[2021] Tableting Agents Market Size, Growth – Global Analysis, Trends, Key Players, Merger, Share, Sales Statistics, Competitive Landscape, and Regional Forecast To 2027

SEATTLE, April 14, 2021, (PHARMIWEB) — Overview:

A tableting agent is a substance used in formulation with active pharmaceutical ingredients in medications. It is otherwise called excipients. The central motive behind tableting agent is long haul stabilization of the medications, bulking of solid dose formulations, and upgrading the helpful impacts of prescriptions. Tableting agents in medications should coordinate with the drug guidelines and principles to guarantee better wellbeing and high adequacy.

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Covid-19 Impact:

The COVID-19 pandemic has affected development of different business sectors. It is expected to hamper growth of tableting agents market. Additionally, safety precautions proposed by the World Health Organization to diminish the danger of spread of COVID-19 and execution of nationwide lockdowns have influenced the supply chain of tableting agents.

Drivers:

High prevalence of chronic diseases is expected to propel growth of the global tableting agents market over the forecast period. For instance, according to the study, “Global and regional diabetes prevalence estimates for 2019 and projections for 2030 and 2045: Results from the International Diabetes Federation Diabetes Atlas, 9th edition”, published in the journal Diabetes Research and Clinical Practice, in September 2019, 463 million people are expected to suffer from diabetes in 2019 worldwide and the number is expected to reach 578 million by 2030 and 700 million by 2045.

Restraints:

Presence of certain incompatibilities in tableting agents and active pharmaceutical ingredients is a major issue. Moreover, formation of molecular complexes and increase the rate of chemical degradation due to impact of tableting agents on physiochemical characteristics of active pharmaceutical ingredients is expected to hinder growth of the global tableting agents market.

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Market Taxonomy:

The tableting agents market by type, is segmented into:

• Organic Tableting Agents
• Inorganic Tableting Agents
• Others
• By Nature:
  • Fillers
  • Binders
  • Suspending Agents
  • Flavoring Agents
  • Lubricants and Glidants
  • Colorants
  • Preservatives
  • Emulsifying Agents
  • Others

• By Formulation:
  • Oral Formulation
  • Topical Formulation
  • Parental Formulation
  • Others

• By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Regional Analysis:

North America is expected to witness significant growth in tableting agents market, owing to development of advanced technologies and implementation of new excipients in the region. For instance, in 2019, Millipore Sigma launched Partech COAT excipient, a new excipient with low viscosity in solution designed for immediate release film coating application.

Market Trends

Major players operating in the global tableting agents market are focused on adopting M&A strategies to enhance their market share. For instance, in 2017, Croda International Plc, a chemical manufacturing company, announced its acquisition of Enza Biotech AB, a research enterprise from Lund University of Sweden.

Players in the market are also focused on adopting expansion strategies. For instance, in August 2020, Colorcon, a leading company in development and supply of film coating excipients, announced to establish a new technical center in Melbourne, Australia, which will provide pharmaceutical class development services such as tablet formulation and coating for customers in Australia.

Major players operating in the global tableting agents market are focused on launching new products to enhance their market share. For instance, in 2019, DuPont de Nemours, Inc developed the new surfactant excipient FM100, which stabilizes biologics better than conventional excipients.

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Competitive Section:

The key players involved in tableting agents market are Evonik Industries AG, Associated British Foods plc, Colorcon, Inc., Croda International plc, shland Global Specialty Chemicals Inc, BASF SE , DuPont de Nemours, Inc, Roquette Frères, Akzo Nobel N.V, Innophos Holdings, Inc, and Lubrizol Corporation.

Major players operating in the global tableting agents market are focused on adopting partnership and collaboration strategies to enhance their market share. For instance, in February 2020, ReForm Biologics LLC, a pharmaceutical technology company and MilliporeSigma announced a global license agreement and collaboration to commercialise proprietary reform excipient used in bio-therapeutics formulation. Similarly, in 2019, Associated British Foods plc (U.K.) signed an agreement with Indchem International. Under this agreement, Indchem will distribute Associated British Foods’ functional lipid excipient in the India market.

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