Tablet Coatings Market Size to Surpass USD 4.1 billion by 2031 at 6.6% CAGR - Report by Allied Market Research (AMR)

How big will be the global tablet coatings market in 2031?

The tablet coatings market size was valued at $2.2 billion in 2021, and is estimated to reach $4.1 billion by 2031, growing at a CAGR of 6.6% from 2022 to 2031.

CAGR: 6.6%
Current Market Size: USD 2.2 Billion
Forecast Growing Region: APAC
Largest Market: North America
Projection Time: 2022 - 2031
Base Year: 2021

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What is tablet coating process?

Tablet coating is a process by which an essentially dry, outer layer of coating material is applied to the surface of a dosage form in order to confer specific benefits over uncoated variety. Coatings may be applied to various oral dosage forms such as particles, powders, granules, crystals, pellets and tablets.

The tablet coatings market is expected to gain traction during the forecast period owing to its increased utilization in dietary supplements and the need for enteric-coated tablets to protect the stomach lining from side effects such as nausea, irritation, and bleeding.

Growth of the tablet coatings market share is majorly driven by a surge in the prevalence of chronic diseases such as diabetes, inflammatory bowel diseases, ulcer, and asthma that require sustained release and delayed release of drugs for desired therapeutic action. In addition, the surge in the geriatric population who are unable to remember taking a dose after a particular interval of time, and are more vulnerable to chronic diseases has increased the demand for sustained-release tablets and drives the growth of the tablet coating market.

Covid-19 Scenario

The outbreak of the Covid-19 pandemic had a negative impact on the global tablet coatings market, as huge number of medical college and hospital across the globe were restructured to increase the hospital capacity for patients diagnosed with COVID-19.

Outpatient department (OPD) for patients took a potential backlog due to rapidly rising COVID-19 cases.

However, the market is expected to gain traction post-pandemic, owing to the increase in update of dietary supplements and other essential tablets.

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North America to maintain its dominance by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, accounting for more than one-third of the global tablet coatings market, and is likely to dominate the market during the forecast period, owing to the presence of a well-established healthcare infrastructure, high purchasing power, and a rise in the adoption rate of coated tablet. However, the Asia-Pacific region is expected to witness the fastest CAGR of 7.2% from 2022 to 2031, owing to a surge in geriatric populations who require more sustained-release tablets for diseases and a rise in awareness regarding the use of tablet coatings for delayed release.

Leading 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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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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