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Tablet Coatings Market worth $3.98 billion by 2030, growing at a CAGR of 8.24% - Exclusive Report by 360iResearch
Tablet Coatings Market | 360iResearch
The Global Tablet Coatings Market to grow from USD 2.11 billion in 2022 to USD 3.98 billion by 2030, at a CAGR of 8.24%.
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The tablet coatings market focuses on the application of a thin layer, or coating, to solid oral dosage forms such as tablets. The tablet coating serves various purposes including improving the tablet's appearance, masking unpleasant tastes or odors, providing protection from environmental elements, controlling drug release rates, and enhancing the tablet's mechanical strength. The increasing prevalence of chronic diseases globally necessitates advancements in pharmaceutical formulations, including sophisticated coating technologies that influence the market growth. Furthermore, the growing consumer demand for aesthetically appealing tablets with improved palatability and swallowability is driving innovations in coating solutions. Despite the promising growth prospects, the tablet coatings market faces several challenges. The cost and complexity of developing advanced coatings that comply with stringent regulatory standards can be prohibitive for some manufacturers. Environmental concerns related to the disposal of coating materials and the use of solvents in some coating processes pose sustainability challenges. Additionally, the advent of natural and organic coating materials aligns with the rising trend of clean-label pharmaceuticals, presenting new opportunities for market expansion. Integrating digital and smart technologies in coating processes for quality control represents a forward-looking research avenue with vast potential.
The Americas, particularly the United States and Canada, represent a mature market for tablet coatings, characterized by high demand for advanced pharmaceutical products and a strong emphasis on regulatory compliance. The United States has a strong presence of several large pharmaceutical companies, showing a trend towards innovative, patient-centric formulations that offer improved therapeutic outcomes and patient compliance. In the European Union, stringent regulatory standards guide the pharmaceutical coating industry, with a significant focus on patient safety and environmental sustainability. Ongoing research in the EMEA region often focuses on controlled-release coatings and the development of barrier coatings that enhance shelf life and drug efficacy. The Middle East and Africa region are witnessing rising healthcare expenditures and growing awareness about generic pharmaceuticals. Investments in the region are geared towards establishing local manufacturing capabilities to reduce dependency on imported drugs, which, in turn, drives demand for tablet coating technologies. The Asia Pacific region, led by countries such as China, Japan, and India, exhibits a rapidly growing demand for pharmaceuticals due to its large population base, increasing healthcare expenditures, and rising awareness about healthcare. Specifically, in China and India, the surge in generic pharmaceutical products has significantly contributed to the growth of the tablet coatings market.
Market Segmentation & Coverage:
This research report categorizes the Tablet Coatings Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Polymer Type, market is studied across Acrylic Polymers, Cellulosic Polymers, and Vinyl Derivatives. The Vinyl Derivatives is projected to witness significant market share during forecast period.
Based on Type, market is studied across Enteric-coated Tablets, Film-coated Tablets, Gelatin-coated Tablets, and Sugar-coated Tablets. The Film-coated Tablets commanded largest market share of 33.49% in 2022, followed by Enteric-coated Tablets.
Based on Functionality, market is studied across Functional Modifying Coatings and Functional Non-modifying Coatings. The Functional Non-modifying Coatings commanded largest market share of 58.30% in 2022, followed by Functional Modifying Coatings.
Based on End User, market is studied across Nutraceutical Industry and Pharmaceutical Industry. The Pharmaceutical Industry commanded largest market share of 74.50% in 2022, followed by Nutraceutical Industry.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.14% in 2022, followed by Asia-Pacific.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Tablet Coatings Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Tablet Coatings Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Tablet Coatings Market, highlighting leading vendors and their innovative profiles. These include Air Liquide S.A., Amgen Inc., Aquadry Pharma Pvt. Ltd., Aries Exim Pvt. Ltd., Ashland Global Holdings Inc., Biogrund GmbH, Coating Place, Inc., Colorcon, Inc., DuPont De Nemours, Inc., DVA International GmbH, Eastman Chemical Company, Evonik Industries AG, GFR Pharma Ltd., GMP Laboratories of America, Inc., JRS PHARMA GmbH & Co. KG, Kerry Group PLC, Merck KGaA, Neha Life Science Private Limited, Roquette Frères S.A., Sensient Technologies Corporation, Spectrum Chemical Mfg. Corp., Spraycel Coatings, Spraying Systems Co., The Lubrizol Corporation, UPM Pharmaceuticals, Inc., and Wincoat Colours & Coatings Pvt. Ltd..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Tablet Coatings Market, by Polymer Type
7. Tablet Coatings Market, by Type
8. Tablet Coatings Market, by Functionality
9. Tablet Coatings Market, by End User
10. Americas Tablet Coatings Market
11. Asia-Pacific Tablet Coatings Market
12. Europe, Middle East & Africa Tablet Coatings Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Tablet Coatings Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Tablet Coatings Market?
3. What is the competitive strategic window for opportunities in the Tablet Coatings Market?
4. What are the technology trends and regulatory frameworks in the Tablet Coatings Market?
5. What is the market share of the leading vendors in the Tablet Coatings Market?
6. What modes and strategic moves are considered suitable for entering the Tablet Coatings Market?
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