Global Tablet Coatings Market Overview:
According to SPER Market Research, the Tablet Coatings market estimated to reach USD 1226 million by 2030 with a CAGR of 5.2%. The growing of pharmaceutical industry coupled with the increasing R&D activities, the generics market, rapidly growing biopharmaceuticals sector, Nutraceutical industry, and adoption of orphan drugs are the major factors of Growth in this Tablet coatings market.
Impact of COVID-19 on the Tablet Coatings Market
The impetus to the pharmaceutical and Nutraceutical market came from COVID-19. Now, there is a high demand for pharmaceutical products to treat COVID-19. This will boost the demand for products such as tablet coating excipients. The production and use of unlicensed drugs are going to increase in the upcoming years. This is likely to drive the demand for tablet coatings.
Scope of the report:
| Report Metric | Details |
| Market size available for years | 2019-2030 |
| Base year considered | 2021 |
| Forecast period | 2022-2030 |
| Segments covered | By type of polymer, By Types, By Utility, By End User |
| Geographies covered | North America, Europe, APAC, Latin America, and the Middle East & Africa |
| Companies Covered | Air Liquide S.A., Aquadry Pharma Pvt. Ltd., Aries Exim Pvt. Ltd., Ashland Global Holdings Inc., BASF SE, Biogrund GmbH, Coating Place, Inc., Colorcon Inc. , Corel Pharma Chem, DuPont De Numeours Inc. ,Eastman Chemical Company , Evonik Industries AG , Ideal Cures Pvt. Ltd. , Kerry Group plc, Lubrizol Corporation, Merck KGaA , Roquette Freres, Sensient Technologies Corporation, Spectrum, Chemical Mfg. Corp., Wincoat Colours & Coatings Pvt. Ltd. |
Driver: Surge in the generic market
This is due to a large number of drugs going off-patent and healthcare reforms favouring generics gaining toehold globally, the lower cost of generic drugs, similar therapeutic effectiveness, and safety profiles as their branded counterparts.
Challenge: Changing trade policies between countries
The unfavourable drug price control policies, changing trade policies among countries are the challenges for the pharmaceutical industry so as the excipients industry. The high cost in the microencapsulation process, increasing safety & quality concerns, increasing penetration of counterfeit drugs, and alcohol dose-dumping of sustained-release dosages pose significant challenges to the growth of this market.
Opportunities: Rising focus on sports nutrition
The healthy living and fitness leads to focus on sports nutrition and the technological advancements, is going to boost the oral formulations market in the coming years so as supporting the growth of the tablet coatings market.
Tablet Coatings Market Segmentation:
By Types of Polymer: Based on the types of polymer used, Tablet Coatings Market is segmented as; Cellulosic Polymers, Vinyl Derivatives, Acrylic Polymers, Other Polymers.
By Type: Based on the types, Tablet Coatings Market is segmented as; Film-coated tablets, Sugar-coated tablets, Enteric-coated tablets, Gelatin-coated tablets, other tablet coatings.
By utility: Based on the utility, Tablet Coatings Market is segmented as; Non-functional non-modifying coatings, Functional modifying coatings, Functional non-modifying coatings.
By End Users: Based on the End Users, Tablet Coatings Market is segmented as; Pharmaceutical Industry, Nutraceutical Industry.
By Region: Europe has the largest share of the tablet coatings market, followed by North America, the Asia Pacific, Latin America, and the Middle East & Africa. The largest share of Europe is due to the presence of number of pharmaceutical giants, hub of geriatric population, large production capacities.
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges
4.3. COVID-19 Impact on the global Tablet Coatings Market
4.4. Market Trends
5. Global Tablet Coatings Market, By Types of Polymer, 2019-2030 (USD Million)
5.1. Cellulosic Polymers
5.2. Vinyl Derivatives
5.3. Acrylic Polymers
5.4. Other Polymers
6. Global Tablet Coatings Market, By Type, 2019-2030 (USD Million)
6.1. Film-coated tablets
6.2. Sugar-coated tablets
6.3. Enteric-coated tablets
6.4. Gelatin-coated tablets
6.5. Other tablet coatings
7. Global Tablet Coatings Market, By utility, 2019-2030 (USD Million)
7.1. Non-functional non-modifying coatings
7.2. Functional modifying coatings
7.3. Functional non-modifying coatings
8. Global Tablet Coatings Market, By End Users, 2019-2030 (USD Million)
8.1. Pharmaceutical Industry
8.2. Nutraceutical Industry
9. Global Tablet Coatings Market, by Region, 2019-2030 (USD Million)
9.1. North America
9.1.1. US
9.1.2. Canada
9.2. Europe
9.2.1. France
9.2.2. Germany
9.2.3. Italy
9.2.4. Rest of Europe
9.2.5. Spain
9.2.6. Switzerland
9.2.7. UK
9.3. Asia Pacific
9.3.1. Australia
9.3.2. China
9.3.3. India
9.3.4. Japan
9.3.5. Rest of APAC
9.3.6. South Korea
9.4. Latin America
9.4.1. Brazil
9.4.2. Mexico
9.4.3. Rest of Latin America
9.5. Middle East & Africa
9.5.1. Saudi Arabia
9.5.2. UAE
9.5.3. Rest of Middle East & Africa
10. Competitive Landscape
10.1. Introduction
10.2. Market Share Analysis, By Key Players
10.3. Competitive Scenario
10.3.1. Product Launches
10.3.2. Partnerships, Collaborations and Agreements
10.3.3. Acquisitions
10.3.4. Expansions
10.3.5. Other Developments
11. Company Profiles
11.1. Air Liquide S.A.
11.2. Aquadry Pharma Pvt. Ltd.
11.3. Aries Exim Pvt. Ltd.
11.4. Ashland Global Holdings Inc.
11.5. BASF SE
11.6. Biogrund GmbH
11.7. Coating Place, Inc.
11.8. Colorcon Inc.
11.9. Corel Pharma Chem
11.10. DuPont De Numeours Inc.
11.11. Eastman Chemical Company
11.12. Evonik Industries AG
11.13. Ideal Cures Pvt. Ltd.
11.14. Kerry Group plc
11.15. Lubrizol Corporation
11.16. Merck KGaA
11.17. Roquette Freres
11.18. Sensient Technologies Corporation
11.19. Spectrum Chemical Mfg. Corp.
11.20. Wincoat Colours & Coatings Pvt. Ltd.
12. Appendix
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
