Dry Granulation Excipient Market Size

Dry Granulation Excipients Market size is poised to reach USD 20 Billion by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of the dry granulation excipients was USD 12 Billion. The growth of dry granulation excipients growth is due to the burgeoning demand in the pharmaceutical and chemical industries. For instance, there are more than 20,000 pharmaceutical companies spread over more than 200 nations.  Better stability and shelf life are provided for pharmaceutical formulations by dry granulation. The granules generated by dry granulation have improved chemical stability due to reduced exposure to moisture, making the finished product last longer and be of higher quality. Hence, over time dry granulation excipients have gained popularity in the pharmaceutical industry.

In addition, a high demand for generic drugs due to generic drugs having nominal pricing than branded drugs boosting the number of drugs sold in the market. Which would support the pharmaceutical industry and accelerate dry granulation excipients market expansion during the projection period.