Tablet coating is the process of coating a tablet's surface with a coating material to achieve the desired properties of dosage form over the uncoated tablet. The tablet coating is done to mask the color, odor, or taste of the tablet, to incorporate another drug to fight the side effects of the original drugs, to enhance the expiration date, encapsulate the tablet with a smooth surface, to protect the gastric environment of the human body, and to control the release of the drug in the human body. The tablet coating is also used for improving product stability, and to increase the release properties of drugs.
Coating of the tablet is done by using cellulosic polymer (hydroxypropyl methylcellulose, hydroxypropyl cellulose, hydroxyethyl cellulose, methylcellulose, and sodium carboxymethyl cellulose), vinyl polymer (polyvinyl pyrrolidone, polyvinyl pyrrolidone-polyvinyl acetate copolymers, and polyvinyl alcohol), and acrylic polymers (Eudragit). Tablet coatings are required for producing delayed-release tablets, and sustained-release tablets. There are various types of tablet coatings, used in the pharmaceutical industry including sugar-coated, film-coated, and enteric-coated for achieving desired pharmacological action. Producing medical tablets with a coating has become more popular in the pharmaceutical industry nowadays.
Major factors driving the growth of the tablet coatings market include a rise in technological advancements in the equipment of tablet coating, an increase in the prevalence rate of chronic diseases such as heart diseases, cancer, ischemic stroke, and aneurysm, which required sustained and delayed release of drug, propel high adoption of tablet coatings for desired pharmacological action at particular interval of time. For instance, nitroglycerin sustained-release tablets (used for angina, and coronary artery disease) are available in the market under the brand name NIPTRO.
For instance, according to World Health Organization, Cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. It has been estimated in 2020 that around 17.9 million people die each year from CVDs, an estimated 31% of all deaths worldwide. According to the National Center for Health Statistics, every year, about 805,000 people in the U. S. have a heart attack. This led to increasing demand for sustained-release tablets for cardiac disease.
However, unfavorable reimbursements as well as complications such as high costs associated with coated tablets in comparison to conventional tablets are expected to hamper the market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create huge opportunities for fibrin sealant manufacturers worldwide in the future.
Furthermore, the healthcare business is projected to witness growth, owing to a rise in surgeries such as heart bypass surgery, cancer surgeries, solid tumor surgeries, neurothrombectomy, and organ transplant surgeries, and a rise in awareness regarding the use of tablet coatings for controlling the release of drug. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
In addition, an increase in R&D investments in the discovery & development of advanced tablet coatings, an increase in tablet coatings-assisted clinical research studies, a significant rise in capital income in developed countries, and a rise in key strategies adopted by key players such as acquisition, collaboration, and agreement strengthen the demand for tablet coatings in the market.
For instance, in October 2020, Evonik launched EUDRAGIT ready-to-use powder premix to improve the processing, appearance, and swallowability of oral drug products with an immediate release profile. EUDRAGIT IR ReadyMix White is fast and easy to process, with a high-gloss coating delivering an elegant optical appearance and superior swallowability outcomes.
The tablet coatings market is segmented on the basis of polymer, type, functionality, end user, and region. On the basis of polymer, the market is classified into cellulosic, vinyl, and acrylic. On the basis of type, the market is classified into sugar-coated, film-coated, enteric-coated, and gelatin-coated tablets, On the basis of functionality, it is classified into delayed-release, and sustained-release. Depending on the end user, it is fragmented into pharmaceutical, and nutraceutical. Region-wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Thailand and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, North Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Air Liquide S. A., Aquadry Pharma Pvt. Ltd., Aries Exim Pvt. Ltd., Ashland Global Holdings, Inc., Biogrund GmbH, Coatings Place, Inc., Colorcon, Inc., Dupont De Nemours, Inc., Eastman, Evonik Industries AG, and Ideal Cures Pvt. Ltd.
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tablet coatings market analysis from 2021 to 2031 to identify the prevailing tablet coatings market opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the tablet coatings market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global tablet coatings market trends, key players, market segments, application areas, and market growth strategies.
Coating of the tablet is done by using cellulosic polymer (hydroxypropyl methylcellulose, hydroxypropyl cellulose, hydroxyethyl cellulose, methylcellulose, and sodium carboxymethyl cellulose), vinyl polymer (polyvinyl pyrrolidone, polyvinyl pyrrolidone-polyvinyl acetate copolymers, and polyvinyl alcohol), and acrylic polymers (Eudragit). Tablet coatings are required for producing delayed-release tablets, and sustained-release tablets. There are various types of tablet coatings, used in the pharmaceutical industry including sugar-coated, film-coated, and enteric-coated for achieving desired pharmacological action. Producing medical tablets with a coating has become more popular in the pharmaceutical industry nowadays.
Major factors driving the growth of the tablet coatings market include a rise in technological advancements in the equipment of tablet coating, an increase in the prevalence rate of chronic diseases such as heart diseases, cancer, ischemic stroke, and aneurysm, which required sustained and delayed release of drug, propel high adoption of tablet coatings for desired pharmacological action at particular interval of time. For instance, nitroglycerin sustained-release tablets (used for angina, and coronary artery disease) are available in the market under the brand name NIPTRO.
For instance, according to World Health Organization, Cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. It has been estimated in 2020 that around 17.9 million people die each year from CVDs, an estimated 31% of all deaths worldwide. According to the National Center for Health Statistics, every year, about 805,000 people in the U. S. have a heart attack. This led to increasing demand for sustained-release tablets for cardiac disease.
However, unfavorable reimbursements as well as complications such as high costs associated with coated tablets in comparison to conventional tablets are expected to hamper the market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create huge opportunities for fibrin sealant manufacturers worldwide in the future.
Furthermore, the healthcare business is projected to witness growth, owing to a rise in surgeries such as heart bypass surgery, cancer surgeries, solid tumor surgeries, neurothrombectomy, and organ transplant surgeries, and a rise in awareness regarding the use of tablet coatings for controlling the release of drug. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.
In addition, an increase in R&D investments in the discovery & development of advanced tablet coatings, an increase in tablet coatings-assisted clinical research studies, a significant rise in capital income in developed countries, and a rise in key strategies adopted by key players such as acquisition, collaboration, and agreement strengthen the demand for tablet coatings in the market.
For instance, in October 2020, Evonik launched EUDRAGIT ready-to-use powder premix to improve the processing, appearance, and swallowability of oral drug products with an immediate release profile. EUDRAGIT IR ReadyMix White is fast and easy to process, with a high-gloss coating delivering an elegant optical appearance and superior swallowability outcomes.
The tablet coatings market is segmented on the basis of polymer, type, functionality, end user, and region. On the basis of polymer, the market is classified into cellulosic, vinyl, and acrylic. On the basis of type, the market is classified into sugar-coated, film-coated, enteric-coated, and gelatin-coated tablets, On the basis of functionality, it is classified into delayed-release, and sustained-release. Depending on the end user, it is fragmented into pharmaceutical, and nutraceutical. Region-wise, the market is analyzed across North America (the U. S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Thailand and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, North Africa, Saudi Arabia, and rest of LAMEA).
Major players profiled in the report are Air Liquide S. A., Aquadry Pharma Pvt. Ltd., Aries Exim Pvt. Ltd., Ashland Global Holdings, Inc., Biogrund GmbH, Coatings Place, Inc., Colorcon, Inc., Dupont De Nemours, Inc., Eastman, Evonik Industries AG, and Ideal Cures Pvt. Ltd.
KEY BENEFITS FOR STAKEHOLDERS
Market research is offered along with information related to key drivers, restraints, and opportunities.This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tablet coatings market analysis from 2021 to 2031 to identify the prevailing tablet coatings market opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
An in-depth analysis of the tablet coatings market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global tablet coatings market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Polymer
- Cellulosic
- Vinyl
- Acrylic
By Type
- Sugar Coated
- Film Coated
- Enteric Coated
- Gelatin-coated
By Functionality
- Delayed-Release
- Sustained Release
By End User
- Pharmaceutical
- Nutraceutical
By Region
- North America
- U. S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Thailand
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- North Africa
- Rest of LAMEA
Key Market Players
- L'Air Liquide S. A.
- Aquadry Pharma Pvt. Ltd.
- Aries Exim Pvt. Ltd.
- Ashland Global Holdings, Inc.
- biogrund gmbh
- Coatings Place, Inc.
- Colorcon, Inc.
- DuPont de Nemours, Inc.
- Eastman
- evonik industries ag
- ideal cures pvt. ltd.
Table of Contents
CHAPTER 1: INTRODUCTION1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
CHAPTER 4: TABLET COATINGS MARKET, BY POLYMER
4.1 Overview
4.1.1 Market size and forecast
4.2 Cellulosic
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 Vinyl
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country
4.4 Acrylic
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market share analysis by country
CHAPTER 5: TABLET COATINGS MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Sugar Coated
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Film Coated
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Enteric Coated
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Gelatin-coated
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country
CHAPTER 6: TABLET COATINGS MARKET, BY FUNCTIONALITY
6.1 Overview
6.1.1 Market size and forecast
6.2 Delayed-Release
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market share analysis by country
6.3 Sustained Release
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market share analysis by country
CHAPTER 7: TABLET COATINGS MARKET, BY END USER
7.1 Overview
7.1.1 Market size and forecast
7.2 Pharmaceutical
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market share analysis by country
7.3 Nutraceutical
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market share analysis by country
CHAPTER 8: TABLET COATINGS MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Polymer
8.2.3 North America Market size and forecast, by Type
8.2.4 North America Market size and forecast, by Functionality
8.2.5 North America Market size and forecast, by End User
8.2.6 North America Market size and forecast, by country
8.2.6.1 U. S.
8.2.6.1.1 Key market trends, growth factors and opportunities
8.2.6.1.2 Market size and forecast, by Polymer
8.2.6.1.3 Market size and forecast, by Type
8.2.6.1.4 Market size and forecast, by Functionality
8.2.6.1.5 Market size and forecast, by End User
8.2.6.2 Canada
8.2.6.2.1 Key market trends, growth factors and opportunities
8.2.6.2.2 Market size and forecast, by Polymer
8.2.6.2.3 Market size and forecast, by Type
8.2.6.2.4 Market size and forecast, by Functionality
8.2.6.2.5 Market size and forecast, by End User
8.2.6.3 Mexico
8.2.6.3.1 Key market trends, growth factors and opportunities
8.2.6.3.2 Market size and forecast, by Polymer
8.2.6.3.3 Market size and forecast, by Type
8.2.6.3.4 Market size and forecast, by Functionality
8.2.6.3.5 Market size and forecast, by End User
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Polymer
8.3.3 Europe Market size and forecast, by Type
8.3.4 Europe Market size and forecast, by Functionality
8.3.5 Europe Market size and forecast, by End User
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Key market trends, growth factors and opportunities
8.3.6.1.2 Market size and forecast, by Polymer
8.3.6.1.3 Market size and forecast, by Type
8.3.6.1.4 Market size and forecast, by Functionality
8.3.6.1.5 Market size and forecast, by End User
8.3.6.2 France
8.3.6.2.1 Key market trends, growth factors and opportunities
8.3.6.2.2 Market size and forecast, by Polymer
8.3.6.2.3 Market size and forecast, by Type
8.3.6.2.4 Market size and forecast, by Functionality
8.3.6.2.5 Market size and forecast, by End User
8.3.6.3 UK
8.3.6.3.1 Key market trends, growth factors and opportunities
8.3.6.3.2 Market size and forecast, by Polymer
8.3.6.3.3 Market size and forecast, by Type
8.3.6.3.4 Market size and forecast, by Functionality
8.3.6.3.5 Market size and forecast, by End User
8.3.6.4 Italy
8.3.6.4.1 Key market trends, growth factors and opportunities
8.3.6.4.2 Market size and forecast, by Polymer
8.3.6.4.3 Market size and forecast, by Type
8.3.6.4.4 Market size and forecast, by Functionality
8.3.6.4.5 Market size and forecast, by End User
8.3.6.5 Spain
8.3.6.5.1 Key market trends, growth factors and opportunities
8.3.6.5.2 Market size and forecast, by Polymer
8.3.6.5.3 Market size and forecast, by Type
8.3.6.5.4 Market size and forecast, by Functionality
8.3.6.5.5 Market size and forecast, by End User
8.3.6.6 Rest of Europe
8.3.6.6.1 Key market trends, growth factors and opportunities
8.3.6.6.2 Market size and forecast, by Polymer
8.3.6.6.3 Market size and forecast, by Type
8.3.6.6.4 Market size and forecast, by Functionality
8.3.6.6.5 Market size and forecast, by End User
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Polymer
8.4.3 Asia-Pacific Market size and forecast, by Type
8.4.4 Asia-Pacific Market size and forecast, by Functionality
8.4.5 Asia-Pacific Market size and forecast, by End User
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 Japan
8.4.6.1.1 Key market trends, growth factors and opportunities
8.4.6.1.2 Market size and forecast, by Polymer
8.4.6.1.3 Market size and forecast, by Type
8.4.6.1.4 Market size and forecast, by Functionality
8.4.6.1.5 Market size and forecast, by End User
8.4.6.2 China
8.4.6.2.1 Key market trends, growth factors and opportunities
8.4.6.2.2 Market size and forecast, by Polymer
8.4.6.2.3 Market size and forecast, by Type
8.4.6.2.4 Market size and forecast, by Functionality
8.4.6.2.5 Market size and forecast, by End User
8.4.6.3 India
8.4.6.3.1 Key market trends, growth factors and opportunities
8.4.6.3.2 Market size and forecast, by Polymer
8.4.6.3.3 Market size and forecast, by Type
8.4.6.3.4 Market size and forecast, by Functionality
8.4.6.3.5 Market size and forecast, by End User
8.4.6.4 Australia
8.4.6.4.1 Key market trends, growth factors and opportunities
8.4.6.4.2 Market size and forecast, by Polymer
8.4.6.4.3 Market size and forecast, by Type
8.4.6.4.4 Market size and forecast, by Functionality
8.4.6.4.5 Market size and forecast, by End User
8.4.6.5 South Korea
8.4.6.5.1 Key market trends, growth factors and opportunities
8.4.6.5.2 Market size and forecast, by Polymer
8.4.6.5.3 Market size and forecast, by Type
8.4.6.5.4 Market size and forecast, by Functionality
8.4.6.5.5 Market size and forecast, by End User
8.4.6.6 Thailand
8.4.6.6.1 Key market trends, growth factors and opportunities
8.4.6.6.2 Market size and forecast, by Polymer
8.4.6.6.3 Market size and forecast, by Type
8.4.6.6.4 Market size and forecast, by Functionality
8.4.6.6.5 Market size and forecast, by End User
8.4.6.7 Rest of Asia-Pacific
8.4.6.7.1 Key market trends, growth factors and opportunities
8.4.6.7.2 Market size and forecast, by Polymer
8.4.6.7.3 Market size and forecast, by Type
8.4.6.7.4 Market size and forecast, by Functionality
8.4.6.7.5 Market size and forecast, by End User
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Polymer
8.5.3 LAMEA Market size and forecast, by Type
8.5.4 LAMEA Market size and forecast, by Functionality
8.5.5 LAMEA Market size and forecast, by End User
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Key market trends, growth factors and opportunities
8.5.6.1.2 Market size and forecast, by Polymer
8.5.6.1.3 Market size and forecast, by Type
8.5.6.1.4 Market size and forecast, by Functionality
8.5.6.1.5 Market size and forecast, by End User
8.5.6.2 Saudi Arabia
8.5.6.2.1 Key market trends, growth factors and opportunities
8.5.6.2.2 Market size and forecast, by Polymer
8.5.6.2.3 Market size and forecast, by Type
8.5.6.2.4 Market size and forecast, by Functionality
8.5.6.2.5 Market size and forecast, by End User
8.5.6.3 South Africa
8.5.6.3.1 Key market trends, growth factors and opportunities
8.5.6.3.2 Market size and forecast, by Polymer
8.5.6.3.3 Market size and forecast, by Type
8.5.6.3.4 Market size and forecast, by Functionality
8.5.6.3.5 Market size and forecast, by End User
8.5.6.4 North Africa
8.5.6.4.1 Key market trends, growth factors and opportunities
8.5.6.4.2 Market size and forecast, by Polymer
8.5.6.4.3 Market size and forecast, by Type
8.5.6.4.4 Market size and forecast, by Functionality
8.5.6.4.5 Market size and forecast, by End User
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Key market trends, growth factors and opportunities
8.5.6.5.2 Market size and forecast, by Polymer
8.5.6.5.3 Market size and forecast, by Type
8.5.6.5.4 Market size and forecast, by Functionality
8.5.6.5.5 Market size and forecast, by End User
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 L'Air Liquide S. A.
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Aquadry Pharma Pvt. Ltd.
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Aries Exim Pvt. Ltd.
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Ashland Global Holdings, Inc.
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 biogrund gmbh
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Coatings Place, Inc.
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 Colorcon, Inc.
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 DuPont de Nemours, Inc.
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Eastman
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 evonik industries ag
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
10.11 ideal cures pvt. ltd.
10.11.1 Company overview
10.11.2 Company snapshot
10.11.3 Operating business segments
10.11.4 Product portfolio
10.11.5 Business performance
10.11.6 Key strategic moves and developments
Executive Summary
According to this report, titled, 'Tablet Coatings Market,' the tablet coatings market size was valued at $2.2 billion in 2021, and is estimated to reach $4.1 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031. Tablet coatings is a process by which an outer, essentially dry layer of coating material is applied to a surface of the dosage form. This helps confer specific benefits to drugs over uncoated drug forms. Coatings may be applied to oral dosage drug forms such as powders, particles, granules, pellets, and crystals. With time, tablet coatings have become much more advanced. The tablet coating is employed to improve the mechanical resistance of the tablet, and to protect against the gastric environment.There are three main types of tablet coating: sugar coating, film coating, and enteric coating. Various classes of pharmaceutical coating polymer, which include cellulosic, vinyl, and acrylic, are used in tablet coating depending on the requirement of drug release. Compliance with good manufacturing practices (GMP) is facilitated. The availability and development of new tablet coating materials and better equipment designs contribute toward the launch of improved products.
Growth of the tablet coatings market share is majorly driven by a surge in the prevalence of chronic diseases such as diabetes, inflammatory bowel diseases, ulcer, and asthma that require sustained release and delayed release of drugs for desired therapeutic action. In addition, the surge in the geriatric population who are unable to remember taking a dose after a particular interval of time, and are more vulnerable to chronic diseases has increased the demand for sustained-release tablets and drives the growth of the tablet coating market.
For instance, according to the International Diabetes Federation (IDF) Atlas Tenth edition 2021, approximately 537 million adults (20-79 years) are living with diabetes. More than 1.2 million children and adolescents (0-19 years) are living with type 1 diabetes, 541 million adults are at increased risk of developing type 2 diabetes, and 1 in 6 live births (21 million) are affected by diabetes during pregnancy.
The rise in availability of sustained-release and delayed-release tablets using tablet coating for the treatment of diabetes, heart disease, arthritis, ulcer, asthma, and other various diseases drive the growth of the tablet coating market.
For instance, Mesalamine delayed-release tablet is used to treat mild to moderate ulcerative colitis; Lornoxicam Sustained release tablet 16 mg is used for arthritis; Acebrophylline Sustained release tablets 200 mg is used to treat asthma and chronic obstructive pulmonary disorder; Metformin Hydrochloride sustained release tablet is used to treat diabetes; Aceclofenac Sustained release tablet IP 200mg is used for rheumatoid arthritis, ankylosing spondylitis, and osteoarthritis; Progesterone Sustained release tablets 200 mg is used to restore menstrual cycles and Paracetamol Sustained release tablets 1000mg for body ache, fever.
In addition, the high adoption of technologically advanced equipment for tablet coating, and an increase in awareness toward the benefits of using tablet coatings in the effective treatment of diseases fuel the growth of the tablet coating market.
Initially the COVID-19 outbreak had a negative impact on the tablet coatings market due to the potential risks associated with COVID 19 and restrictions implemented by governments throughout the globe. However, COVID 19 has resulted in individuals to take more care of their lifestyle and dietary habits due to the risks associated with COVID 19. Hence, this has resulted in the increased adoption of vitamins, minerals and dietary supplements which has further boosted the market for tablet coatings market.
On the basis of polymer, the acrylic segment is expected to witness the highest CAGR during the forecast period, owing to an increase in the use of colon drug delivery systems and an increase in development and advancements in acrylic polymer.
On the basis of type, the enteric-coated segment is expected to witness the highest CAGR during the forecast period, owing to the rise in the prevalence of colitis, Inflammatory bowel disease, and the increase in awareness regarding the use of enteric coating for targeted drug delivery in emerging economies.
On the basis of functionality, the sustained release segment generated maximum revenue in 2021 and is expected to witness the highest CAGR during the forecast period, owing to the rise in the prevalence of diseases such as asthma, diabetes, and hypertension that require sustained and controlled release of the drug, and increase in awareness regarding use of sustained release formulation for the treatment of diseases.
On the basis of end-user, the pharmaceutical segment was the highest revenue contributor to the market in 2021 and is expected to witness the highest CAGR during the forecast period, owing to the rise in the prevalence of diseases, increase in a number of pharmaceutical industries, and increase in a number of geriatric populations. The rise in healthcare expenditure also boosts the Tablet Coatings Market growth of the pharmaceutical segment in the tablet coatings market.
Depending on the region, Asia-Pacific is expected to witness the highest CAGR during the forecast period, owing to a surge in geriatric populations who require more sustained-release tablets for diseases and a rise in awareness regarding the use of tablet coatings for delayed release.
KEY FINDINGS OF THE STUDY
On the basis of polymer, the cellulosic segment held the largest share of the tablet coatings market in 2021.A few of the tablet coatings market trends include increased utilization of coated tablets, especially for children to cover the pungent smell of drugs used in the tablets coupled with sugar coating.
On the basis of type, the film coated segment held the largest share of the tablet coatings industry in 2021.
By functionality, the sustained release segment held the largest share of the tablet coatings market in 2021.
On the basis of end-user, the pharmaceutical segment held the largest market share in 2021.
On the basis of region, North America held the largest market share in 2021.
Companies Mentioned
- L'air Liquide SA
- Aquadry Pharma Pvt. Ltd.
- Aries Exim Pvt. Ltd.
- Ashland Global Holdings, Inc.
- Biogrund GmbH
- Coatings Place, Inc.
- Colorcon, Inc.
- Dupont De Nemours, Inc.
- Eastman
- Evonik Industries AG
- Ideal Cures Pvt. Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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