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Allied Market Research

Tablet Coatings Market by Polymer (Cellulosic, Vinyl, and Acrylic), Functionality (Delayed Release and Sustained Release), Type (Sugar Coated, Film Coated, and Enteric Coated), and End User (Pharmaceutical, Nutraceutical, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11539
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Aug 2021 | 104 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Tablet Coatings Market Statistics 2028 -

Tablet coating is a process by which an outer, essentially dry layer of coating material is applied to a dosage form’s surface; this helps confer specific benefits to drugs over uncoated drug forms. Tablet 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. 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.

Tablet-Coatings

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Segments Covered

  Polymer, Functionality, Type, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

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., Kerry Group Plc, Lubrizol Corporation, Merck KGaA, Roquette Freres, Spectrum Chemical Mfg. Corp., and Wincoat Colours & Coatings Pvt. Ltd.

 

COVID-19 Impact Analysis

COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industry industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the tablet coatings market.

Top Impacting Factors

The growth of the tablet coatings market is driven by increase in R&D activities in developing better tablet coatings coupled with the development of the pharmaceutical industry. In addition, the generics market is growing rapidly along with the neutraceutical and biopharmaceuticals sectors, which support the tablet coatings market growth.

Moreover, increase in outsourcing of operations and the shift of focus of pharmaceutical manufacturing to developing countries are offering significant opportunities for tablet coatings market growth. Furthermore, rise in focus on technological advancements and sports nutrition taking place in major market  areas also potential growth opportunities for the key players operating in the tablet coatings market. Sports nutrition deals with the science behind proper nutrition during exercise. With people focusing on their nutrition during exercise, the sale of nutraceuticals could grow.

On the other hand, regulatory stringency regarding the approval of excipients and drugs is increasing day by day with the time-intensive and cost development process. In addition, high cost is associated with the microencapsulation process, which acts as a key restraint of the market. Furthermore, with increase in penetration of counterfeit drugs and rise in quality concerns, the market is anticipated to witness significant growth during the forecast period.

Key Market Trends

Cellulosic polymers are often used in manufacturing tablet coatings. This polymers segment has a large share owing to commendable properties such as less sensitivity to wet granulation, high aqueous solubility, good film strength, and better tableting at a lower price.

The nonfunctional and non-modifying tablet coatings segment is also crucial  because these coatings are often used to prepare immediate-release dosage forms. In addition, these coats offer high protection against moisture and light. Nonfunctional and non-modifying tablet coatings are easy to identify, exhibit taste masking & mechanical strength, and are also easy to handle.

Currently, film-coated tablets are in demand, as they have shorter processing times. Thin coats of film-coated tablets can be obtained in a shorter time when compared to other coating types. Film-coated tablets further add functional properties to tablets and have high resistance to mechanical influences.

Key Segments Covered

Segment

Subsegment

  Polymer

  • Cellulosic
  • Vinyl
  • Acrylic

  Functionality

  • Delayed-Release
  • Sustained Release

  Type

  • Sugar Coated
  • Film Coated
  • Enteric Coated

  End User

  • Pharmaceutical
  • Nutraceutical
  • Others

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the tablet coatings industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the tablet coatings market share.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the tablet coatings market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed tablet coatings market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Global Tablet Coatings Market Report

  • Which are the leading players active in the tablet coatings market?
  • How is each segment of the market expected to grow during 2021–2028?
  • What are the adoption trends for tablet coatings in emerging economies and established economies across the world?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is tablet coating?
  • What is tablet coatings market prediction in the future?
  • What are the current trends and predicted trends?
 
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