The Global Excipients Industry is Expected to Reach USD 7,586.6 Million in 2018: Transparency Market Research

The Global Excipients Industry is Expected to Reach USD 7,586.6 Million in 2018: Transparency Market Research PR Newswire ALBANY, New York, November 7, 2012 ALBANY, New York, November 7, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "Excipients Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 - 2018," the global excipients demand was worth USD 5,260.0 million in 2011 and is expected to reach USD 7,586.6 million in 2018, growing at a CAGR of 5.4% from 2013 to 2018. Currently, Europe dominates the global market in terms of demand; however Asia Pacific is expected to be the most promising market in the near future mainly due to the availability of low cost products and cheap labor. The North America market for excipients in terms of revenue is growing at a CAGR of 5.3% from 2013 to 2018 as the U.S. has the biggest pharmaceutical market globally. Browse the full report at http://www.transparencymarketresearch.com/excipients-market.html The demand for excipients is witnessing significant growth as it is considered as the functional additive in the pharmaceutical industry. Some of the factors driving the growth of the excipients market include increasing demand for novel excipients and growth in the global pharmaceuticals market.