Monday 14 September 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Binders Excipients Market: Ashland, BASF, Colorcon, Croda International and EMD Millipore
Other prominent vendors in the market are: Dow Chemical, FMC BioPolymer, Fuji Chemical Industry and Ingredion
Commenting on the report, an analyst said: “Wet granulation techniques are widely followed process for manufacturing tablets owing to the easy availability of the equipment required for the process, direct compression technique of tablet manufacturing is gaining popularity. This shift to direct compression technique will be due to the price constraints associated with wet granulation process. Direct compression technique employs binder excipients extensively, which is expected to propel the market growth.”
According to the report, the growth of the market depends on the increasing aging population in developing countries like China and India. The oral route is the most preferred route of drug administration in the elderly. Tablets, capsules, and solvents can be easily administered and handled. Therefore, the demand for orally administered drugs from the aging population will increase the consumption of binder excipients, thereby boosting market growth.
Further, the report states that high costs are involved in manufacturing different binder excipients, making new players hesitant to enter the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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