Asia Pacific Pharmaceutical Excipients Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Product (Organic Chemicals, Inorganic Chemicals, and Other Products); Functionality (Fillers and Diluents, Suspending and Viscosity Agents, Coating Agents, Binders, Preservatives, Emulsifying Agents, and Other Functionalities); Type of Formulation (Oral Formulations, Topical Formulations, Parenteral Formulations, and Other Formulations)

Code: TIPRE00022801 | Pages: 168 | Industry: Pharmaceuticals | Date: Jun 2021 | Type: Regional

Market Introduction

Without an appropriate delivery system, the best new therapeutic entity in the world is of no benefit. Today, medicines including tablets, capsules, oral liquids, topical creams and gels, transdermal patches, injectable products, implants, eye products, nasal products, inhalers and suppositories, are available in many dosage forms. Pharmaceutical excipients are substances which are used in the form of a pharmaceutical dosage, not for their direct therapeutic action, but for the purpose of aiding the production process, protecting, supporting or enhancing stability, or for bioavailability or acceptability of patients. They also assist in the identification of products and improve the overall safety or function of the product during its storage or use.

Thus, a surge in the generics market are expected to create a significant demand for pharmaceutical excipients in the coming years, which is further anticipated to drive the pharmaceutical excipients market.

In India, although imports of pharmaceutical raw material from China resumed in mid-March, the current Covid-19 caused lockdown situation in the country has disrupted pharmaceutical production, as the ban on public transportation is making it difficult for workers to reach manufacturing plants. This is also disrupting the supply of packaging materials, among other essentials supporting the pharmaceutical industry. The slowdown in imports has also affected the innovative drug developers. The manufacturers of branded pharmaceuticals may see a shift in their demand both as antiviral use rises, and as other chronic conditions are left untreated by patients due to concerns over exposure to the pandemic. The pharmaceutical units are currently operating at 40%–50% of their capacities because of unavailability of workforce and curtailment of operations to only one shift at various plants. The restrictions on usage of public transportation as well as requirement for passes for traveling interstate or inter-district have also affected the movement of laborers and they are finding it difficult to reach manufacturing plants. The shortfall in pharmaceuticals production due to shortage of APIs and key starting raw materials is having a direct impact on the country’s export of generic medicines worldwide as well as impeding the development of drugs required to fight the pandemic.

 


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Market Overview and Dynamics

The pharmaceutical excipients market in Asia Pacific is expected to grow from US$ 1,388.3 million in 2019 to US$ 2,214.6 million by 2027; it is estimated to grow at a CAGR of 6.2% from 2020 to 2027. Multifunctional excipient refers to excipients playing several roles in a dosage type or a drug delivery method. Several APIs (Active Pharmaceutical Ingredients) demonstrate low dissolution rates and poor solubility in aqueous condition. Oral bioavailability of these compounds is low due to poor solubility. In order to increase the bioavailability of these poorly soluble products, formulation methods are used to improve their aqueous solubility and dissolution. ~90% of newly discovered therapeutic compounds in the developmental process are reported to exhibit low aqueous solubility. Additionally, ~40% of new medicines prescribed to patients in hospitals are estimated to have relatively poor aqueous solubility. These drugs require functional excipients to help resolve their weak physico-chemical properties. Multi-functional excipients are used to generate dosage forms that can minimize the number of doses by adjusting the rate of drug release or enhancing drug delivery by targeting the gastrointestinal tract where drug absorption is maximum.

In addition, functional excipients are used to re-formulate existing drugs to create efficient and cost-effective products. As the production of novel drug delivery systems is progressing, sophisticated excipients are required to impart these properties to the final product. Moreover, increasing prevalence of chronic diseases and a growing propensity to consume oral formulations are some of the factors anticipated to fuel demand for multi-functional excipients in the pharmaceutical industry. Multifunctional excipients play an important role in the development of intelligent drug delivery systems, thereby leading to the improvement of the achieved therapeutic effect. Therefore, the growth of the pharmaceutical market backed by multi-functionality excipients is driving the market’s growth.

 

Key Market Segments

In terms of product, the organic chemicals segment accounted for the largest share of the Asia Pacific pharmaceutical excipients market in 2019. In terms of functionality, the fillers and diluents segment held a larger market share of the pharmaceutical excipients market in 2019. In terms of type of formulation, the oral formulations segment held a larger market share of the pharmaceutical excipients market in 2019.

 

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Pharmaceutical excipients market in Asia Pacific are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DuPont de Nemours, Inc., Roquette Frères, Ashland Global Holdings, Inc., BASF SE, Evonik Industries AG, Associated British Foods Plc, Archer Daniels Midland Company, Lubrizol Corporation, DFE Pharma, and Croda International Plc.

 

Reasons to buy report

  • To understand the Asia Pacific pharmaceutical excipients market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for Asia Pacific pharmaceutical excipients market
  • Efficiently plan M&A and partnership deals in Asia Pacific pharmaceutical excipients market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Asia Pacific pharmaceutical excipients market
  • Obtain market revenue forecast for market by various segments from 2021-2028 in Asia Pacific region.

 

ASIA PACIFIC PHARMACEUTICAL EXCIPIENTS MARKET SEGMENTATION

By Product

  • Organic Chemicals
  • Inorganic Chemicals
  • Other Products

By Functionality

  • Fillers & Diluents
  • Suspending & Viscosity Agents
  • Coating Agents
  • Binders
  • Preservatives
  • Emulsifying Agents
  • Other Functionalities

 

By Type of Formulation

  • Oral Formulations
  • Topical Formulations
  • Parenteral Formulations
  • Other Formulations

 

By Country

  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific

 

 

Companies Mentioned

  1. DuPont de Nemours, Inc.
  2. Roquette Frères
  3. Ashland Global Holdings, Inc.
  4. BASF SE
  5. Evonik Industries AG
  6. Associated British Foods Plc
  7. Archer Daniels Midland Company
  8. Lubrizol Corporation
  9. Croda International Plc
  10. DFE Pharma
 

1.           Introduction

1.1          Scope of the Study

1.2          The Insight Partners Research Report Guidance

1.3          Market Segmentation

1.3.1          Pharmaceutical Excipients Market – By Product

1.3.2          Pharmaceutical Excipients Market – By Functionality

1.3.3          Pharmaceutical Excipients Market – By Type of Formulation

1.3.4          Asia Pacific Pharmaceutical Excipients Market – By Country

2.           Asia Pacific Pharmaceutical Excipients Market – Key Takeaways

3.           Research Methodology

3.1          Coverage

3.2          Secondary Research

3.3          Primary Research

4.           Asia Pacific Pharmaceutical Excipients Market – Market Landscape

4.1          Overview

4.2          PEST Analysis

4.2.1          Pharmaceutical Excipients Market- Asia Pacific PEST Analysis

4.3          Expert Opinion

5.           Asia Pacific Pharmaceutical Excipients Market - Key Market Dynamics

5.1          Market Drivers

5.1.1          Surge In Generics Market

5.1.2          Growth of the Pharmaceutical Market Backed By Multi-Functional Excipients

5.2          Market Restraints

5.2.1          Cost and Time Intensive Drug Development Process

5.3          Market Opportunities

5.3.1          Shifting Focus of Pharmaceutical Manufacturing Companies to Emerging Countries

5.4          Future Trends

5.4.1          Rising Demand and Emphasis on Co-Processed Excipients

5.4.2          Improving Excipient Capabilities due to Nanotechnology

5.5          Impact Analysis

6.           Pharmaceutical Excipients Market – Asia Pacific Analysis

6.1          Asia Pacific Pharmaceutical Excipients Market Revenue Forecasts and Analysis

7.           Asia Pacific Pharmaceutical Excipients Market Analysis and Forecasts To 2027 – By Product

7.1          Overview

7.2          Pharmaceutical Excipients Market Share, by Product, 2019 and 2027 (%)

7.3          Organic Chemicals

7.3.1          Overview

7.3.2          Organic Chemicals: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

7.4          Inorganic Chemicals

7.4.1          Overview

7.4.2          Inorganic Chemicals: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

7.5          Other Products

7.5.1          Overview

7.5.2          Other Products: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.           Asia Pacific Pharmaceutical Excipients Market Analysis and Forecasts To 2027 – By Functionality

8.1          Overview

8.2          Pharmaceutical Excipients Market Share, by Functionality, 2019 and 2027 (%)

8.3          Fillers And Diluents

8.3.1          Overview

8.3.2          Fillers and Diluents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.4          Suspending And Viscosity Agents

8.4.1          Overview

8.4.2          Suspending and Viscosity Agents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.5          Coating Agents

8.5.1          Overview

8.5.2          Coating Agents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.6          Binders

8.6.1          Overview

8.6.2          Binders: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.7          Preservatives

8.7.1          Overview

8.7.2          Preservatives: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.8          Emulsifying Agents

8.8.1          Overview

8.8.2          Emulsifying Agents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

8.9          Other Functionalities

8.9.1          Overview

8.9.2          Other Functionalities: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

9.           Asia Pacific Pharmaceutical Excipients Market Analysis and Forecasts to 2027– By Type of Formulation

9.1          Overview

9.2          Pharmaceutical Excipients Market Share, by Type of Formulation, 2019 and 2027 (%)

9.3          Oral Formulations

9.3.1          Overview

9.3.2          Oral Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

9.4          Topical Formulations

9.4.1          Overview

9.4.2          Topical Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

9.5          Parenteral Formulations

9.5.1          Overview

9.5.2          Parenteral Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

9.6          Other Formulations

9.6.1          Overview

9.6.2          Other Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

10.        Pharmaceutical Excipients Market Revenue and Forecasts to 2027 – Geographical Analysis

10.1        Asia Pacific: Pharmaceutical Excipients Market

10.1.1        Overview

10.1.2        Asia Pacific: Pharmaceutical Excipients Market, by Country, 2019 & 2027 (%)

10.1.3        China: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.3.1          China: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.3.2          China: Pharmaceutical Excipients Market, by Product, 2018–2027 (USD Million)

10.1.3.3          China: Pharmaceutical Excipients Market, by Functionality, 2018–2027 (USD Million)

10.1.3.4          China: Pharmaceutical Excipients Market, by Type of Formulation, 2018–2027 (USD million)

10.1.4        Japan: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.4.1          Japan: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.4.2          Japan: Pharmaceutical Excipients Market, by Product, 2018–2027 (USD Million)

10.1.4.3          Japan: Pharmaceutical Excipients Market, by Functionality, 2018–2027 (USD Million)

10.1.4.4          Japan: Pharmaceutical Excipients Market, by Type of Formulation, 2018–2027 (USD million)

10.1.5        India: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.5.1          India: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.5.2          India: Pharmaceutical Excipients Market, by Product, 2018–2027 (USD Million)

10.1.5.3          India: Pharmaceutical Excipients Market, by Functionality, 2018–2027 (USD Million)

10.1.5.4          India: Pharmaceutical Excipients Market, by Type of Formulation, 2018–2027 (USD million)

10.1.6        South Korea: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.1          South Korea: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.6.2          South Korea: Pharmaceutical Excipients Market, by Product, 2018–2027 (USD Million)

10.1.6.3          South Korea: Pharmaceutical Excipients Market, by Functionality, 2018–2027 (USD Million)

10.1.6.4          South Korea: Pharmaceutical Excipients Market, by Type of Formulation, 2018–2027 (USD million)

10.1.7        Australia: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.7.1          Australia: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

10.1.7.2          Australia: Pharmaceutical Excipients Market, by Product, 2018–2027 (USD Million)

10.1.7.3          Australia: Pharmaceutical Excipients Market, by Functionality, 2018–2027 (USD Million)

10.1.7.4          Australia: Pharmaceutical Excipients Market, by Type of Formulation, 2018–2027 (USD million)

11.        Impact Of COVID-19 Pandemic on Asia Pacific Pharmaceutical Excipients Market

11.1        Asia Pacific: Impact Assessment of COVID-19 Pandemic

12.        Industry Landscape

12.1        Overview

12.2        Growth Strategies Done by the Companies in the Market, (%)

12.3        Organic Developments

12.3.1        Overview

12.4        Inorganic Developments

12.4.1        Overview

13.        COMPANY PROFILES

13.1        DuPont de Nemours, Inc.

13.1.1        Key Facts

13.1.2        Business Description

13.1.3        Products and Services

13.1.4        Financial Overview

13.1.5        SWOT Analysis

13.1.6        Key Developments

13.2        Roquette Frères

13.2.1        Key Facts

13.2.2        Business Description

13.2.3        Products and Services

13.2.4        Financial Overview

13.2.5        SWOT Analysis

13.2.6        Key Developments

13.3        Ashland Global Holdings Inc.

13.3.1        Key Facts

13.3.2        Business Description

13.3.3        Products and Services

13.3.4        Financial Overview

13.3.5        SWOT Analysis

13.3.6        Key Developments

13.4        BASF SE

13.4.1        Key Facts

13.4.2        Business Description

13.4.3        Products and Services

13.4.4        Financial Overview

13.4.5        SWOT Analysis

13.4.6        Key Developments

13.5        Evonik

13.5.1        Key Facts

13.5.2        Business Description

13.5.3        Products and Services

13.5.4        Financial Overview

13.5.5        SWOT Analysis

13.5.6        Key Developments

13.6        Associated British Foods plc

13.6.1        Key Facts

13.6.2        Business Description

13.6.3        Products and Services

13.6.4        Financial Overview

13.6.5        SWOT Analysis

13.6.6        Key Developments

13.7        Archer Daniels Midland Company

13.7.1        Key Facts

13.7.2        Business Description

13.7.3        Products and Services

13.7.4        Financial Overview

13.7.5        SWOT Analysis

13.7.6        Key Developments

13.8        Lubrizol Corporation

13.8.1        Key Facts

13.8.2        Business Description

13.8.3        Products and Services

13.8.4        Financial Overview

13.8.5        SWOT Analysis

13.8.6        Key Developments

13.9        DFE Pharma

13.9.1        Key Facts

13.9.2        Business Description

13.9.3        Products and Services

13.9.4        Financial Overview

13.9.5        SWOT Analysis

13.9.6        Key Developments

13.10     Croda International plc

13.10.1      Key Facts

13.10.2      Business Description

13.10.3      Products and Services

13.10.4      Financial Overview

13.10.5      SWOT Analysis

13.10.6      Key Developments

14.        Appendix

14.1        About the Insight Partners

14.2        Glossary of Terms

 


 

LIST OF TABLES

Table 1.              China Pharmaceutical Excipients Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 2.              China Pharmaceutical Excipients Market, by Functionality – Revenue and Forecast to 2027 (USD Million)

Table 3.              China Pharmaceutical Excipients Market, by Type of Formulation – Revenue and Forecast to 2027 (USD Million)

Table 4.              Japan Pharmaceutical Excipients Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 5.              Japan Pharmaceutical Excipients Market, by Functionality – Revenue and Forecast to 2027 (USD Million)

Table 6.              Japan Pharmaceutical Excipients Market, by Type of Formulation – Revenue and Forecast to 2027 (USD Million)

Table 7.              India Pharmaceutical Excipients Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 8.              India Pharmaceutical Excipients Market, by Functionality – Revenue and Forecast to 2027 (USD Million)

Table 9.              India Pharmaceutical Excipients Market, by Type of Formulation – Revenue and Forecast to 2027 (USD Million)

Table 10.            South Korea Pharmaceutical Excipients Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 11.            South Korea Pharmaceutical Excipients Market, by Functionality – Revenue and Forecast to 2027 (USD Million)

Table 12.            South Korea Pharmaceutical Excipients Market, by Type of Formulation – Revenue and Forecast to 2027 (USD Million)

Table 13.            Australia Pharmaceutical Excipients Market, by Product – Revenue and Forecast to 2027 (USD Million)

Table 14.            Australia Pharmaceutical Excipients Market, by Functionality – Revenue and Forecast to 2027 (USD Million)

Table 15.            Australia Pharmaceutical Excipients Market, by Type of Formulation – Revenue and Forecast to 2027 (USD Million)

Table 16.            Organic Developments Done By Companies

Table 17.            Inorganic Developments Done By Companies

Table 18.            Glossary of Terms, Pharmaceutical Excipients Market

LIST OF FIGURES

Figure 1.            Pharmaceutical Excipients Market Segmentation

Figure 2.            Asia Pacific Pharmaceutical Excipients Market Overview

Figure 3.            Organic Chemicals Segment Held Largest Share of Product in Pharmaceutical Excipients Market

Figure 4.            Oral Formulations Segment Held Largest Share of Type of Formulation in Pharmaceutical Excipients Market

Figure 5.            India is Expected to Show Remarkable Growth During the Forecast Period

Figure 6.            Pharmaceutical Excipients Market - Asia Pacific PEST Analysis

Figure 7.            Pharmaceutical Excipients Market Impact Analysis of Driver and Restraints

Figure 8.            Asia Pacific Pharmaceutical Excipients Market – Revenue Forecasts and Analysis – 2019- 2027

Figure 9.            Pharmaceutical Excipients Market Share, by Product, 2019 and 2027 (%)

Figure 10.          Organic Chemicals: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 11.          Inorganic Chemicals: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 12.          Other Products: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 13.          Pharmaceutical Excipients Market Share, by Functionality, 2019 and 2027 (%)

Figure 14.          Fillers and Diluents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 15.          Suspending and Viscosity Agents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 16.          Coating Agents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 17.          Binders: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 18.          Preservatives: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 19.          Emulsifying Agents: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 20.          Other Functionalities: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 21.          Pharmaceutical Excipients Market Share, by Type of Formulation, 2019 and 2027 (%)

Figure 22.          Oral Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 23.          Topical Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 24.          Parenteral Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 25.          Other Formulations: Pharmaceutical Excipients Market– Revenue and Forecast to 2027 (USD Million)

Figure 26.          Asia Pacific: Pharmaceutical Excipients Market, by Key Country – Revenue (2019) (USD Million)

Figure 27.          China: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

Figure 28.          Japan: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

Figure 29.          India: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

Figure 30.          South Korea: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

Figure 31.          Australia: Pharmaceutical Excipients Market – Revenue and Forecast to 2027 (USD Million)

Figure 32.          Impact of COVID-19 Pandemic in Asia Pacific Country Markets

Figure 33.          Growth Strategies Done by the Companies in the Market, (%)

 

 

  1. DuPont de Nemours, Inc.
  2. Roquette Frères
  3. Ashland Global Holdings, Inc.
  4. BASF SE
  5. Evonik Industries AG
  6. Associated British Foods Plc
  7. Archer Daniels Midland Company
  8. Lubrizol Corporation
  9. Croda International Plc
  10. DFE Pharma

 

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