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US excipients market to rise to $2B by 2018, study finds

By Zachary Brennan , 31-Mar-2014
Last updated on 31-Mar-2014 at 15:34 GMT

US excipients market to rise to $2B by 2018, study finds

The rapid growth of the US excipients market is going to be driven mostly by rises in polymers, gelatins and sugar alcohols, according to a new study.

Overall, the demand for excipients in the US is projected to rise 4.3% per year to $2bn (€1.45bn) in 2018, volume is also expected to grow by about 2%, according to a new study from the Freedonia Group. 

In dollar terms, we are expecting gelatin to have the fastest growth,” Freedonia analyst Emily Park told In-Pharmatechnologist.com. “In pounds, [sugar] alcohols are expected to have the fastest growth, boosted by their use in parenteral formulations. 

“The fastest growing alcohol will be mannitol, although from a low base.  I should point out that no product category (in dollars or pounds) is really significantly faster than the others.”

Excipients in oral formulations, such as tablets and capsules, are also expected to see strong growth as shipments of oral preparations are expected to accelerate, according to the Cleveland-based industry market research firm.

As far as oral formulations, I didn’t do a specific number for this category.  However, several of the applications are pretty much only used in oral tablets and capsules.  Fillers are predominantly for oral products, and the binders, coatings, and capsules applications are pretty much exclusively for tablets and capsules,” Park told us. 

So if we look at those applications only, we could say that oral solid dose excipients are expected to grow at an above-average pace (in dollars).”

The breakdown of excipients is as follows:

                                                                                                                                               

US EXCIPIENT DEMAND

(million dollars)

 

% Annual Growth

Item     

2008

2013

2018

2008-

2013

2013-

2018

 

 

 

 

 

 

Excipient Demand

1405

1620

2000

2.9

4.3

Polymers

596

708

890

3.5

4.7

Alcohols

303

331

400

1.8

3.9

Minerals

123

140

170

2.6

4.0

Gelatin

95

111

140

3.2

4.8

Sugars

38

43

50

2.5

3.1

Other

250

287

350

2.8

4.0

 

 

 

 

 

 

 

Product versatility will be a key factor impacting product mix in excipient demand moving forward, according to the study, especially as specialty excipient blends play an increasingly important role in pharmaceutical formulation. 

Polymers - including cellulose derivatives, povidone, starch, polyethylene glycol, acrylic polymers, and natural gums - are expected to especially benefit from this trend as many of these products can function in multiple applications and are easily formulated with other excipients.  The favorable characteristics of polymers may serve to offset the higher prices associated with some polymers, according to Freedonia.

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