Pharmaceutical excipients market projected to reach $17.8 billion by 2032, driven by drug innovations.

From GlobeNewswire: 2025-06-27 08:45:00

The global Pharmaceutical Excipients Market was valued at USD 9.5 billion in 2023 and is projected to reach USD 17.8 billion by 2032, growing at a CAGR of 7.2%. Demand for effective drug delivery systems and production of generic medicines are driving growth, especially in oral and injectable delivery. The U.S. market is estimated to reach USD 3.52 billion by 2032, with North America dominated by R&D and advanced drug formulations. The market is supported by major players like SEPPIC, Celanese, and BASF. Asia Pacific holds the highest market share, while North America is expected to see significant growth due to continuous R&D investments and regulatory standards.



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