DUBLIN--(BUSINESS WIRE)--The "Binder Excipients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The market value is projected to exceed US$ 1.59 Billion by 2023, expanding at a CAGR of 5.5% during 2018-2023.
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. The global binder excipients market reached a value of US$ 1.15 Billion in 2017.
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.
- Croda International
- EMD Millipore
- Dow Chemical
- FMC BioPolymer
- Fuji Chemical Industry
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Binder Excipients Market
6 Market Breakup by Product Type
7 Market Breakup by Application
8 Market Breakup by Region
9 Binder Excipients Manufacturing Process
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/g7v96b/global_binder?w=4