Tablet Coatings Market - Global Industry Analysis

Tablet Coatings Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-6399 Status : Upcoming

Description

Global Tablet Coatings Market: Overview

Tablet coating is a process of applying a layer of thin polymer-based material to pharmaceutical products which are in the form of granules or tablets. The tablet coating caters to a large number of purposes. The coating of exteriors of pharmaceutical tablets controls and manages the release profiles. It helps in preventing drug-induced irritation at the GI site, improves the stability of the profile material, prevents undesirable chemical reactions, orders masking, and task masking. The tablet coating also enhances the taste of the tablet. The major objective of the coating process is to develop tablets with desirable visual profiles and functionality.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Tablet Coatings Market: Growth Factors

One of the major factors driving the growth of the global tablet coatings market is the rapidly proliferating pharmaceutical sector all across the globe. Moreover, the increasing research and development activities in the sector to innovate new and innovative drugs are posing a huge demand for tablet coating globally. Nowadays, there is a significant growth in the generics market along with the flourishing nutraceutical and biopharmaceutical sector, which in turn is further complementing the growth of the global tablet coatings market. However, the wide adoption of orphan drugs will significantly propel the growth in demand for tablet coating. In addition, the increasing concentration of pharmaceutical manufacturing to serve the emerging markets globally along with outsourcing the major operations to developing countries will also accentuate the scope of tablet coating. These days, healthcare professionals are realizing the importance of biosimilars and biologics in the medical sector which is likely to make major transformations in the tablet coating industry.

Global Tablet Coatings Market: Segmentation

The global tablet coatings market can be segmented into end-user, type, functionality, polymer, and region.

By end-user, the market can be segmented into the nutraceutical and pharmaceutical industry. The pharmaceutical segment accounts for the largest share in the global tablet coatings market. The growth in demand for tablet coating in the pharmaceutical segment can be attributed to the large number of drugs being launched as tablet formulations along with the increasing prevalence of diseases that require tablet base formulations.

By type, the market can be segmented into gelatin-coated, enteric-coated, sugar-coated, film-coated, and other coated tablets. The film-coated tablet segment holds the largest share in the global tablet coatings market due to the high resistance to mechanical influences when compared to traditional ones. These film coated tablets also reap the best benefits out of short processing and offer several other benefits.

By functionality, the global tablet coatings market can be segmented into non-modified coating, functionally modified coating, and non-functional non-modifying coatings. The non-functional non-modifying coatings segment holds hegemony over others due to the high adoption of these coatings for the manufacturing of immediate release dosage forms.

By polymer type, the market can be segmented into acrylic, vinyl derivatives, cellulose, and other polymers.

Global Tablet Coatings Market: Regional analysis

Europe accounts for the largest share in the global tablet coatings market due to the presence of prominent market players with high production capacities in the region. Also, the increasing emphasis of key leaders on superior biosimilar, generic, and other pharmaceutical products to boost the demand for novel excipients is likely to bolster the growth of the regional market in forthcoming years.

North America is anticipated to witness huge growth in forthcoming years due to the ongoing innovations in the region in the medical sector.

Global Tablet Coatings Market: Competitive Players

Some of the significant players in the global tablet coatings market are Aries Exim Pvt. Ltd., Aquadry Pharma Pvt. Ltd., Lubrizol Corporation, Coating Place, Inc., Spectrum Chemical Mfg. Corp., Wincoat Colours & Coatings Pvt. Ltd., Ideal Cures Pvt. Ltd., Biogrund GmbH, Corel Pharma Chem, Merck KGaA, Air Liquide S.A., Eastman Chemical Company, Roquette Freres, Kerry Group plc, DuPont De Nemours Inc., Ashland Global Holdings Inc., Evonik Industries AG, BASF SE, Sensient Technologies Corporation, and Colorcon Inc.

Global Tablet Coatings Market: Regional Segment Analysis

  • 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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

One of the major factors driving the growth of the global tablet coatings market is the rapidly proliferating pharmaceutical sector all across the globe. Moreover, the increasing research and development activities in the sector to innovate new and innovative drugs are posing a huge demand for tablet coating globally. Nowadays, there is a significant growth in the generics market along with the flourishing nutraceutical and biopharmaceutical sector, which in turn is further complementing the growth of the market.

Some of the significant players in the global tablet coatings market are Aries Exim Pvt. Ltd., Aquadry Pharma Pvt. Ltd., Lubrizol Corporation, Coating Place, Inc., Spectrum Chemical Mfg. Corp., Wincoat Colours & Coatings Pvt. Ltd., Ideal Cures Pvt. Ltd., Biogrund GmbH, Corel Pharma Chem, Merck KGaA, Air Liquide S.A., Eastman Chemical Company, Roquette Freres, Kerry Group plc, DuPont De Nemours Inc.

 

Europe accounts for the largest share in the global tablet coatings market due to the presence of prominent market players with high production capacities in the region. Also, the increasing emphasis of key leaders on superior biosimilar, generic, and other pharmaceutical products to boost the demand for novel excipients is likely to bolster the growth of the regional market in forthcoming years.

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