Tablets Coatings Market by Polymer Type (Cellulosic, Vinyl, Acrylic, and Others), Type (Sugar Coated, Film Coated, Enteric Coated, and Others), End User (Pharmaceutical, and Nutraceutical): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026773 | Pages: 100 | Industry: Chemicals and Materials | Date: Oct 2022 | Type: Global

The Tablets Coatings Market crossed US$ 830 million mark in 2022 and is expected to hit US$ 1,315 million by 2030, recording a CAGR of 5.9% during the forecast period.

Growing demand for cellulosic polymer for tablet coatings drives the market's growth

Polymers derived from cellulosic are gaining popularity worldwide, owing to their significant acceptance in the pharmaceutical industry. The demand for cellulosic polymeric tablet coatings can be attributed to the high adoption of these polymers owing to the ability to form coatings are of good film strength, aqueous solubility, and compressibility, less sensitivity to wet granulation, flowability, and better tableting at a low price. Factors such as multinational regulatory acceptance and ready availability from several dealers also prompt the adoption of polymers for tablet coatings. The cellular polymer segment is expected to pace with the rising adoption in the pharmaceutical industry. Further, other segments such as vinyl, acrylic, and others are also expected to gain traction during the forecasted year.

Within the report, the market is segmented into polymer type, type, end user, and geography. by polymer type, the market is further segmented into cellulosic, vinyl, acrylic, and others. on the basis of type, the market is segmented into sugar-coated, film coated, enteric coated, and others. by end user, the market is categorized into pharmaceutical and nutraceutical. Geographically, the market is subsegmented into North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa.

Increasing investment in R&D activities encourages the adoption of tablet coatings for different drugs

The rise in the prevalence of various diseases encourages the pharmaceutical industry's production. The population is intensively adopting tablet-based treatments and formulations. Hence, the demand for tablet coatings in the pharmaceutical industry is driving the market's growth. Moreover, the increasing health consciousness among the young population has been surging the adoption of tablet-coated nutraceuticals to maintain their gut health. Additionally, the new drugs and formulations launched by the manufacturers generate incremental opportunities for tablet coatings in the global market. Therefore, manufacturers of pharmaceutical & nutraceutical tablet coatings are extensively investing in R&D activities to improve product quality, positively influencing the global tablet coatings market.

Growing adoption of cost-effective medications among the world population drives the tablet coatings market

Cost-effective medications own equivalent medicinal efficacy and safety attributes as their engraved replicas. Several governments are encouraging generic medicines, as many medications have gone off patents. Moreover, the rise in healthcare affordability and expenditure in emerging markets is expected to boost the sales volume of generic drugs during the forecast period. Therefore, it is anticipated to drive the global tablet coatings market during the forecast period. The pharmaceutical industry is encouraging the adoption of tablet coatings due to their associated benefits. Other industries, such as nutraceuticals, are also encouraging the use of tablet coatings owing to the ease of consumption.

 

Recent strategic developments in tablet coatings market

The tablet coatings market has undergone several significant developments, and a few of these have been mentioned below:

  • In In 2020, Colorcon launched the Acryl-EZE II film coating line, and the range has been covered by its enteric coatings.
  • In 2020, Evonik launched the EUDRATEC Fasteric releases, which provide enteric protection.
  • In 2019, Ashland announced the launch of Aquarius Nutra TF, which provides titanium oxide-based coating to tablets.
  • In 2019, Kerry Group opened its new facility in Bangalore, India, to serve the Taste & Nutrition business division.

 

The tablet coatings market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Colorcon Inc., Sensient Technologies Corporation, BASF SE, Evonik Industries AG, and Ashland Global Holdings Inc. are among the prominent players operating in the market.

Target audience for the report:

  • Raw material providers
  • Tablet coatings-related service providers
  • Tablet coatings-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Tablet coatings distributors and sales firms
  • End users of tablet coatings
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Polymer Type:
    • Cellulosic
    • Vinyl
    • Acrylic
    • Others
  • Type
    • Sugar Coated
    • Film Coated
    • Enteric Coated
    • Others
  • End User:
    • Pharmaceutical
    • Nutraceutical
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • South & Central America
    • Middle East & Africa
  • Companies profiled
    • Colorcon Inc.
    • Sensient Technologies Corporation
    • BASF SE
    • Evonik Industries AG
    • Ashland Global Holdings Inc.

 

The List of Companies
- Colorcon Inc.
- Sensient Technologies Corporation
- BASF SE
- Evonik Industries AG
- Ashland Global Holdings Inc.

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