Tablet Coatings Market - Trends Forecast Till 2028

Market Overview

Global Tablet Coatings Market is anticipated to reach USD 971 million by 2021 and growing at a CAGR of 5.9% during the forecasting period, 2021-2028. 

The shifting focus of pharmaceutical manufacturing to emerging markets along with the increasing outsourcing of operations to these countries and the growing biologics and biosimilars industry presents significant opportunities for market growth. The rising focus on sports nutrition and the technological advancements taking place in niche market areas also offers significant growth opportunities for players operating in this space.

Growth in this market is majorly driven by the growing pharmaceutical industry coupled with the increasing R&D activities taking place in this field. Also, the growing generics market, rapidly growing biopharmaceuticals sector, growing nutraceutical industry, and the rising adoption of orphan drugs are supporting the growth of the market.

Key Findings

The Global Tablet Coatings market is segmented into Polymer, Functionality, Type, End-User, and Geography.

Polymer segment is segmented into Cellulosic, Vinyl, and Acrylic.

Functionality segment is segmented into Delayed Release, Sustained Release

Type is segmented into Sugar Coated, Film Coated, Enteric Coated

End-User is segmented into Pharmaceutical, Nutraceutical

Geographically, global Tablet Coatings is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America and insights are provided for each region and major countries within the regions.

Competitive Landscape

Key players in the global Tablet Coatings market are Colorcon Inc., Sensient Technologies Corporation, BASF SE, Evonik Industries AG, Ashland Global Holdings Inc., DuPont De Numeours Inc., Kerry Group plc, Roquette Freres, Eastman Chemical Company, Air Liquide S.A., and Merck KGaA.

Recent Developments

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

• In April 2019, Colorcon Inc. expanded its coating portfolio by adding a range of modified release products of DuPont's Aquacoat technology. The product line includes Aquacoat ECD, colloidal dispersion of ethylcellulose polymer for sustained release. The coatings will be used in both pharmaceutical and nutritional solid dose applications.

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Tablet Coatings   so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope