Global Sustained Release Excipients Market to Reach $2.1 Billion by 2030
The global market for Sustained Release Excipients estimated at US$1.4 Billion in the year 2023, is expected to reach US$2.1 Billion by 2030, growing at a CAGR of 6% over the analysis period 2023-2030. Polymers, one of the segments analyzed in the report, is expected to record a 6.6% CAGR and reach US$1.1 Billion by the end of the analysis period. Growth in the Sugars segment is estimated at 5.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $433.7 Million, While China is Forecast to Grow at 5.5% CAGR
The Sustained Release Excipients market in the U.S. is estimated at US$433.7 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$370.1 Million by the year 2030 trailing a CAGR of 5.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.7% and 4.6% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.
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