Tablet Coatings Market By Polymer (Cellulosic, Vinyl, Acrylic), By Type (Sugar Coated, Film Coated, Enteric Coated, Gelatin-coated), By Functionality (Delayed-Release, Sustained Release), By End User (Pharmaceutical, Nutraceutical): Global Opportunity Ana

Tablet Coatings Market By Polymer (Cellulosic, Vinyl, Acrylic), By Type (Sugar Coated, Film Coated, Enteric Coated, Gelatin-coated), By Functionality (Delayed-Release, Sustained Release), By End User (Pharmaceutical, Nutraceutical): Global Opportunity Analysis and Industry Forecast, 2021-2031

Tablet coating is the process of coating a tablet's surface with a coating material to achieve the desired properties of dosage form over the uncoated tablet. The tablet coating is done to mask the color, odor, or taste of the tablet, to incorporate another drug to fight the side effects of the original drugs, to enhance the expiration date, encapsulate the tablet with a smooth surface, to protect the gastric environment of the human body, and to control the release of the drug in the human body. The tablet coating is also used for improving product stability, and to increase the release properties of drugs.

Coating of the tablet is done by using cellulosic polymer (hydroxypropyl methylcellulose, hydroxypropyl cellulose, hydroxyethyl cellulose, methylcellulose, and sodium carboxymethyl cellulose), vinyl polymer (polyvinyl pyrrolidone, polyvinyl pyrrolidone-polyvinyl acetate copolymers, and polyvinyl alcohol), and acrylic polymers (Eudragit). Tablet coatings are required for producing delayed-release tablets, and sustained-release tablets. There are various types of tablet coatings, used in the pharmaceutical industry including sugar-coated, film-coated, and enteric-coated for achieving desired pharmacological action. Producing medical tablets with a coating has become more popular in the pharmaceutical industry nowadays.

Major factors driving the growth of the tablet coatings market include a rise in technological advancements in the equipment of tablet coating, an increase in the prevalence rate of chronic diseases such as heart diseases, cancer, ischemic stroke, and aneurysm, which required sustained and delayed release of drug, propel high adoption of tablet coatings for desired pharmacological action at particular interval of time. For instance, nitroglycerin sustained-release tablets (used for angina, and coronary artery disease) are available in the market under the brand name NIPTRO.

For instance, according to World Health Organization, Cardiovascular diseases (CVDs) are the leading cause of death globally, taking an estimated 17.9 million lives each year. It has been estimated in 2020 that around 17.9 million people die each year from CVDs, an estimated 31% of all deaths worldwide. According to the National Center for Health Statistics, every year, about 805,000 people in the U.S. have a heart attack. This led to increasing demand for sustained-release tablets for cardiac disease.

However, unfavorable reimbursements as well as complications such as high costs associated with coated tablets in comparison to conventional tablets are expected to hamper the market growth. On the contrary, unmet medical demands in developing countries and lucrative opportunities in emerging economies are expected to create huge opportunities for fibrin sealant manufacturers worldwide in the future.

Furthermore, the healthcare business is projected to witness growth, owing to a rise in surgeries such as heart bypass surgery, cancer surgeries, solid tumor surgeries, neurothrombectomy, and organ transplant surgeries, and a rise in awareness regarding the use of tablet coatings for controlling the release of drug. This is anticipated to offer remunerative opportunities for key players to invest in the market during the forecast period.

In addition, an increase in R&D investments in the discovery & development of advanced tablet coatings, an increase in tablet coatings-assisted clinical research studies, a significant rise in capital income in developed countries, and a rise in key strategies adopted by key players such as acquisition, collaboration, and agreement strengthen the demand for tablet coatings in the market.

For instance, in October 2020, Evonik launched EUDRAGIT ready-to-use powder premix to improve the processing, appearance, and swallowability of oral drug products with an immediate release profile. EUDRAGIT IR ReadyMix White is fast and easy to process, with a high-gloss coating delivering an elegant optical appearance and superior swallowability outcomes.

The tablet coatings market is segmented on the basis of polymer, type, functionality, end user, and region. On the basis of polymer, the market is classified into cellulosic, vinyl, and acrylic. On the basis of type, the market is classified into sugar-coated, film-coated, enteric-coated, and gelatin-coated tablets, On the basis of functionality, it is classified into delayed-release, and sustained-release. Depending on the end user, it is fragmented into pharmaceutical, and nutraceutical. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and the rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, Thailand and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, North Africa, Saudi Arabia, and rest of LAMEA).

Major players profiled in the report are 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, and Ideal Cures Pvt. Ltd.

Key Benefits For Stakeholders

Market research is offered along with information related to key drivers, restraints, and opportunities.

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tablet coatings market analysis from 2021 to 2031 to identify the prevailing tablet coatings market opportunities.

Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.

An in-depth analysis of the tablet coatings market segmentation assists to determine the prevailing market opportunities.

Major countries in each region are mapped according to their revenue contribution to the global market.

Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.

The report includes the analysis of the regional as well as global tablet coatings market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Polymer

Cellulosic
Vinyl
Acrylic

By Type

Sugar Coated
Film Coated
Enteric Coated
Gelatin-coated

By Functionality

Delayed-Release
Sustained Release

By End User

Pharmaceutical
Nutraceutical

By Region

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

Key Market Players

L'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.

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