Binder Excipients Market Share, Size, Trends, Forecast and Analysis of Key players 2028
According to IMARC Group latest research report, the global binder excipients market size reached US$ 1.4 Billion in 2022. Looking forward, the market expected to reach US$ 1.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Binder excipients represent formulated substances that act as adhesives to bind granules, powders, and other dry ingredients for providing the necessary mechanical strength to pharmaceutical products. They are of various types, including cellulosic, lactose, polyols, povidones, starch and polysaccharide, co-processed compressible excipients, etc. These binder excipients enable the agglomeration of the powder into granules and impact their properties, such as compaction, flow, solubility, drug release, and strength. They are employed during drug or medicine formulations to improve the disintegration, bulkiness, dissolution rate, and bioavailability of the drugs.
Binder excipients even perform a crucial role in bringing additional value to pharmaceutical products by enhancing their properties, which include absorption and controlled release of the active ingredients. Consequently, they find extensive applications in pharmaceutical and nutraceutical companies across countries.
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Binder Excipients Market Trends:
The expanding geriatric population and the escalating demand for pharmaceutical products to treat several lifestyle and chronic diseases are primarily driving the binder excipients market. In addition to this, the rising number of clinical trials across the globe is further stimulating market growth. Apart from this, the inflating number of patent expiries of numerous drugs is acting as another significant growth-inducing factor. Moreover, the development of nanotechnology and the elevating requirement for functionality excipients are also positively influencing the global market.
Besides this, the increasing product usage by leading pharmaceutical companies to ensure the efficacy and stability of multiple novel drugs and vaccines and the growing need for multifunctional excipients to enhance the drug manufacturing process and improve the compressibility, flowability, and particle size distribution are expected to augment the binder excipients market in the coming years.
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The report cover the below key market segments:
Breakup by Product Type:
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- Cellulosics
- Lactose
- Polyols
- Povidones
- Starch and Polysaccharides
- Co-Processed Compressible Excipients
- Others
Breakup by Application:
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- Tablets and Capsules
- Solution Based
Regional Insight:
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- North America
- Asia Pacific
- Europe
- Middle East and Africa
- Latin America
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