Global Excipients Market Will Reach USD 7,586.6 Million in 2018: Transparency Market Research

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Albany NY (April 4, 2013) (CULRAV.ORG) -

According to a new market report published by Transparency Market Research “Excipients Market – Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 – 2018,” the global excipients demand was worth USD 5,260.0 million in 2011 and is expected to reach USD 7,586.6 million in 2018, growing at a CAGR of 5.4% from 2013 to 2018. Currently, Europe dominates the global market in terms of demand; however Asia Pacific is expected to be the most promising market in the near future mainly due to the availability of low cost products and cheap labor. The North America market for excipients in terms of revenue is growing at a CAGR of 5.3% from 2013 to 2018 as the U.S. has the biggest pharmaceutical market globally.
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The demand for excipients is witnessing significant growth as it is considered as the functional additive in the pharmaceutical industry. Some of the factors driving the growth of the excipients market include increasing demand for novel excipients and growth in the global pharmaceuticals market. However, the market is being restrained due to the high cost of manufacturing, supply chain issues, and declining R&D investment.Transparency Market Research
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In terms of products, the market is dominated by sugar and other applications which are primarily driven by its uses as fillers, diluents and tablet coating agents. The market for sugar and other products in terms of volumes is expected to grow at a CAGR of 5.1% from 2013 to 2018. Following sugar and other products, the market for alcohol and gelatin are also growing significantly.
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In respect to excipients market by type, pregelatinized starch is expected to grow with the highest CAGR of 6.2% from 2013 to 2018 in terms of revenue and in terms of volumes the market for glycerin is growing with the highest CAGR of 6.4% from 2013 to 2018. The growth of gelatins is driven by its growing use in manufacturing drug capsules.
Some of the major players of the market include BASF, DOW, ADM, ABF, FMC, Evonik, Cargill, Proctor and Gamble and Akzonobel.
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This research is specially designed to estimate and analyze the demand and performance of excipients in a global scenario. The research provides in-depth analysis of excipients manufacturers, product sales, and trend analysis by segments and demand by geography. The report covers all the major product segments of the excipients market and provides in-depth analysis, historical data and statistically refined forecast for the segments covered.
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Related Report: 
Automotive Plastics Market By Product (ABS, PP, PU, PVC, PE, PC, PMMA, PA), By Application (Power Trains, Under the Hood, Electrical Components, Chassis, Furnishing), Bio-based Opportunity (PLA, PHA, PCL, PBS) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 – 2018

This report by Transparency Market Research analyzes the automotive plastics market from a global perspective and endeavors to portray a detailed and comprehensive collection of data and its analysis on the basis of various market parameters. The report also strives to compile together a macro-view of the complete demand and supply characteristics of automotive plastics by providing historical data from 2009 and a forecast of market segmentation until 2018 along with detailed analyses of revenues and volumes.

Plastics find major applications in electrical components and interior and exterior furnishings of automobiles. The majority of the application market for automotive plastics is under the purview of these two application segments accounting for almost 70% of the total consumption. Plastics are also used in other parts in automobiles such as power trains, under the hood and chassis. The market for these applications is expected to show growth over the forecast period.
Polypropylene (PP) has been the most widely used plastic in automobiles in recent years and is expected to hold sway for the entirety of the forecast period till 2018. Polyurethane (PU), acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC) and polyethylene (PE) are the other major plastic materials that have been in great demand in automobile manufacturing. Polycarbonate (PC), polymethyl methacrylate (PMMA), polyamides (PA) such as nylons and other plastics including polyoxymethylene (POM) and polyethylene terephthalate (PET) are also in great demand in various automotive applications.
Biodegradable plastics are a more environment friendly option to plastics sourced from crude oil and derivatives. After a certain time period these plastics begin their degradation process and are easy to dispose without causing adverse effects on the environment. Starch based and polylactic acid (PLA) based biodegradable plastics have been the most common materials used in the automotive industry. Newer biodegradable plastics such as PHA, PCL and PBS are being used in small quantities for automotive applications. Biodegradable plastics have been analyzed separately as a potential opportunity, the estimates for these plastics have not been included in the overall market estimate and have been provided separately.
Traditionally, although North America and Europe have been the biggest markets for plastics in automobiles, Asia Pacific has been the largest consumer of automotive plastics in recent years. This can be attributed to the tremendous growth in the automotive industry in the region and the huge and apparent never-ending demand for automobiles in many economies of Asia Pacific. Europe has been the second largest market for automotive plastics followed by North America and Rest of the World (RoW).

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Nitin Sirsat
Transparency Market Research (TMR) is a market intelligence company providing global business research reports and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers. Author: Nitin @ Nitin

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