Binder excipients act as an adhesive to hold or bind granules, powders and other dry ingredients so as to impart necessary mechanical strength to pharmaceutical products. These excipients enable agglomeration of the powder into granules in the process known as granulation and also affect their properties, such as compaction, drug release, flow, solubility and strength. Binder excipients are used during drug or medicine formulations to improve disintegration, bulkiness, bioavailability and dissolution rate of the drug. In addition to this, the excipients play a vital role in bringing additional value to the pharmaceutical products by improving their properties such as absorption and controlled release of the active ingredients. According to the latest report by IMARC Group, titled “Binder Excipients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global binder excipients market reached a value of US$ 1.2 Billion in 2018.
The growing demand for various pharmaceutical products on account of ageing population and rising cases of chronic diseases acts as the major factor driving the binder excipients market worldwide. The recent patent expiries of a number of drugs is further projected to provide a positive thrust to the demand for binder excipients in generic drug manufacturing. Some of the other factors facilitating the market growth are advancements in nanotechnology, emergence of new excipients and rising demand for functionality excipients. Looking forward, the market value is projected to reach a value of US$ 1.7 Billion by 2024, expanding at a CAGR of 5.3% during 2019-2024.
Market Summary:
Breakup by Type:
- Cellulosics
- Lactose
- Polyols
- Povidones
- Starch and Polysaccharides
- Co-Processed Compressible Excipients
- Others
Based on type, cellulosic excipients are the most popular product type, holding the majority of the total global market. Other major product types are lactose, polyols, povidones, starch and polysaccharides, and co-processed compressible excipients.
Breakup by Application:
- Tablets and Capsules
- Solution Based
On the basis of application, the market has been segmented as tablets and capsules and solution based. Amongst these, tablets and capsules represent the largest segment of the global binder excipients market.
Regional Insight:
- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
Region-wise, North America is the leading market, accounting for the majority of the total global market. It is followed by Asia Pacific and Europe. Other major regions include the Middle East and Africa, and Latin America.
Competitive Landscape:
The competitive landscape of the global binder excipients market has also been examined with some of the key players being Colorcon, Croda International, EMD Millipore, Dow Chemical, FMC BioPolymer, Fuji Chemical Industry and Ingredion.
This report provides a deep insight into the global binder excipients market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the binder excipients market in any manner.
Key Questions Answered in This Report:
- How has the global binder excipients market performed so far and how will it perform in the coming years?
- What are the key regions in the global binder excipients market?
- Which are the popular product types in the global binder excipients market?
- What are the key application segments in the global binder excipients market?
- What are the various stages in the value chain of the global binder excipients market?
- What are the key driving factors and challenges in the global binder excipients market?
- What is the structure of the global binder excipients market and who are the key players?
- What is the degree of competition in the global binder excipients market?
- How are binder excipients manufactured?
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 Market Breakup by Product Type
5.4 Market Breakup by Application
5.5 Market Breakup by Region
5.6 Market Forecast
5.7 SWOT Analysis
5.7.1 Overview
5.7.2 Strengths
5.7.3 Weaknesses
5.7.4 Opportunities
5.7.5 Threats
5.8 Value Chain Analysis
5.8.1 Overview
5.8.2 Research and Development
5.8.3 Raw Material Procurement
5.8.4 Manufacturing
5.8.5 Distribution
5.8.6 Export
5.8.7 End-Use
5.9 Porters Five Forces Analysis
5.9.1 Overview
5.9.2 Bargaining Power of Buyers
5.9.3 Bargaining Power of Suppliers
5.9.4 Degree of Competition
5.9.5 Threat of New Entrants
5.9.6 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$), 2011-2018
Figure 3: Global: Binder Excipients Market: Breakup by Product Type (in %), 2018
Figure 4: Global: Binder Excipients Market: Breakup by Application (in %), 2018
Figure 5: Global: Binder Excipients Market: Breakup by Region (in %), 2018
Figure 6: Global: Binder Excipients Market Forecast: Sales Value (in Billion US$), 2019-2024
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$), 2011 & 2018
Figure 11: Global: Binder Excipients Market Forecast (Cellulosics): Sales Value (in Million US$), 2019-2024
Figure 12: Global: Binder Excipients Market (Lactose): Sales Value (in Million US$), 2011 & 2018
Figure 13: Global: Binder Excipients Market Forecast (Lactose): Sales Value (in Million US$), 2019-2024
Figure 14: Global: Binder Excipients Market (Polyols): Sales Value (in Million US$), 2011 & 2018
Figure 15: Global: Binder Excipients Market Forecast (Polyols): Sales Value (in Million US$), 2019-2024
Figure 16: Global: Binder Excipients Market (Povidones): Sales Value (in Million US$), 2011 & 2018
Figure 17: Global: Binder Excipients Market Forecast (Povidones): Sales Value (in Million US$), 2019-2024
Figure 18: Global: Binder Excipients Market (Starch and Polysaccharides): Sales Value (in Million US$), 2011 & 2018
Figure 19: Global: Binder Excipients Market Forecast (Starch and Polysaccharides): Sales Value (in Million US$), 2019-2024
Figure 20: Global: Binder Excipients Market (Co-Processed Compressible Excipients): Sales Value (in Million US$), 2011 & 2018
Figure 21: Global: Binder Excipients Market Forecast (Co-Processed Compressible Excipients): Sales Value (in Million US$), 2019-2024
Figure 22: Global: Binder Excipients Market (Other Types): Sales Value (in Million US$), 2011 & 2018
Figure 23: Global: Binder Excipients Market Forecast (Other Types): Sales Value (in Million US$), 2019-2024
Figure 24: Global: Binder Excipients Market (Tablets and Capsules): Sales Value (in Million US$), 2011 & 2018
Figure 25: Global: Binder Excipients Market Forecast (Tablets and Capsules): Sales Value (in Million US$), 2019-2024
Figure 26: Global: Binder Excipients Market (Solution Based): Sales Value (in Million US$), 2011 & 2018
Figure 27: Global: Binder Excipients Market Forecast (Solution Based): Sales Value (in Million US$), 2019-2024
Figure 28: North America: Binder Excipients Market: Sales Value (in Million US$), 2011 & 2018
Figure 29: North America: Binder Excipients Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 30: Asia Pacific: Binder Excipients Market: Sales Value (in Million US$), 2011 & 2018
Figure 31: Asia Pacific: Binder Excipients Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 32: Europe: Binder Excipients Market: Sales Value (in Million US$), 2011 & 2018
Figure 33: Europe: Binder Excipients Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 34: Middle East and Africa: Binder Excipients Market: Sales Value (in Million US$), 2011 & 2018
Figure 35: Middle East and Africa: Binder Excipients Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 36: Latin America: Binder Excipients Market: Sales Value (in Million US$), 2011 & 2018
Figure 37: Latin America: Binder Excipients Market Forecast: Sales Value (in Million US$), 2019-2024
Figure 38: Binder Excipients Manufacturing: Detailed Process Flow
List of Tables
Table 1: Global: Binder Excipients Market: Key Industry Highlights, 2018 and 2024
Table 2: Global: Binder Excipients Market Forecast: Breakup by Product Type (in Million US$), 2019-2024
Table 3: Global: Binder Excipients Market Forecast: Breakup by Application (in Million US$), 2019-2024
Table 4: Global: Binder Excipients Market Forecast: Breakup by Region (in Million US$), 2019-2024
Table 5: Binder Excipients Manufacturing: Raw Material Requirements
Table 6: Global: Binder Excipients Market: Competitive Structure
Table 7: Global: Binder Excipients Market: Key Players