PUBLISHER: IMARC | PRODUCT CODE: 1423286
PUBLISHER: IMARC | PRODUCT CODE: 1423286
Binder Excipients Market Report by Product Type (Cellulosics, Lactose, Polyols, Povidones, Starch and Polysaccharides, Co-Processed Compressible Excipients, and Others), Application (Tablets and Capsules, Solution Based), and Region 2024-2032
Abstract
The global binder excipients market size reached US$ 1.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 2.1 Billion by 2032, exhibiting a growth rate (CAGR) of 4% during 2024-2032. The increasing demand for oral medications among the masses, the growing focus on patient-centric formulations, and extensive research and development activities represent some of the key factors driving the market.
Binder excipients act as one of the essential components in pharmaceutical formulations, especially when utilized in solid oral dose forms. They are employed to bind the pharmaceutical active substances and other elements of a tablet or capsule, resulting in a stable and manageable final product. They are hydrophilic molecules that can generate potent intermolecular interactions with the other components of the formulation, such as cellulose derivatives. Enhancing the powder mixture's compressibility is one of the primary purposes of binder excipients, which provide tablets or capsules with the constant size and shape possible, guaranteeing a consistent and predictable dose. Additionally, they aid in enhancing the powder mixture's flow characteristics, making it simpler to compress tablets or fill capsules. They also aid in controlling the release of the active ingredient release is another crucial function of binder excipients as well as they help in maintaining the therapeutical effect of the medicinal drugs, which is crucial for medications to have a limited therapeutic window or are absorbed only in certain parts of the body. There are several types of binder excipients available, including natural and synthetic polymers, sugars, and starches
Binder Excipients Market Trends:
The escalating demand for oral medicines among the patients majorly drives the global market. This is due to their several benefits, such as easy administration, convenience, and accurate dosing, which are driving the market. In addition, numerous pharmaceutical companies are investing heavily in the development of new tablet and capsule formulations, which is propelling the demand for binder excipients. Along with this, the growing focus on patient-centric formulations, which are created to improve patient compliance and adherence to a medication regimen, is significantly supporting the market. In line with this, the development of novel drug delivery systems, such as modified-release tablets and capsules, requiring specialized binder excipients is also providing a thrust to the demand. Apart from this, the growing demand for nutraceuticals, which are dietary supplements that offer health benefits, is influencing the market favorably. In addition, the rising demand for generic drugs on account of the increasing number of patents expiring on branded drugs is contributing to the market. Furthermore, the development of novel excipients, such as co-processed excipients, is creating a positive market outlook. Some of the other factors driving the market include the rising demand for innovative therapies and continual improvements in the healthcare sector.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global binder excipients market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on product type and application.
Product Type Insights:
Cellulosics
Lactose
Polyols
Povidones
Starch and Polysaccharides
Co-Processed Compressible Excipients
Others
The report has provided a detailed breakup and analysis of the binder excipients market based on the product type. This includes cellulosics, lactose, polyols, povidones, starch and polysaccharides, co-processed compressible excipients, and others. According to the report, cellulosics represented the largest segment.
Application Insights:
Tablets and Capsules
Solution Based
A detailed breakup and analysis of the binder excipients market based on the application have also been provided in the report. This includes tablets and capsules and solution based. Amongst these, tablets and capsules represent the largest segment.
Regional Insight:
North America
Asia Pacific
Europe
Middle East and Africa
Latin America
The report has also provided a comprehensive analysis of all the major regional markets, which include North America, Asia Pacific, Europe, Middle East and Africa, and Latin America. According to the report, North America was the largest market for binder excipients. Some of the factors driving the North America binder excipients market included technological advancements, increasing investments in innovations, and significant growth in the pharmaceutical industry across the region.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global binder excipients market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered are Colorcon, Croda International, EMD Millipore, Dow Chemical, FMC BioPolymer, Fuji Chemical Industry and Ingredion.
Key Questions Answered in This Report
- 1. What was the size of the global binder excipients market in 2023?
- 2. What is the expected growth rate of the global binder excipients market during 2024-2032?
- 3. What are the key factors driving the global binder excipients market?
- 4. What has been the impact of COVID-19 on the global binder excipients market?
- 5. What is the breakup of the global binder excipients market based on the product type?
- 6. What is the breakup of the global binder excipients market based on the application?
- 7. What are the key regions in the global binder excipients market?
- 8. Who are the key players/companies in the global binder excipients market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Binder Excipients Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Breakup by Product Type
- 5.5 Market Breakup by Application
- 5.6 Market Breakup by Region
- 5.7 Market Forecast
- 5.8 SWOT Analysis
- 5.8.1 Overview
- 5.8.2 Strengths
- 5.8.3 Weaknesses
- 5.8.4 Opportunities
- 5.8.5 Threats
- 5.9 Value Chain Analysis
- 5.9.1 Overview
- 5.9.2 Research and Development
- 5.9.3 Raw Material Procurement
- 5.9.4 Manufacturing
- 5.9.5 Distribution
- 5.9.6 Export
- 5.9.7 End-Use
- 5.10 Porters Five Forces Analysis
- 5.10.1 Overview
- 5.10.2 Bargaining Power of Buyers
- 5.10.3 Bargaining Power of Suppliers
- 5.10.4 Degree of Competition
- 5.10.5 Threat of New Entrants
- 5.10.6 Threat of Substitutes
6 Market Breakup by Product Type
- 6.1 Cellulosics
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Lactose
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Polyols
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Povidones
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Starch and Polysaccharides
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Co-Processed Compressible Excipients
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Others
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
7 Market Breakup by Application
- 7.1 Tablets and Capsules
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Solution Based
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Asia Pacific
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Europe
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Middle East and Africa
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Latin America
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Binder Excipients Manufacturing Process
- 9.1 Product Overview
- 9.2 Raw Material Requirements
- 9.3 Manufacturing Process
- 9.4 Key Success and Risk Factors
10 Competitive Landscape
- 10.1 Market Structure
- 10.2 Key Players
- 10.3 Profiles of Key Players
- 10.3.1 Colorcon
- 10.3.2 Croda International
- 10.3.3 EMD Millipore
- 10.3.4 Dow Chemical
- 10.3.5 FMC BioPolymer
- 10.3.6 Fuji Chemical Industry
- 10.3.7 Ingredion
List of Figures
- Figure 1: Global: Binder Excipients Market: Major Drivers and Challenges
- Figure 2: Global: Binder Excipients Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Binder Excipients Market: Breakup by Product Type (in %), 2023
- Figure 4: Global: Binder Excipients Market: Breakup by Application (in %), 2023
- Figure 5: Global: Binder Excipients Market: Breakup by Region (in %), 2023
- Figure 6: Global: Binder Excipients Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 7: Global: Binder Excipients Industry: SWOT Analysis
- Figure 8: Global: Binder Excipients Industry: Value Chain Analysis
- Figure 9: Global: Binder Excipients Industry: Porter's Five Forces Analysis
- Figure 10: Global: Binder Excipients Market (Cellulosics): Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Binder Excipients Market Forecast (Cellulosics): Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Binder Excipients Market (Lactose): Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Binder Excipients Market Forecast (Lactose): Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Binder Excipients Market (Polyols): Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Binder Excipients Market Forecast (Polyols): Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Binder Excipients Market (Povidones): Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Binder Excipients Market Forecast (Povidones): Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Binder Excipients Market (Starch and Polysaccharides): Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Binder Excipients Market Forecast (Starch and Polysaccharides): Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Binder Excipients Market (Co-Processed Compressible Excipients): Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Binder Excipients Market Forecast (Co-Processed Compressible Excipients): Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Binder Excipients Market (Other Product Types): Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Binder Excipients Market Forecast (Other Product Types): Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Binder Excipients Market (Tablets and Capsules): Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Binder Excipients Market Forecast (Tablets and Capsules): Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Binder Excipients Market (Solution Based): Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Binder Excipients Market Forecast (Solution Based): Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Binder Excipients Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Binder Excipients Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Asia Pacific: Binder Excipients Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Asia Pacific: Binder Excipients Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Europe: Binder Excipients Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Europe: Binder Excipients Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Middle East and Africa: Binder Excipients Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Middle East and Africa: Binder Excipients Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: Latin America: Binder Excipients Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: Latin America: Binder Excipients Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Binder Excipients Manufacturing: Detailed Process Flow
List of Tables
- Table 1: Global: Binder Excipients Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Binder Excipients Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
- Table 3: Global: Binder Excipients Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Binder Excipients Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 5: Binder Excipients Manufacturing: Raw Material Requirements
- Table 6: Global: Binder Excipients Market: Competitive Structure
- Table 7: Global: Binder Excipients Market: Key Players
