04282017Headline:

Ashland, Inc. (U.S.), BASF SE (Germany) and the Dow Chemical Company (U.S.) Lead the Pharmaceutical Excipients Market

The pharmaceutical excipients market is consolidated, with the top four players accounting for nearly 30%-35% of the market in 2015. The majority of the leading players in the market are based in developed countries across North America and Europe.

Ashland, Inc. (U.S.) is the leading player in the pharmaceuticals excipients market, as of 2015. The company has a diversified product portfolio that includes a wide range of tablet binding, tablet disintegration, tablet film coating, solubilizers, and rheology modifier excipients. Ashland’s leading position is ascribed to its active R&D activities, strong manufacturing capabilities, and wide distribution footprint across the world. To garner a larger share in the global pharmaceutical excipients market, the company continuously focuses on expansion and product launches.

BASF SE (Germany) is the second-largest market player in the market. The company’s large share is attributed to its innovative product portfolio and strong customer relationships. In order to remain competitive in the market, the company focuses on expanding its presence across the globe. Strategically, the company planned to invest about USD 13.8 million (EUR 10 billion) from 2013 to 2020 to enhance its geographic footprint in Asia-Pacific. By 2020, the company plans to conduct around 25% of global R&D in Asia-Pacific to develop innovative solutions to address the region’s challenges of resource efficiency, food, and nutrition.

The Dow Chemical Company (U.S.) held the third-largest market share in 2015. The company is largely known for its diversified cellulose compound offerings for the pharmaceutical industry. Its large market share is attributed to its global footprint. The company is highly focused on conducting strategic agreements and the expansion of its functional units.

The key strategies adopted by players in the global pharmaceutical excipients market are expansion, product launches, agreements & collaboration, and acquisition. Apart from Ashland, Inc. (U.S.), BASF SE (Germany), and The Dow Chemical Company (U.S.), other leading players in this market include Roquette (France), FMC Corporation (U.S.), Evonik Industries AG (Germany), Associated British Foods Plc. (U.K.), Archer Daniels Midland Company (U.S.), Lubrizol Corporation (U.S.), and Croda International Plc. (U.K.).

What Next?

Related Articles