In the report, the pharmaceutical excipients market is segmented on the basis of type, function, formulation, and region. Based on type, the market is categorized into organic chemicals and inorganic chemicals. The organic chemicals category is further classified into oleochemicals, carbohydrates, petrochemicals, and proteins. Whereas, the inorganic chemicals are segregated into calcium phosphates, metal oxides, halite, calcium carbonates, and calcium sulfates.

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Binders are mainly natural or synthetic polymers such as starch, sugar alcohols, and cellulose derivatives that are used to bind tablet ingredients together to give shape and provide mechanical strength. Disintegrants aid dispersion of the tablets in the gastrointestinal tract, releasing the active ingredient along with increasing the surface area for dissolution. Glidants like colloidal anhydrous silicon, are used in reducing the friction and adhesion between particles and improves the flow of powders during tablet manufacturing. Colorants are mainly synthetic dyes used to improve patient acceptability, aid identification, and prevent counterfeiting.

Pharmaceutical excipients are natural or synthetic inactive substances that are used alongside the active pharmaceutical ingredient (API) of a drug. These substances perform their functions without altering or modifying the therapeutic action of the active pharmaceutical ingredient. Pharmaceutical excipients are used to offer ease of administration of drug by intended route, improve dosing compliance, ensure consistency and control of drug bioavailability, improve active pharmaceutical ingredient stability, and ensure robust and reproducible physical product.

The oleochemicals include fatty alcohols, mineral stearates, and glycerin. The carbohydrates are further divided into sugars, cellulose, and starch. The sugars category comprises of actual sugars and sugar alcohols. The actual sugars include lactose, sucrose, and dextrose. Moreover, the sugar alcohols are bifurcated into sorbitol and mannitol. The cellulose category is further classified into microcrystalline cellulose, cellulose ethers, croscarmellose sodium, and cellulose esters. In addition, the starch category comprises modified starch, dried starch, and converted starch. The petrochemicals include glycols, povidones, mineral hydrocarbons, and acrylic polymers. The glycols category constitutes polyethylene glycol and propylene glycol. The mineral hydrocarbons are further sub-divided into petroleum jelly, mineral waxes, and mineral oils.

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The key trend witnessed in the global pharmaceutical excipients market is the advancement in the field of nanotechnology and its integration to the product chemistry of pharmaceutical excipients. This integration of nanocoating to drugs is likely to offer a plethora of advantages, including lower amount of lubricant requirement, improvement in film properties, and improve targeted dose delivery in hosts.

Some of the major companies operating in the global pharmaceutical excipients market are Archer Daniels Midland Company, Ashland, BASF SE, Associated British Foods plc, Dow Chemical Company, Croda International plc, FMC Corporation, Evonik Industries AG, The Lubrizol Corporation, and ROQUETTE.

The study provides the historical as well the forecast market size data for various countries, including the U.S., Canada, France, Germany, the U.K., Italy, Spain, Japan, China, India, Brazil, Saudi Arabia, and South Africa.