Excipients are the dormant materials used as binders for active constituents in pharmaceuticals. The active materials are generally not observed by the system of the human body and on these grounds they are combined with inactive materials referred as excipients that permit the absorption by the body system of the human beings. Further, the excipients also help in maintaining the dose and balance of therapeutic medicine. Excipients are bifurcated into gelatin, minerals, alcohol, sugar and polymers depending upon the types of chemicals. These excipients are also used to add taste and flavor to some of the pharmaceuticals. They are also referred as diluents, bulking agents and fillers.
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Alcohol excipients also maintain the pH formulation balance in order to maximize anti microbial efficacy as well as retain chemical stability. Few of the excipients like glycerol and propylene glycol are widely utilized in emulsions and aqueous suspensions for external use.
Alcohol excipients are the second biggest used excipients after polymers. They contribute about one fourth of the total market share. Alcohol excipients consist of Sorbitol, Glycerin, Mannitol and propylene glycol. Usually, excipients are inactive constituents and do not have any healing effect on patient. But, alcohol excipients used as inactive binders can have side effects on some patients due to their chemical compositions. Sorbitan trioleate, propylene glycol and benzyl alcohol are few examples of excipients that result in reactions or allergies in the patients who consume it.
Propylene glycol and Sorbitol were the most utilized excipients and contributed for more than half of the world wide consumption of the alcohol excipients. But, glycerin is predicted to observe the rapid expansion and growth in future due to its growing use in different medical applications. There also exists an imbalance between the supply and demand of the product glycerin due to its overproduction.
Fast growing/expanding pharmaceutical sector and creation of new excipients are predicted to be the main factors driving the growth of the global alcohol excipients market. Also growing population and changing life patterns is stimulating the growth of the pharmaceutical sector all across the globe. Also the demand for alcohol recipients from the developed economies is growing due to technological advancements and stringent government rules in biomedicine sector as well as pharmaceutical sector. But, the alcohol excipients market faces regulatory challenges as few of the alcohol excipients are believed to have side effects on large number of patients consuming it. Also high production costs, minimized research & development activities and reduced supplies are predicted to hinder the growth of the global alcohol excipients market. Growing demand for alcohol recipients in the OSDF (oral solid dosage form) is predicted to offer new business avenues for the industry participants in coming years. Further, the growth of economies like Brazil, India and China are predicted to increase the demand for alcohol excipients in oral solid dosage form.
The global alcohol excipients market is bifurcated into four geographical regions that includes sub continent of North America, Continent of Europe, APAC region and Rest of the World. Continent of Europe was the largest user of the alcohol recipients contributing to about one third of the global market demand of the global alcohol excipients market. The rising pharmaceutical sector and growing old age population in Europe is predicted to stimulate the expansion and growth of the alcohol recipients market in this continent. Sub continent of North America followed Europe in the size of market demand. This demand is predicted to grow further in this region due to the growing scope of use of alcohol recipients in medical applications. The region of APAC is predicted to register rapid growth in near future. Growing health standards and increasing middle income group population in nations like Indonesia, China and India are predicted to drive the use of pharmaceuticals and enhance the demand for the alcohol recipients.
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Japan is the matured alcohol recipients market sector of this APAC region and the old age population of this country is projected to stimulate the demand and growth of the alcohol recipients market in this region in coming years. China is also predicted to be the key producer and dealer of the alcohol recipients in this region. The reason behind this is easy availability of manpower/labor at cheaper costs and low infrastructure costs.
The market report also provides comprehensive information about macroeconomic as well as microeconomic aspects of the market that helps the existing market players as well as the new market entrants to shape their business decisions which helps them in expanding their business and churn large amount of profits due to their business growth.
All these concepts are explained in this market report by using the graphics tools of data representation like graphs, diagrams, charts, histograms, spreadsheets and tables.
Key market players profiled in this global alcohol recipients market report includes Dow Chemical Company, Archer Daniels Midland, BASF SE, Associated British Foods Plc, Novozymes, Solvay, Sterling Biotech, Evonik Industries, J.M. Huber Corporation, FMC Corporation, ABITEC Corporation, Purdue Pharma, USG Corporation, Mitsubishi Chemical Performance Polymers Incorporation, Avantor performance materials, Nitta Gelatin and Lubrizol Corporation.
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