Pharmaceutical Excipient Market Forecast by Artificial and Organic Products for 2024 to 2034
Excipients Playing more of an Active Role in Medicines is Hyping up the Market. An In-depth Look at the Pharmaceutical Excipient Market with a Special Focus on the United States, Germany, Japan, China, and Italy
Pharmaceutical Excipient Market Outlook for 2024 to 2034
FMI’s comprehensive reports on the pharmaceutical sector now see the addition of an updated study on the pharmaceutical excipient market. According to updated research, the market is set to hold a valuation of US$ 972.9 million in 2024. Thereafter, the market’s progress over the coming decade is suggested to be solid, with a CAGR of 5.1%. As such, the market’s value by 2034 is marked to jump to US$ 1,600.0 million.
Consumption Analysis of the Pharmaceutical Excipient Market
Governments putting more focus on expanding the reach of the healthcare sector, reaching far and wide into remote and rural areas, is beneficial for the market. As pharmaceutical sales rise, the dependence on excipients increases and vendors benefit.
While the traditional function of excipients is akin to playing a supporting role, modern applications are seeing them play more of an important role. Whether through modifying the taste or enhancing the effect of the main ingredient, excipients are now in the limelight.
Emulsifiers, binders, gelling agents, and other such ingredients that play a perhaps unsung role in formulations are receiving increased attention. A key purpose of excipients is to hold the medicine together, and thus, the product is riding the wave of popularity of such ingredients.
Studies have shown that colors play a part in patients' perception of medicines. As manufacturers become more aware of the effect of color on patients, they resort to excipients to influence patient perception.
Innovations in nanotechnology are enhancing the functionality of excipients and lending them more importance in the pharmaceutical sector.
Attributes
Details
Market Value for 2024
US$ 972.9 million
Market Value for 2034
US$ 1,600.0 million
Value-based CAGR of Market for 2024 to 2034
5.1%
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Trends in the Pharmaceutical Excipient Market
To overcome the traditional bitterness of medicines, excipients are being used to mask the taste. Thus, pharmaceutical excipients are especially seeing more applications in children’s medicine.
Development of new drugs with the help of biologics is bolstering the market.
Faster approvals and increased funding for orphan drugs are proving to be beneficial to the demand for excipients in the pharmaceutical industry.
With increasing research regarding cancer and treatments, including cell therapy, there is greater demand for these excipients.
Constant development of novel excipients keeps the demand for the product fresh and enhances the reputation of the market.
Challenges in the Pharmaceutical Excipient Market
Regulatory challenges and waiting for approval are two of the challenges that cut into the demand for the product. This problem is especially faced regarding novel excipients.
While excipients playing a more active role in medicines is considered a plus for the market, there is also a downside. Patient hesitation about the potential negative impact of excipients is a hurdle in the path of the market.
Find your sweet spots for generating winning opportunities in this market.
Comparative View of Adjacent Markets
Apart from the pharmaceutical excipient market, analysis has been done on two other related markets. The markets by name are the nutraceutical excipient market and the sugar-based excipient market.
Increased awareness about nutraceuticals is lending more importance to nutraceutical excipients. The role of excipients in adding flavor to products is to ensure that the demand for sugar-based excipients continues to rise.
Pharmaceutical Excipient Market:
Attributes
Pharmaceutical Excipient Market
Value-based CAGR (2024 to 2034)
5.1%
Projected Market Value (2034)
US$ 1,600.0 million
Market Trends
Use of excipients to mask the bitter taste of medicines
Novel excipients are given added importance in the healthcare sector
Restraint
Regulatory challenges
Growth Factors
Expansion of the pharmaceutical industry
Excipients’ functionality is increasing
Nutraceutical Excipient Market:
Attributes
Nutraceutical Excipient Market
Value-based CAGR (2024 to 2034)
6.4%
Projected Market Value (2034)
US$ 4,958.7 million
Market Trend
Improvement in production processes like spray drying and freeze drying
Restraint
Lack of awareness about nutraceuticals extending to excipients
Growth Factor
Rise in the geriatric population
Sugar-based Excipient Market:
Attributes
Sugar-based Excipient Market
Value-based CAGR (2024 to 2034)
4.8%
Market Trend
Consumer affinity for low-dose products
Restraint
Facilities for production struggling to get approved by authorities
Growth Factors
Advancements in orally disintegrating tablets (ODTS)
Category-wise Outlook
Artificial excipients maintain the top position in the pharmaceutical excipient industry. Coating is the technique generally used in the formulation of medicines using excipients.
Low-cost Nature of Artificial Excipients Makes them Desired among End Users
For 2024, artificial excipients are expected to account for 34.7% of the market share by type. Some of the key drivers for the developing demand for artificial excipients are:
Even though natural ingredients are receiving the nod of approval in increased measures from patients, the sourcing and development of natural excipients are not cheap. Thus, manufacturers in the pharmaceutical industry prefer using artificial versions of the product.
Artificial excipients can be more easily modulated to achieve the correct color, dosage, etc. in medicines and thus continue to receive the vote of confidence from manufacturers.
Attributes
Details
Top Type
Artificial
Market Share (2024)
34.7%
Coating Technique is Widely Used for Excipients to become a Part of Pharmaceuticals
Coating is anticipated to account for 33.0% of the market share in 2024. Some of the key drivers for the dominance of coating of excipients in pharmaceutical formulations include:
Safety provided by coating tablets from moisture in the air is cherished by both manufacturers and patients.
Presence of cellulose ether hydroxypropyl methylcellulose (HPMC), which is free of sugars and allergens, is a plus point in the use of coating in medicine formulation.
Attributes
Details
Top Technique
Coating
Market Share (2024)
33.0%
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Country-wise Analysis
The immense popularity of biologics and new research in the pharmaceutical field are two of the reasons the market is expanding in Europe. The influence of pharmaceutical giants is also felt in the European market.
Focus on research and development is lending positivity to the market in the Asia Pacific. Focus on novel excipients is encouraging for market growth in North America.
Countries
CAGR from 2024 to 2034
United States
5.3%
Germany
5.4%
China
5.6%
Japan
5.3%
Italy
5.2%
Popularity of Functional Excipients Key to Growth of the Market in the United States
The market is set to register a CAGR of 5.3% in the United States during the forecast period. Key drivers for growth are:
Functional excipients are performing a key role in the United States when it comes to medicine. With excipients no longer relegated to being the sideshow, the market is in for sturdy growth over the forecast period in the country.
Launch of novel excipients at a fast rate keeps the market moving in an upward direction in the United States.
Government Encouragement for Pharmaceutical Sector’s Development is Shaping Germany’s Market Growth
The CAGR for the market in Germany is tipped to be 5.4% over the forecast period. Some of the key factors driving the growth are:
Germany’s government is encouraging the fast development of its pharmaceutical sector by seeking to curb frivolous regularity requirements and making the introduction of new excipients a more favorable process.
Both local and foreign medical entities are expanding production facilities in Germany, creating a conducive environment in the country for the market.
China’s Mammoth Production Facilities Facilitate Domestic and International Distribution
The CAGR for the market in China is tipped to be 5.6% over the forecast period. Some of the key factors driving the growth are:
China’s considerable facilities in medicine manufacturing see demand for Chinese excipients increase not only in the country itself but also internationally.
Possessing a gigantic healthcare industry, top 5 in the world in terms of size, there is thus ever-increasing scope for the market.
Fast Approval Processes of Regulatory Bodies Help Market Growth in Japan
The market is expected to register a CAGR of 5.3% in Japan for the forecast period. Some of the key trends include:
Japan’s regulatory bodies are giving approvals to medicines as well as excipients at an increasing rate, thus creating potential for foreign players in the market.
Increased foreign investment in local raw materials for pharmaceutical companies is bolstering the market in Japan.
Italy being at the Forefront of Technology aids in Market Growth in the Country
The market is expected to register a CAGR of 5.2% in Italy over the forecast period. Some of the key trends include:
Italy is renowned for being at the forefront of technology when it comes to the pharmaceutical sector, and thus, novel excipients are finding an easy route towards progress in the country.
Strict regulations, while encouraging cautiousness on the part of manufacturers, also see greater trust being built among end users for excipients in Italy.
Competitive Landscape in the Pharmaceutical Excipient Market
The pharmaceutical excipient industry is highly competitive, with newer entrants looking to distinguish themselves with novel products. On the other hand, established players are looking to expand production facilities to meet production targets.
One of the prominent companies in the market, Ashland Global Holdings, is looking to expand its portfolio with the help of biologics. As the company’s drug delivery focus enhances, even greater attention is being paid to excipients. Croda International, meanwhile, is looking to increase its functional excipients portfolio.
Recent Developments
In October 2023, India-based Clariant Chemicals announced plans to launch three new excipients as part of its VitiPure range.
In September 2023, United States-based Colorocon introduced its titanium dioxide (TiO2)-free Opadry film coating system for tablets to stop moisture from affecting them.
In November 2021, French-based Gattefossé launched three new pharmaceutical excipients, named Labrafac MC60, Gelucire 59/14, and Emulfree Duo.
Key Companies in the Pharmaceutical Excipient Market
Ashland Global Holdings
Croda International
BASF SE
Lubrizol Corporation
Evonik Industries AG
Associated British Foods
Roquette Feres
Archer Daniels Midland Company
DuPont
Avantor Performance Materials, Inc.
The Dow Chemical Company
FMC Corporation
Evonik Industries
Lubrizol Corporation
Roquette
Colorcon, Inc.
Key Coverage in the Pharmaceutical Excipient Industry Report
Pharmaceutical Excipient Market Size, Share, and Sales Analysis
Pharmaceutical Excipient Industry Trends
Excipients in Pharmaceuticals Global Market Report
Active Pharmaceutical Ingredients Market Comparative Analysis
Top Pharmaceutical Excipient Manufacturers
Key Segments
By Type:
Organic Chemicals
Oleochemicals
Fatty Alcohols
Mineral Stearates
Glycerin
Other Oleochemicals
Carbohydrates
Sugars
Actual Sugars
Sugar Alcohols
Artificial Sweeteners
Cellulose
Microcrystalline cellulose
Cellulose ethers
Carboxymethyl cellulose (CMC) and croscarmellose sodium
Cellulose esters
Starch
Modified Starch
Dried Starch
Converted Starch
Petrochemicals
Glycols
Povidones
Mineral Hydrocarbons
Acrylic Polymers
Other Petrochemical Excipients
Proteins
Other Organic Chemicals
Artificial
Calcium Phosphate
Metal Oxides
Halites
Calcium Carbonate
Calcium Sulphate
Other Artificial Chemicals
Other Chemicals
By Technique:
Fillers & Diluents
Suspending & Viscosity
Coating
Binders
Flavoring & Sweeteners
Disintegrants
Colorants
Lubricants & Glidants
Preservatives
Emulsifying
By Formulation:
Oral Formulations
Tablets
Capsules
Hard-gelatin Capsules
Soft-gelatin Capsules
Liquid Formulations
Other Oral Formulations
Topical Formulations
Parenteral Formulations
Other Formulations
By Application:
Taste Masking
Stabilizers
Modified-Release
Solubility & Bioavailability Enhancement
Others
By Region:
North America
Latin America
Europe
South Asia
East Asia
Oceania
Middle East and Africa (MEA)
Frequently Asked Questions
How Big is the Pharmaceutical Excipient Market?
The market size is expected to be worth US$ 972.9 million in 2024.
How Big Will the Pharmaceutical Excipient Market Be by 2034?
The market is estimated to get as big as US$ 1,600.0 million by 2034.
How will the Pharmaceutical Excipient Market Progress in the United States?
The CAGR of the market in the United States is estimated to be 5.3% from 2024 to 2034.
What are the Segments of the Pharmaceutical Excipient Industry?
The market can be divided into the following segments: type, technique, formulation, and application.
What is the Scope of the Pharmaceutical Excipient Market?
The market is expected to progress at a CAGR of 5.1% from 2024 to 2034.
Who are the Top Pharmaceutical Excipient Manufacturers?
Ashland Global Holdings, Croda International, BASF SE, and Lubrizol Corporation are some of the key manufacturers in the pharmaceutical excipient industry.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Manufacturer
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Tons) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Product, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Product, 2024 to 2034
5.3.1. Inorganic Chemicals
5.3.2. Organic Chemicals
5.4. Y-o-Y Growth Trend Analysis By Product, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Product, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Functionality
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Functionality, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Functionality, 2024 to 2034
6.3.1. Fillers and Diluents
6.3.2. Binders
6.3.3. Suspension and Viscosity Agents
6.3.4. Coatings
6.3.5. Flavoring Agents
6.3.6. Disintegrants
6.3.7. Colorants
6.3.8. Preservatives
6.3.9. Others
6.4. Y-o-Y Growth Trend Analysis By Functionality, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Functionality, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Tons) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Tons) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Product
8.2.3. By Functionality
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product
8.3.3. By Functionality
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Product
9.2.3. By Functionality
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product
9.3.3. By Functionality
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Product
10.2.3. By Functionality
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product
10.3.3. By Functionality
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Product
11.2.3. By Functionality
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product
11.3.3. By Functionality
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Product
12.2.3. By Functionality
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product
12.3.3. By Functionality
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Product
13.2.3. By Functionality
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product
13.3.3. By Functionality
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Tons) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Tons) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Product
14.2.3. By Functionality
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product
14.3.3. By Functionality
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Product
15.1.2.2. By Functionality
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Product
15.2.2.2. By Functionality
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Product
15.3.2.2. By Functionality
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Product
15.4.2.2. By Functionality
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Product
15.5.2.2. By Functionality
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Product
15.6.2.2. By Functionality
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Product
15.7.2.2. By Functionality
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Product
15.8.2.2. By Functionality
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Product
15.9.2.2. By Functionality
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Product
15.10.2.2. By Functionality
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Product
15.11.2.2. By Functionality
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Product
15.12.2.2. By Functionality
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Product
15.13.2.2. By Functionality
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Product
15.14.2.2. By Functionality
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Product
15.15.2.2. By Functionality
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Product
15.16.2.2. By Functionality
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Product
15.17.2.2. By Functionality
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Product
15.18.2.2. By Functionality
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Product
15.19.2.2. By Functionality
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Product
15.20.2.2. By Functionality
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Product
15.21.2.2. By Functionality
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Product
15.22.2.2. By Functionality
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Product
15.23.2.2. By Functionality
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Product
16.3.3. By Functionality
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Ashland Global Holdings
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Croda International
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. BASF SE
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Lubrizol Corporation
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Evonik Industries AG
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. Associated British Foods
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Roquette Feres
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. Archer Daniels Midland Company
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. DuPont
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
18. Assumptions & Acronyms Used19. Research Methodology
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List of Tables
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Tons) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 4: Global Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 6: Global Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 10: North America Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 12: North America Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 16: Latin America Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 18: Latin America Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 22: Western Europe Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 24: Western Europe Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 28: Eastern Europe Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 30: Eastern Europe Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 40: East Asia Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 42: East Asia Market Volume (Tons) Forecast by Functionality, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Tons) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Tons) Forecast by Product, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Functionality, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Tons) Forecast by Functionality, 2019 to 2034
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List of Charts
Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Tons) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 9: Global Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 13: Global Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 16: Global Market Attractiveness by Product, 2024 to 2034
Figure 17: Global Market Attractiveness by Functionality, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 27: North America Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 31: North America Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 34: North America Market Attractiveness by Product, 2024 to 2034
Figure 35: North America Market Attractiveness by Functionality, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 45: Latin America Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 49: Latin America Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Functionality, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 63: Western Europe Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 67: Western Europe Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Functionality, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Functionality, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Functionality, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 117: East Asia Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 121: East Asia Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Functionality, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Functionality, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Tons) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Tons) Analysis by Product, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Functionality, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Tons) Analysis by Functionality, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Functionality, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Functionality, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Functionality, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
