipients. These excipients play a critical role in drug formulation, enhancing stability, bioavailability. Market players focus on offering excipients that are used in a wide variety of drug formulations, including controlled-release, bioavailability enhancers, and drug solubilizers. Companies are focusing on R&D and innovation to develop new excipients that improve drug performance. Excipients that can enable sustained-release, controlled-release, and bioavailability enhancement are in high demand. The company's strong research and development (R&D) capabilities allow it to offer tailored solutions for customers.

Recent Developments:

In 2023, BASF collaborated with Croda International Plc to develop and market new excipients aimed at improving drug delivery in oral and parenteral formulations.

In 2024, Roquette Freres has focused on developing plant-based excipients that cater to the growing consumer preference for natural ingredients.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET KEY PLAYERS

Dow Inc.
Evonik Industries AG
BASF SE
Lubrizol Corporation
FMC Corporation
Roquette Freres
Sinopharm Group Co., Ltd.
Wacker Chemie AG
Shin-Etsu Chemical Co., Ltd.
InnoBio Limited
Ashland Global Holdings Inc.
Cargill, Inc.
JRS PHARMA GmbH & Co. KG
Mitsubishi Chemical Corporation
ARCH Chemicals, Inc.
Others

GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY PRODUCT- MARKET ANALYSIS, 2019-2032

Organic
Inorganic

GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY FUNCTIONALITY- MARKET ANALYSIS, 2019-2032

Fillers
Binders
Coating agents
Colorants
Disintegrants
Lubricants & glidants
Others

GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY FORMULATION- MARKET ANALYSIS, 2019-2032

Oral
Topical
Parenteral
Others

GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY APPLICATION- MARKET ANALYSIS, 2019-2032

Stabilizers
Taste masking
Others

GLOBAL PHARMACEUTICAL EXCIPIENTS MARKET, BY REGION- MARKET ANALYSIS, 2019-2032

North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Russia
Netherlands
Sweden
Poland
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Australia
Thailand
Indonesia
Philippines
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Colombia
Rest of LATAM
The Middle East and Africa
Saudi Arabia
UAE
Israel
Turkey
Algeria
Egypt
Rest of MEA

Product Code: ANV4833

1. Pharmaceutical Excipients Market Overview

1.1. Study Scope
1.2. Market Estimation Years

2. Executive Summary

2.1. Market Snippet
- 2.1.1. Pharmaceutical Excipients Market Snippet by Product
- 2.1.2. Pharmaceutical Excipients Market Snippet by Functionality
- 2.1.3. Pharmaceutical Excipients Market Snippet by Formulation
- 2.1.4. Pharmaceutical Excipients Market Snippet by Application
- 2.1.5. Pharmaceutical Excipients Market Snippet by Country
- 2.1.6. Pharmaceutical Excipients Market Snippet by Region
2.2. Competitive Insights

3. Pharmaceutical Excipients Key Market Trends

3.1. Pharmaceutical Excipients Market Drivers
- 3.1.1. Impact Analysis of Market Drivers
3.2. Pharmaceutical Excipients Market Restraints
- 3.2.1. Impact Analysis of Market Restraints
3.3. Pharmaceutical Excipients Market Opportunities
3.4. Pharmaceutical Excipients Market Future Trends

4. Pharmaceutical Excipients Industry Study

4.1. PEST Analysis
4.2. Porter's Five Forces Analysis
4.3. Growth Prospect Mapping
4.4. Regulatory Framework Analysis

5. Pharmaceutical Excipients Market: Impact of Escalating Geopolitical Tensions

5.1. Impact of COVID-19 Pandemic
5.2. Impact of Russia-Ukraine War
5.3. Impact of Middle East Conflicts

6. Pharmaceutical Excipients Market Landscape

6.1. Pharmaceutical Excipients Market Share Analysis, 2024
6.2. Breakdown Data, by Key Manufacturer
- 6.2.1. Established Players' Analysis
- 6.2.2. Emerging Players' Analysis

7. Pharmaceutical Excipients Market - By Product

7.1. Overview
- 7.1.1. Segment Share Analysis, By Product, 2024 & 2032 (%)
- 7.1.2. Organic
- 7.1.3. Inorganic

8. Pharmaceutical Excipients Market - By Functionality

8.1. Overview
- 8.1.1. Segment Share Analysis, By Functionality, 2024 & 2032 (%)
- 8.1.2. Fillers
- 8.1.3. Binders
- 8.1.4. Coating agents
- 8.1.5. Colorants
- 8.1.6. Disintegrants
- 8.1.7. Lubricants & glidants
- 8.1.8. Others

9. Pharmaceutical Excipients Market - By Formulation

9.1. Overview
- 9.1.1. Segment Share Analysis, By Formulation, 2024 & 2032 (%)
- 9.1.2. Oral
- 9.1.3. Topical
- 9.1.4. Parenteral
- 9.1.5. Others

10. Pharmaceutical Excipients Market - By Application

10.1. Overview
- 10.1.1. Segment Share Analysis, By Functionality, 2024 & 2032 (%)
- 10.1.2. Stabilizers
- 10.1.3. Taste masking
- 10.1.4. Others

11. Pharmaceutical Excipients Market- By Geography

11.1. Introduction
- 11.1.1. Segment Share Analysis, By Geography, 2024 & 2032 (%)
11.2. North America
- 11.2.1. Overview
- 11.2.2. Pharmaceutical Excipients Key Manufacturers in North America
- 11.2.3. North America Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.2.4. North America Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.2.5. North America Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
- 11.2.6. North America Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
- 11.2.7. North America Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.2.8. U.S.
  - 11.2.8.1. Overview
  - 11.2.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.2.8.3. U.S. Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.2.8.4. U.S. Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.2.8.5. U.S. Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.2.8.6. U.S. Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.2.9. Canada
  - 11.2.9.1. Overview
  - 11.2.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.2.9.3. Canada Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.2.9.4. Canada Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.2.9.5. Canada Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.2.9.6. Canada Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.3. Europe
- 11.3.1. Overview
- 11.3.2. Pharmaceutical Excipients Key Manufacturers in Europe
- 11.3.3. Europe Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.3.4. Europe Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.3.5. Europe Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
- 11.3.6. Europe Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
- 11.3.7. Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.8. Germany
  - 11.3.8.1. Overview
  - 11.3.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.8.3. Germany Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.8.4. Germany Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.8.5. Germany Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.8.6. Germany Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.9. UK
  - 11.3.9.1. Overview
  - 11.3.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.9.3. UK Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.9.4. UK Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.9.5. UK Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.9.6. UK Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.10. France
  - 11.3.10.1. Overview
  - 11.3.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.10.3. France Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.10.4. France Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.10.5. France Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.10.6. France Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.11. Italy
  - 11.3.11.1. Overview
  - 11.3.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.11.3. Italy Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.11.4. Italy Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.11.5. Italy Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.11.6. Italy Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.12. Spain
  - 11.3.12.1. Overview
  - 11.3.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.12.3. Spain Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.12.4. Spain Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.12.5. Spain Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.12.6. Spain Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.13. The Netherlands
  - 11.3.13.1. Overview
  - 11.3.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.13.3. The Netherlands Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.13.4. The Netherlands Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.13.5. The Netherlands Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.13.6. The Netherlands Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.14. Sweden
  - 11.3.14.1. Overview
  - 11.3.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.14.3. Sweden Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.14.4. Sweden Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.14.5. Sweden Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.14.6. Sweden Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.15. Russia
  - 11.3.15.1. Overview
  - 11.3.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.15.3. Russia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.15.4. Russia Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.15.5. Russia Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.15.6. Russia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.16. Poland
  - 11.3.16.1. Overview
  - 11.3.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.16.3. Poland Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.16.4. Poland Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.16.5. Poland Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.16.6. Poland Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.3.17. Rest of Europe
  - 11.3.17.1. Overview
  - 11.3.17.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.3.17.3. Rest of the Europe Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.3.17.4. Rest of the Europe Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.3.17.5. Rest of the Europe Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.3.17.6. Rest of the Europe Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.4. Asia Pacific (APAC)
- 11.4.1. Overview
- 11.4.2. Pharmaceutical Excipients Key Manufacturers in Asia Pacific
- 11.4.3. APAC Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.4.4. APAC Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.4.5. APAC Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
- 11.4.6. APAC Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
- 11.4.7. APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.8. China
  - 11.4.8.1. Overview
  - 11.4.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.8.3. China Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.8.4. China Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.8.5. China Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.8.6. China Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.9. India
  - 11.4.9.1. Overview
  - 11.4.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.9.3. India Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.9.4. India Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.9.5. India Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.9.6. India Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.10. Japan
  - 11.4.10.1. Overview
  - 11.4.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.10.3. Japan Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.10.4. Japan Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.10.5. Japan Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.10.6. Japan Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.11. South Korea
  - 11.4.11.1. Overview
  - 11.4.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.11.3. South Korea Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.11.4. South Korea Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.11.5. South Korea Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.11.6. South Korea Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.12. Australia
  - 11.4.12.1. Overview
  - 11.4.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.12.3. Australia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.12.4. Australia Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.12.5. Australia Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.12.6. Australia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.13. Indonesia
  - 11.4.13.1. Overview
  - 11.4.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.13.3. Indonesia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.13.4. Indonesia Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.13.5. Indonesia Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.13.6. Indonesia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.14. Thailand
  - 11.4.14.1. Overview
  - 11.4.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.14.3. Thailand Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.14.4. Thailand Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.14.5. Thailand Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.14.6. Thailand Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.15. Philippines
  - 11.4.15.1. Overview
  - 11.4.15.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.15.3. Philippines Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.15.4. Philippines Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.15.5. Philippines Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.15.6. Philippines Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.4.16. Rest of APAC
  - 11.4.16.1. Overview
  - 11.4.16.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.4.16.3. Rest of APAC Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.4.16.4. Rest of APAC Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.4.16.5. Rest of APAC Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.4.16.6. Rest of APAC Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.5. Latin America (LATAM)
- 11.5.1. Overview
- 11.5.2. Pharmaceutical Excipients Key Manufacturers in Latin America
- 11.5.3. LATAM Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.5.4. LATAM Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.5.5. LATAM Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
- 11.5.6. LATAM Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
- 11.5.7. LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.8. Brazil
  - 11.5.8.1. Overview
  - 11.5.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.8.3. Brazil Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.5.8.4. Brazil Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.5.8.5. Brazil Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.5.8.6. Brazil Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.9. Mexico
  - 11.5.9.1. Overview
  - 11.5.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.9.3. Mexico Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.5.9.4. Mexico Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.5.9.5. Mexico Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.5.9.6. Mexico Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.10. Argentina
  - 11.5.10.1. Overview
  - 11.5.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.10.3. Argentina Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.5.10.4. Argentina Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.5.10.5. Argentina Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.5.10.6. Argentina Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.11. Colombia
  - 11.5.11.1. Overview
  - 11.5.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.11.3. Colombia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.5.11.4. Colombia Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.5.11.5. Colombia Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.5.11.6. Colombia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.5.12. Rest of LATAM
  - 11.5.12.1. Overview
  - 11.5.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.5.12.3. Rest of LATAM Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.5.12.4. Rest of LATAM Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.5.12.5. Rest of LATAM Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.5.12.6. Rest of LATAM Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
11.6. Middle East and Africa (MEA)
- 11.6.1. Overview
- 11.6.2. Pharmaceutical Excipients Key Manufacturers in Middle East and Africa
- 11.6.3. MEA Market Size and Forecast, By Country, 2019 - 2032 (US$ Million)
- 11.6.4. MEA Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
- 11.6.5. MEA Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
- 11.6.6. MEA Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
- 11.6.7. MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.8. Saudi Arabia
  - 11.6.8.1. Overview
  - 11.6.8.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.8.3. Saudi Arabia Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.8.4. Saudi Arabia Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.8.5. Saudi Arabia Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.8.6. Saudi Arabia Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.9. United Arab Emirates
  - 11.6.9.1. Overview
  - 11.6.9.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.9.3. United Arab Emirates Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.9.4. United Arab Emirates Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.9.5. United Arab Emirates Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.9.6. United Arab Emirates Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.10. Israel
  - 11.6.10.1. Overview
  - 11.6.10.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.10.3. Israel Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.10.4. Israel Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.10.5. Israel Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.10.6. Israel Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.11. Turkey
  - 11.6.11.1. Overview
  - 11.6.11.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.11.3. Turkey Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.11.4. Turkey Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.11.5. Turkey Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.11.6. Turkey Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.12. Algeria
  - 11.6.12.1. Overview
  - 11.6.12.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.12.3. Algeria Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.12.4. Algeria Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.12.5. Algeria Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.12.6. Algeria Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.13. Egypt
  - 11.6.13.1. Overview
  - 11.6.13.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.13.3. Egypt Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.13.4. Egypt Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.13.5. Egypt Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.13.6. Egypt Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)
- 11.6.14. Rest of MEA
  - 11.6.14.1. Overview
  - 11.6.14.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2019 - 2032, (US$ Million)
  - 11.6.14.3. Rest of MEA Market Size and Forecast, By Product, 2019 - 2032 (US$ Million)
  - 11.6.14.4. Rest of MEA Market Size and Forecast, By Functionality, 2019 - 2032 (US$ Million)
  - 11.6.14.5. Rest of MEA Market Size and Forecast, By Formulation, 2019 - 2032 (US$ Million)
  - 11.6.14.6. Rest of MEA Market Size and Forecast, By Application, 2019 - 2032 (US$ Million)

12. Key Vendor Analysis- Pharmaceutical Excipients Industry

12.1. Competitive Dashboard
- 12.1.1. Competitive Benchmarking
- 12.1.2. Competitive Positioning
12.2. Company Profiles
- 12.2.1. Dow Inc.
- 12.2.2. Evonik Industries AG
- 12.2.3. BASF SE
- 12.2.4. Lubrizol Corporation
- 12.2.5. FMC Corporation
- 12.2.6. Roquette Freres
- 12.2.7. Sinopharm Group Co., Ltd.
- 12.2.8. Wacker Chemie AG
- 12.2.9. Shin-Etsu Chemical Co., Ltd.
- 12.2.10. InnoBio Limited
- 12.2.11. Ashland Global Holdings Inc.
- 12.2.12. Cargill, Inc.
- 12.2.13. JRS PHARMA GmbH & Co. KG
- 12.2.14. Mitsubishi Chemical Corporation
- 12.2.15. ARCH Chemicals, Inc.
- 12.2.16. Others

13. 360 Degree AnalystView

14. Appendix

14.1. Research Methodology
14.2. References
14.3. Abbreviations
14.4. Disclaimer
14.5. Contact Us