Binder Excipients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Binder Excipients Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global binder excipients market size reached US$ 1.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

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 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.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global binder excipients market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and application.

Breakup by Product 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. Other major regions include the Asia Pacific, Europe, 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
1. What was the size of the global binder excipients market in 2022?
2. What is the expected growth rate of the global binder excipients market during 2023-2028?
3. What are the key factors driving the global binder excipients market?
4. What has been the impact of COVID-19 on the global binder excipients market?
5. What is the breakup of the global binder excipients market based on the product type?
6. What is the breakup of the global binder excipients market based on the application?
7. What are the key regions in the global binder excipients market?
8. Who are the key players/companies in the global binder excipients market?