The global sustained release coatings market valuation was nearly 478 (USD Million) in 2019 and is estimated at 662 (USD Million) by 2025 recording a CAGR of nearly 6.6% over 2019-2025. The report offers estimation and analysis of the sustained release coatings market on a global as well as regional level. The study provides an in-depth assessment of the market competition, limitations, sales estimates, revenue forecasts, opportunities, current & emerging business trends, and industry-validated market figures. The report offers historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on value (USD Million).
Market Growth Dynamics
Changing competitive scenarios in the sustained release coatings industry has resulted in the creation of the new industry leaders who can execute different strategies than the incumbents to gain a huge chunk of market share. Furthermore, the new industry players will emphasize more on resource monetization and prioritize economic growth in contrast to incumbents who focus on shareholder or stakeholder value creating propositions. The new industry participants are focusing on rigorously exploring the growth potential of the market and increasing their sales through improvisation in marketing performance, management activities, economies of scale, and process innovations. This, in turn, will also lucratively influence the growth trajectory of the sustained release coatings industry over the forthcoming years.
Furthermore, incumbents in sustained release coatings business are focusing on sharpening their value propositions to maintain their foothold in the business and retain their positions in the competitive market. Apparently, firms are adopting new approaches to reduce GHG emissions as part of their corporate social responsibility and improve energy conservation, thereby contributing towards both environmental protection and energy savings. All these aforementioned factors will define the growth of the sustained release coatings industry over the upcoming years.
The new competitive dynamics, as well as market dynamics, are likely to influence the profit margins and market share of both the new market leaders as well as the incumbents. This, in turn, will impact the growth of the sustained release coatings market in the foreseeable future.
In addition to this, an increase in the demand for the product in the in vitro application across the countries of the Asia Pacific region will prompt the sustained release coatings market growth over the forecast period.
North American Market To Accrue Huge Gains Over 2019-2025
The growth of the regional market during the forecasting years can be attributed to the massive consumption of microencapsulated pills and capsules in the region. Apart from this, a huge presence of pharma behemoths in countries such as the U.S. and Canada is likely to make notable contributions towards the revenue of the North American market over the forecast timespan.
Key players profiled in the sustained release coatings market include Colorcon, Inc., Coating Place, Inc., BASF SE, and Evonik Industries AG.
The global sustained release coating market is segmented as follows:
By Application
- In Vitro
- In Vivo
By Polymer Material
- Ethyl & methyl cellulose
- Polyvinyl & cellulose acetate
- Methacrylic acid
- PEG
- Others
By Substrate
- Tablets
- Capsules
- Pills
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
