By definition, excipients are inactive substances that serve as a medium or vehicle for pharmaceutical active drug substances. Over the years, excipients have been increasingly developed to provide important functionalities to pharmaceutical formulations. The global pharmaceutical market is worth over USD 1.1 trillion as of 2017 and expected to grow over 4% annually over the next five years. The global market of specialty excipients in the overall pharmaceutical industry is estimated at about USD 6.8 billion in 2017. (more…)
The highly disruptive and rapidly growing additive manufacturing technology (AMT) promises a revolutionary change, not only in the large manufacturing industries, but also through average consumers. In addition to an economical alternative to traditional manufacturing, the 3D printing industry also provides the benefits of incorporating high levels of customization and complexity of design, as well as much lower lead times. This phenomenon of 3D printing, which until recently was mainly used for rapid prototyping, is now also increasingly being used in the production of end-parts and finished components in a wide range of applications, such as the automotive, aerospace, machine tools, electronics, medical, pharmaceuticals, and food industries.
3D printing has given rise to a rapidly growing multi-billion-dollar global market, offering highly profitable opportunities to companies along its supply chain. (more…)
The Middle East accounts for approximately 5% of the global consumption of synthetic latex polymers, with a market value of about USD 1.3 billion in 2016. This region represents an interesting mix of diverse economies, displaying a combination of varying market characteristics, ranging from the advanced Turkish market, which closely follows European trends, to the highly price-sensitive Egyptian market.
Like in most regions, except Southeast Asia, paints and coatings and adhesives and sealants are the largest application sectors in the Middle East. However, the region exhibits some striking differences in the application mix. (more…)
Pharmaceuticals is one of the largest and most essential industries worldwide. The global pharmaceutical market is worth over USD 1.1 trillion as of 2016 and is expected to grow in the range of 4%-7% annually over the next five years. Among the several routes of drug administration prevalent in the pharmaceutical industry, oral route is the most widely used, accounting for around 55% of the global pharmaceuticals market value. Furthermore, within orals, solid formulations are the most preferred dosages for their ease of administration, dosage accuracy, stability, and cost-effectiveness. OSDFs is a key growth segment for the global healthcare industry, especially with the growing emphasis on expanding affordable healthcare. (more…)