Thailand Pharmaceutical Excipients Market to 2032

Overview

The Thailand Pharmaceutical Excipients Market is expected to reach a 75.05 USD Billion by 2032 and is projected to grow at a CAGR of 9.87% from 2025 to 2032.

Revenue, 2024 (USD Billion)

43.18

Forecast, 2032 (USD Billion)

75.05

CAGR, 2024 - 2032

9.87%

Report Coverage

Thailand

Thailand Pharmaceutical Excipients Market 2018-2032 USD Billion

Thailand Pharmaceutical Excipients Market, Key Findings (2025-2032)

Market Growth and Projections:

Market Size (2024): 43.18 USD Billion
Projected Market Size (2032): 75.05 USD Billion
CAGR (2025-2032): 9.87%

Key Findings of Thailand Pharmaceutical Excipients Market

The Thailand Pharmaceutical Excipients Market was valued at 75.05 USD Billion in 2024.
The Thailand Pharmaceutical Excipients Market is likely to grow at a CAGR of 9.87% during the forecast period of 2024 to 2032.
In 2024, the Largest segment Solid in Dosage Form Segment accounted for the largest share of the market with a revenue of 24.25 USD Billion
The fastest growing segment Binders and Adhesives in Functionality Segment grew Fastest with a CAGR of 13.71% during the forecast period from 2024 to 2032.

Thailand Pharmaceutical Excipients Market Scope

Thailand Pharmaceutical Excipients Market Segmentation & Scope

Distribution Channel

Others
Retail Sales
Direct Tender

End User

Others
Research Organization and Academics
Contract Formulators
Pharmaceutical and Biopharmaceutical Companies

Functionality

Others
Antifoaming Agents
Chelating Agents
Glidents
Emollients
Solvents
Sorbents
Antioxidants
Preservatives
Emulsifying Agents
Buffers
Lubricants
Diluents
Sweetening Agents
Flavors
Solubilizers
Coloring Agents
Coating Material
Disintegrants
Binders and Adhesives

Dosage Form

Solid
Liquid
Semi-Solid

Route of Administration

Other Excipients
Parenteral Excipients
Topical Excipients
Oral Excipients

Thailand Pharmaceutical Excipients Market Data Coverage Insights

Study Period	2024-2032
Base Year	2021
Unit	Revenue in USD Billion
Market Value in 2024	43.18 USD Billion
Market Value in 2032	75.05 USD Billion
CAGR (2025-2032)	9.87%
Historic Data	2016-2023
Market Segments Covered	Distribution Channel,End User,Functionality,Dosage Form ,Route of Administration

Regional Insights:

Leading Market (2024-2032): Thailand, leading in terms of revenue 43.18 USD Billion in 2024
- Key Country: Thailand, leading in terms of revenue with value of 43.18 USD Billion in 2024.

Segments and Scope

Thailand Pharmaceutical Excipients Market to 2032, By Distribution Channel
- Direct Tender is the largest segment in Thailand Pharmaceutical Excipients Market to 2032 with a revenue of 23.26 USD Billion in the year 2024.
- Direct Tender is the Fastest growing segment in Thailand Pharmaceutical Excipients Market to 2032 with a Growth rate of 10.53 % in forecast period 2025-2032.
Thailand Pharmaceutical Excipients Market to 2032, By End User
- Pharmaceutical and Biopharmaceutical Companies is the largest segment in Thailand Pharmaceutical Excipients Market to 2032 with a revenue of 20.37 USD Billion in the year 2024.
- Pharmaceutical and Biopharmaceutical Companies is the Fastest growing segment in Thailand Pharmaceutical Excipients Market to 2032 with a Growth rate of 10.36 % in forecast period 2025-2032.
Thailand Pharmaceutical Excipients Market to 2032, By Functionality
- Binders and Adhesives is the largest segment in Thailand Pharmaceutical Excipients Market to 2032 with a revenue of 9.69 USD Billion in the year 2024.
- Binders and Adhesives is the Fastest growing segment in Thailand Pharmaceutical Excipients Market to 2032 with a Growth rate of 13.71 % in forecast period 2025-2032.
Thailand Pharmaceutical Excipients Market to 2032, By Dosage Form
- Solid is the largest segment in Thailand Pharmaceutical Excipients Market to 2032 with a revenue of 24.25 USD Billion in the year 2024.
- Solid is the Fastest growing segment in Thailand Pharmaceutical Excipients Market to 2032 with a Growth rate of 10.18 % in forecast period 2025-2032.
Thailand Pharmaceutical Excipients Market to 2032, By Route of Administration
- Oral Excipients is the largest segment in Thailand Pharmaceutical Excipients Market to 2032 with a revenue of 18.72 USD Billion in the year 2024.
- Oral Excipients is the Fastest growing segment in Thailand Pharmaceutical Excipients Market to 2032 with a Growth rate of 10.70 % in forecast period 2025-2032.

Thailand Pharmaceutical Excipients Market Company Share Analysis

Company Name
Peter Greven GmbH & Co. KG
Kerry Group Plc.
The Lubrizol Corporation
Roquette Frères
BASF SE

Thailand Pharmaceutical Excipients Market Geographical Sales Distribution, 2018-2032 USD Billion

Thailand Pharmaceutical Excipients Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the Thailand Pharmaceutical Excipients Market?

The Thailand Pharmaceutical Excipients Market is segmented based on Segmentation Distribution Channel,End User,Functionality,Dosage Form ,Route of Administration .

What is the current market size of the Thailand Pharmaceutical Excipients Market?

Thailand Pharmaceutical Excipients Market was valued at USD 43.18(Revenue in USD Billion) in 2021.

What is the expected growth rate of the Thailand Pharmaceutical Excipients Market?

Thailand Pharmaceutical Excipients Market is projected to grow at a CAGR of 9.87% during the forecast period of 2024 to 2032.

Which is the dominating segment in the Thailand Pharmaceutical Excipients Market?

The Solid segment is expected to dominate the Thailand Pharmaceutical Excipients Market, holding a largest market share of 24.25 USD Billion in 2024