Transparency Market
Research
Excipients Market - Latin America Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2015 - 2023
Published Date
10-May-2016
284 Page Report
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Press Release
Pharmaceutical Industry to Help Excipients Sales in Latin America
to Gain Remarkably, forecasts TMR
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Excipients Market
REPORT DESCRIPTION
Excipients Market - Latin America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 2023
The top three participants in the Latin America excipients market, Ashland Inc., BASF SE, and FMC
Corporation, hold a collective share of 26.2% in the market in 2014. Ashland Inc. will focus on restructuring its
global programs and integrating centralized supply chains for retaining its competitive edge in the overall
market, TMR expects. On the other hand, BASF SE and FMC Corporation are investing in result-driven
research and development to introduce effective products to their existing product portfolio.
In the coming years, in addition to catering to the pharmaceutical industry, the players in the Latin America
excipients market will expand the applications of their excipients to improve revenues, expects TMR.
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Pharmaceutical Industry Backs Progress of Excipients Market
The Latin America excipients market is mainly being driven by the booming pharmaceuticals industry that uses
excipients as flavoring agents, binders, disintegrants agents for making tablets, capsules, and other forms of
drugs. The research states that the pharmaceutical industry in Latin America will progress at a CAGR of 8.1%
in terms of revenue between 2015 and 2023. The increasing population of geriatrics is acting as a fulcrum for
the pharmaceutical industry in Latin America by giving it ample opportunities for develop solutions and tap the
unmet medical needs.
A TMR analyst says, “Concurrent with this trend, the oral solid dosage drugs segment is also experiencing a
remarkable boost. Its wide usage across a range of medical problems is also making it a popular medium of
drug delivery amongst both patients and physicians.” The study states that oral solid drugs require excessive
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excipients during the manufacturing process. Thus, the increasing the aforementioned factors will be
collectively responsible for the rise of the excipients market in Latin America.
Expensive Raw Materials Throw Spanner it the Works
The Latin America excipients market is currently grappling with the issue of expensive prices of raw materials
used for manufacturing organic excipients. This is the biggest restraint hampering the growth of the organic
excipients market in the region. Organic excipients are made from maize, corn, and starch. However, these
raw materials are also being demanded by the energy sector for generation of cleaner energy solutions. Owing
to the growing applications of these raw materials and their poor yield, the rise in prices is creating an
impediment for the excipients market in Latin America.
Besides overcoming these restraints, the Latin America excipients market has various opportunities that it
needs to work towards. For instance, the resistance of potential consumers towards the introduction of new
excipients must be won with accurate information. If these efforts are realized, the technological developments
to make new excipients will help players win bigger revenues.
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TMR states the opportunity in the global excipients market will be worth US$626.9 mn by 2023. The market
was valued at US$359.0 mn in 2014 and is anticipated to rise at a steady CAGR of 6.4% between 2015 and
2023. The fastest-growing product segment, sugar and other excipients, is anticipated to acquire a share of
19.33% on the basis of volume by 2023.
The analysis of the global excipients market is based on the findings of the report by Transparency Market
Research. The research report, titled “Excipients Market - Latin America Industry Analysis, Size, Share,
Growth, Trends, and Forecast 2015 – 2023,” explains every aspect of the market in absolute detail.
The report segments the excipients market in Latin America as follows:
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Excipients Market - Product Segment Analysis
•
Polymers
•
MCC
•
HPMC
•
Ethyl cellulose
•
Methyl cellulose
•
CMC
•
CroscarmelloseSodium
•
Povidone(binders)
•
Crosspovidone(disintegrants)
•
Pregelatinized starch
•
Sodium starch glycolate
•
Polyethylene glycol
•
Acrylic polymers
•
Others
Alcohol
•
Glycerin
•
Propylene glycol
•
Sorbitol
•
Mannitol
•
Others
Minerals
•
Calcium phosphate
•
Calcium carbonate
•
Clay
•
Silicon dioxide
•
Titanium dioxide
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•
Others
Gelatin
•
Sugar & Other
•
Lactose
•
Sucrose
•
Maltitol
•
Glucose
•
Others
Excipients Market - Route of Administration Analysis
•
Oral
•
Tablets
•
Capsules (Hard & Soft)
•
Liquids and Semisolids
•
Tropical
•
Parenteral
•
Others
Excipients Market - Function Analysis
•
Fillers & Diluents
•
Disintegrants
•
Binders & Adhesives
•
Lubricants & Glidants
•
Flavors & Sweeteners
•
Viscosity Agents
•
Film Coating
•
Controlled Release
•
Others
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Excipients Market - Country Analysis
Latin America
•
Mexico
•
Central America
•
Brazil
•
Argentina
•
Caribbean
•
Colombia
•
Chile
•
Rest of South America
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TABLE OF CONTENT
Chapter 1 Preface
1.1 Report Description
1.2 Research Scope
1.3 Assumptions
1.4 Market Segmentation
1.5 Research Methodology
Chapter 2 Executive Summary
2.1 Latin America Excipients Market, 2014 - 2023, (Tons) (US$ Thousand)
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2.2 Excipients: Market Snapshot
Chapter 3 Excipients Market – Industry Analysis
3.1 Introduction
3.2 Value Chain Analysis
3.3 Market Drivers
3.3.1 Growth in Pharmaceutical Market in Latin America
3.3.2 Increasing Consumption of Oral Solid Dosage Drugs
3.4 Restraints
3.4.1 High Manufacturing Cost
3.4.2 Use of Excipients in Other End-user Industries
3.5 Opportunity
3.5.1 New Product Development
3.6 Porter’s Five Forces Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Buyers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitutes
3.6.5 Degree of Competition
3.7 Latin America Excipients Market Attractiveness, by Functionality, 2014
3.8 Latin America Excipients Market Attractiveness, by Country, 2014
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3.9 Company Market Share Analysis, 2014
Chapter 4 Price Trend Analysis
4.4 Latin America Average Excipients Price Trend, 2014–2023 (US$/Kg)
Chapter 5 Latin America Excipients Market – Product Segment Analysis
5.1 Latin America Excipients Market: Product Segment Overview
5.2 Latin America Excipients Market for Polymers, 2014–2023 (Tons) (US$ Thousand)
5.3 Latin America Excipients Market for Alcohols, 2014–2023 (Tons) (US$ Thousand)
5.4 Latin America Excipients Market for Minerals, 2014–2023 (Tons) (US$ Thousand)
5.5 Latin America Excipients Market for Gelatin, 2014–2023 (Tons) (US$ Thousand)
5.6 Latin America Excipients Market for Sugar & Other Excipients, 2014–2023 (Tons) (US$ Thousand)
Chapter 6 Latin America Excipients Market – Functional Analysis
6.1 Latin America Excipients Market: Functional Overview
6.2 Latin America Excipients Market for Fillers & Diluents, 2014–2023 (Tons) (US$ Thousand)
6.3 Latin America Excipients Market for Disintegrants, 2014–2023 (Tons) (US$ Thousand)
6.4 Latin America Excipients Market for Binders & Adhesives, 2014–2023 (Tons) (US$ Thousand)
6.5 Latin America Excipients Market for Lubricants & Glidants, 2014–2023 (Tons) (US$ Thousand)
6.6 Latin America Excipients Market for Flavors & Sweeteners, 2014–2023 (Tons) (US$ Thousand)
6.7 Latin America Excipients Market for Viscosity Agents, 2014–2023 (Tons) (US$ Thousand)
6.8 Latin America Excipients Market for Film Coatings, 2014–2023 (Tons) (US$ Thousand)
6.9 Latin America Excipients Market for Controlled Release, 2014–2023 (Tons) (US$ Thousand)
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6.10 Latin America Excipients Market for Others, 2014–2023 (Tons) (US$ Thousand)
Chapter 7 Latin America Excipients Market – Route of Administration Analysis
7.1 Latin America Excipients Market: Route of Administration Overview
7.2 Latin America Excipients Market for Oral, 2014–2023 (Tons) (US$ Thousand)
7.3 Latin America Excipients Market for Topical, 2014–2023 (Tons) (US$ Thousand)
7.4 Latin America Excipients Market for Parenteral, 2014–2023 (Tons) (US$ Thousand)
7.5 Latin America Excipients Market for Others (Pulmonary, Ocular, Nasal, etc.), 2014–2023 (Tons) (US$
Thousand)
Chapter 8 Latin America Excipients Market - Regional Analysis
8.1 Mexico Excipients Market Volume, by Product (Tons), 2014–2023
8.2 Mexico Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.3 Mexico Excipients Market for Polymers, by Type (Tons), 2014–2023
8.4 Mexico Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.5 Mexico Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.6 Mexico Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.7 Mexico Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.8 Mexico Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.9 Mexico Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.10 Mexico Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand), 2014–2023
8.11 Mexico Excipients Market Volume, by Function (Tons), 2014–2023
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8.12 Mexico Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.13 Mexico Excipients Market Volume, by Route (Tons), 2014–2023
8.14 Mexico Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.15 Mexico Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.16 Mexico Excipients Market Revenue for Oral, by Medicine Form (US$ Thousand), 2014–2023
8.17 Central America Excipients Market Volume, by Product (Tons), 2014–2023
8.18 Central America Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.19 Central America Excipients Market for Polymers, by Type (Tons), 2014–2023
8.20 Central America Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.21 Central America Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.22 Central America Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.23 Central America Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.24 Central America Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.25 Central America Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.26 Central America Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand),
2014–2023
8.27 Central America Excipients Market Volume, by Function (Tons), 2014–2023
8.28 Central America Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.29 Central America Excipients Market Volume, by Route (Tons), 2014–2023
8.30 Central America Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
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8.31 Central America Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.32 Central America Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
8.33 South America Excipients Market Volume, by Product (Tons), 2014–2023
8.34 South America Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.35 South America Excipients Market for Polymers, by Type (Tons), 2014–2023
8.36 South America Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.37 South America Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.38 South America Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.39 South America Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.40 South America Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.41 South America Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.42 South America Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand),
2014–2023
8.43 South America Excipients Market Volume, by Function (Tons), 2014–2023
8.44 South America Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.45 South America Excipients Market Volume, by Route (Tons), 2014–2023
8.46 South America Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.47 South America Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.48 South America Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
8.49 Brazil Excipients Market Volume, by Product (Tons), 2014–2023
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8.50 Brazil Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.51 Brazil Excipients Market for Polymers, by Type (Tons), 2014–2023
8.52 Brazil Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.53 Brazil Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.54 Brazil Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.55 Brazil Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.56 Brazil Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.57 Brazil Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.58 Brazil Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand), 2014–2023
8.59 Brazil Excipients Market Volume, by Function (Tons), 2014–2023
8.60 Brazil Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.61 Brazil Excipients Market Volume, by Route (Tons), 2014–2023
8.62 Brazil Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.63 Brazil Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.64 Brazil Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
8.65 Argentina Excipients Market Volume, by Product (Tons), 2014–2023
8.66 Argentina Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.67 Argentina Excipients Market for Polymers, by Type (Tons), 2014–2023
8.68 Argentina Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.69 Argentina Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
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8.70 Argentina Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.71 Argentina Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.72 Argentina Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.73 Argentina Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.74 Argentina Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand), 2014–2023
8.75 Argentina Excipients Market Volume, by Function (Tons), 2014–2023
8.76 Argentina Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.77 Argentina Excipients Market Volume, by Route (Tons), 2014–2023
8.78 Argentina Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.79 Argentina Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.80 Argentina Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
8.81 Caribbean Excipients Market Volume, by Product (Tons), 2014–2023
8.82 Caribbean Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.83 Caribbean Excipients Market for Polymers, by Type (Tons), 2014–2023
8.84 Caribbean Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.85 Caribbean Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.86 Caribbean Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.87 Caribbean Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.88 Caribbean Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.89 Caribbean Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
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8.90 Caribbean Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand), 2014–
2023
8.91 Caribbean Excipients Market Volume, by Function (Tons), 2014–2023
8.92 Caribbean Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.93 Caribbean Excipients Market Volume, by Route (Tons), 2014–2023
8.94 Caribbean Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.95 Caribbean Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.96 Caribbean Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
8.97 Columbia Excipients Market Volume, by Product (Tons), 2014–2023
8.98 Columbia Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.99 Columbia Excipients Market for Polymers, by Type (Tons), 2014–2023
8.100 Columbia Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.101 Columbia Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.102 Columbia Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.103 Columbia Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.104 Columbia Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.105 Columbia Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.106 Columbia Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand), 2014–
2023
8.107 Columbia Excipients Market Volume, by Function (Tons), 2014–2023
8.108 Columbia Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
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8.109 Columbia Excipients Market Volume, by Route (Tons), 2014–2023
8.110 Columbia Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.111 Columbia Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.112 Columbia Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
8.113 Chile Excipients Market Volume, by Product (Tons), 2014–2023
8.114 Chile Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.115 Chile Excipients Market for Polymers, by Type (Tons), 2014–2023
8.116 Chile Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.117 Chile Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.118 Chile Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.119 Chile Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.120 Chile Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.121 Chile Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–2023
8.122 Chile Excipients Market Revenue for Sugar & Other Excipients, by Type (US$ Thousand), 2014–2023
8.123 Chile Excipients Market Volume, by Function (Tons), 2014–2023
8.124 Chile Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.125 Chile Excipients Market Volume, by Route (Tons), 2014–2023
8.126 Chile Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.127 Chile Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.128 Chile Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–2023
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8.129 Rest of South America Excipients Market Volume, by Product (Tons), 2014–2023
8.130 Rest of South America Excipients Market Revenue, by Product (US$ Thousand), 2014–2023
8.131 Rest of South America Excipients Market for Polymers, by Type (Tons), 2014–2023
8.132 Rest of South America Excipients Market for Polymers, by Type (US$ Thousand), 2014–2023
8.133 Rest of South America Excipients Market Volume for Alcohols, by Type (Tons), 2014–2023
8.134 Rest of South America Excipients Market Revenue for Alcohols, by Type (US$ Thousand), 2014–2023
8.135 Rest of South America Excipients Market Volume for Minerals, by Type (Tons), 2014–2023
8.136 Rest of South America Excipients Market Revenue for Minerals, by Type (US$ Thousand), 2014–2023
8.137 Rest of South America Excipients Market Volume for Sugar & Other Excipients, by Type (Tons), 2014–
2023
8.138 Rest of South America Excipients Market Revenue for Sugar & Other Excipients, by Type (US$
Thousand), 2014–2023
8.139 Rest of South America Excipients Market Volume, by Function (Tons), 2014–2023
8.140 Rest of South America Excipients Market Revenue, by Function (US$ Thousand), 2014–2023
8.141 Rest of South America Excipients Market Volume, by Route (Tons), 2014–2023
8.142 Rest of South America Excipients Market Revenue, by Route (US$ Thousand), 2014–2023
8.143 Rest of South America Excipients Market Volume for Oral, by Medicine Form (Tons), 2014–2023
8.144 Rest of South America Excipients Market Revenue for Oral, by Medicine Form, (US$ Thousand), 2014–
2023
Chapter 9 Company Profiles
9.1 Merck KGaA
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9.2 Archer Daniels Midland (ADM) Company
9.3 Ashland Inc.
9.4 FMC Corporation
9.5 BASF SE
9.6 Evonik Industries AG
9.7 Cabot Corporation
9.8 The Dow Chemical Company
9.9 Asahi-Kasei Corporation
9.10 Eastman Chemical Company
9.11 The Lubrizol Corporation
9.12 Croda International plc.
9.13 Cargill Inc.
9.14 Innophos Holdings Inc.
9.15 Colorcon Inc.
9.16 Avantor Performance Materials Inc.
9.17 Roquette Pharma
9.18 JRS Pharma
9.19 CP Kelco
Chapter 10 Primary Research – Key Findings
Chapter 11 List of Key Customers
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The top three participants in the Latin America excipients market, Ashland Inc., BASF SE, and FMC Corporation, hold a collective share of 26.2% in the market in 2014. Ashland Inc. will focus on restructuring its global programs and integrating centralized supply chains for retaining its competitive edge in the overall market, TMR expects. On the other hand, BASF SE and FMC Corporation are investing in result-driven research and development to introduce effective products to their existing product portfolio. In the coming years, in addition to catering to the pharmaceutical industry, the players in the Latin America excipients market will expand the applications of their excipients to improve revenues, expects TMR.

Excipients Market - Latin America Industry Analysis, Size, Share, Growth, Trends, and Forecast 2015 – 2023