According to the research report titled ‘Global Binder Excipients Market, 2021-2027’, available with MarketStudyReport, global binder excipients market is projected to register 4.7% CAGR during the forecast period 2021-2027.
 

As per the report findings, escalating demand for various pharmaceutical products due to growing prevalence of chronic diseases and increasing medical needs of the expanding geriatric population is catalyzing global binder excipients industry development. Further, rising number of clinical drugs of new drugs is expanding the market scope.
 

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For the uninitiated, binder excipients are pharmacologically inactive substances formulated together with active pharmaceutical ingredients for manufacturing a medication. They function as an adhesive to literally bind together granules, powders, and other dry ingredients to help tablets achieve their required hardness.
 

The research literature also sheds lights on the existing and upcoming challenges in this domain along with countermeasures for the same. It also forecasts the growth rate, size, and other important metrics concerning the industry’s growth trajectory over 2021-2027. The document considers all the aforementioned aspects when assessing the various sub-markets, including product types and geographical divisions, to determine the prospective areas for business expansion.
 

Based on the type, global binder excipients market is spit in dry form and wet form. Considering geographical bifurcation, the market size spans across North America, Europe, South America, and Middle East & Africa.
 

Experts cite that Asia Pacific market is anticipated to record stellar growth through 2027, creditable to high demand from booming local drug manufacturing industry for generic drugs businesses, especially in India.
 

Speaking of the competitive landscape, Ingredion Inc., Fuji Chemical Industry Co. Ltd., Dow Inc., Croda International plc, and Colorcon Inc. are among the top-tier companies influencing worldwide global binder excipients market trends. These players increasingly investing their resources in new product development, product capacity expansion, acquisitions, partnerships, and mergers to enlarge their foothold in this domain.