According to SPER Market Research, the key drivers of growth in this Global Tablet Coatings Market are the expanding pharmaceutical business together with rising R&D expenditures, the generics market, the quickly expanding biopharmaceuticals industry, the nutraceutical industry, and the acceptance of orphan medications.
Many pharmaceuticals are losing their patent protection, healthcare policies favoring generics are becoming more widespread over the world, generic drugs are less expensive, have comparable therapeutic effectiveness, and have similar safety profiles to their branded counterparts.
Market Overview (2022-2030)
- Forecast CAGR (2022-2030): 5.2 %
- Forecast Market Size (2030): 1226 million
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Impact of COVID-19 on the Tablet Coatings Market:
COVID-19 provided the pharmaceutical and nutraceutical industries with a boost. To treat COVID-19, there is now a considerable demand for medicinal products. This will increase demand for goods like excipients for tablet coating. In the following years, there will be an increase in both medication production and use. It’s conceivable that this will increase demand for tablet coatings.
Tablet Coatings Market, By Types of Polymers:
- Vinyl derivatives.
- Acrylic polymers.
- Other polymers.
- And cellulosic polymers.
Tablet Coatings Market, By Type:
- Film-coated tablets.
- Sugar-coated tablets.
- Enteric-coated tablets.
- Gelatin-coated tablets.
- Other tablet coatings.
Tablet Coatings Market, By utility:
- Non-modifying non-functional coatings.
- Functional coatings that affect functionality or do not modify functionality.
Tablet Coatings Market, By End Users:
- Pharmaceutical Industry.
- Nutraceutical Industry.
Tablet Coatings Market, By Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Middle East & Africa
This research also includes important market drivers and restraints for the forecast period. The study also covers several developments potential.
Key Market Players:
The study provides data on the market by competitive landscape, revenue analysis, market segments, and in-depth evaluation of significant market players, including Air Liquide S.A., Aquadry Pharma Pvt. Ltd., Aries Exim Pvt. Ltd., Ashland Global Holdings Inc., BASF SE, Biogrund GmbH, and Coating Place, among others. Lubrizol Corporation, Merck KGaA, Roquette Freres, Sensient Technologies Corporation, Corel Pharma Chem, DuPont De Numeours Inc., Eastman Chemical Company, Evonik Industries AG, Ideal Cures Pvt. Ltd., Kerry Group plc, Colorcon Inc., Corel Pharma Chem, DuPont De Numeours Inc., DuPont De Numeours Inc., Wincoat Colours & Coatings Pvt.
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SPER Market Research study aims to provide market dynamics, demand, and supply with a yearly forecast for 2030. We have served over 20 industries, with core offerings in Pharmaceutical/Healthcare, Business to Business research (B2B), Nutraceuticals, Food & Beverages, cosmetics, Dermatology, Dental, Herbal, Chemical, Consumer, Information Technology, and other industries.
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