FMC Corp., BASF SE, and Ashland Inc., the three top
names in the Latin America excipients market for 2015, collectively
held a share of 26.2% in the market’s total value for the year,
according to market intelligence firm Transparency Market Research.
The prominent entities in the Latin America excipients market are
expected to pay more attention to factors such as a global program
restructuring, centralizing their supply chains and consequently
reinstate their position in the market, competitively speaking. Some
of the leading players in the Latin America excipients market are
also focusing on research and development to achieve a result-driven
progress in the market, in order to boost their current business
profile.
Browse Market Research Report @
As revealed in a research publication by TMR, the
Latin America excipients market is expected to witness a surge in
demand for excipients from the region’s overall pharmaceutical
industry. The Latin America excipients market was expected to reach
US$626.9 mn by the end of 2023, in terms of demand scale and total
opportunities volume, after expanding at an extremely promising CAGR
of 19.33% within a forecast period from 2015 to 2023. The market was
valued at US$403.83 mn at the end of 2016.
Booming LATAM Pharma Business Pushes Demand for
Excipients
“One of the primary factors promoting the growth of
the Latin America excipients market now, and over the coming years,
is the massive demand for excipients shown by the region’s
pharmaceutical industry. Excipients are a high value commodity for
the pharmaceutical industry as they are used as flavoring agents,
tablet and capsule disintegrants, binders, as well as other common
drug types. The Latin America pharmaceutical industry is expected to
expand at a very high rate over the coming years, which is the lead
reason to believe in the optimistic growth rate shown by the Latin
America excipients market,” states a TMR analyst. There are
expected to be plenty of opportunities for excipients manufacturers
in this region.
The report also shows that the segment of solid oral
drugs is expected to rise in production rates and demand over the
coming years. This segment is therefore considered to be a high value
application segment in the Latin America excipients market over the
coming years.
Raw Material Costs Still a Problem for Multiple
Drug Makers
The Latin America excipients market is currently
battling the major issue of high raw material prices in the region.
Their cost is high enough to completely deter most of the smaller
manufacturers in the market, thereby restricting the overall growth
rate of the Latin America excipients market. Corn, starch, and maize
are the core ingredients of organic excipients, and all three already
hold high priority and massive demands from the industries of food
and beverage and renewable energy. The energy sector is looking to
these raw materials to create sustainable energy sources, thereby
creating a shorter resource pool for end users of the Latin America
excipients market to pick one.
Fill the form for an exclusive sample of this
report @
The information presented in this review is based on
a Transparency Market Research report, titled, “Excipients Market
(Products – Polymers, Alcohol, Minerals, Gelatin, and Sugars;
Administration Route – Oral, Topical, and Parenteral; and Functions
- Fillers & Diluents, Disintegrants, Binders & Adhesives,
Lubricants & Glidants, Flavors & Sweeteners, Viscosity
Agents, Film Coating, and Controlled Release) - Latin America
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 -
2023.”
Key segments of the Latin America Excipients
Market
Excipients Market - Product Segment Analysis
Polymers
- MCC
- HPMC
- Ethyl cellulose
- Methyl cellulose
- CMC
- CroscarmelloseSodium
- Povidone(binders)
- Crosspovidone(disintegrants)
- Pregelatinized starch
- Sodium starch glycolate
- Polyethylene glycol
- Acrylic polymers
- Others
Alcohol
- Glycerin
- Propylene glycol
- Sorbitol
- Mannitol
- Others
Minerals
- Calcium phosphate
- Calcium carbonate
- Clay
- Silicon dioxide
- Titanium dioxide
- Others
About
Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
No comments:
Post a Comment