Tablet coating is the process of applying a thin polymer-based layer to a tablet or granule containing active medicinal substances. Coating solid dosage forms serves several functions, the most important of which is managing release profiles. Tablets are usually coated in horizontal rotating pans, with the coating solution sprayed directly onto the free surface of the tablet bed. Tablet coating processes include sugar coating, film coating, and enteric coating.
Tablet Coatings Market Report Scope and Research Methodology:
The main goal of the Tablet Coatings Market report is to provide stakeholders with a comprehensive analysis of the market in simple language. Market research was conducted by segmenting the Tablet Coatings market into major segments. The Tablet Coatings Market’s main segments were further subdivided into various sub-segments. The report provides a detailed analysis of the Tablet Coatings industry’s drivers, opportunities, restraints, and challenges by region and segment. The market report includes historical data, meaningful insights, facts, and statistically supported and industry-validated market statistics, as well as estimates based on an appropriate set of assumptions and methodologies.
The data for the Tablet Coatings market report was collected using primary and secondary research methods, and the data was combined and analyzed to produce accurate and error-free results. The secondary research includes a review of leading players’ annual and financial reports, while the primary research includes interviews with key opinion leaders and Tablet Coatings industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The bottom-up approach was used to estimate the Tablet Coatings market size. The SWOT analysis was used to provide the Tablet Coatings Market’s strengths and weaknesses, while the PESTLE and PORTER analyses were used to provide the effects of macroeconomic and microeconomic factors on the Tablet Coatings Market.
Tablet Coatings Market Report Overview:
The report covers the most recent revenue and trends in the Tablet Coatings Market. It includes a market overview, definition, structure, as well as preventative and planned management. The report focuses on the factors that have a positive and negative impact on the Tablet Coatings Market. It also aids in determining the Tablet Coatings Market’s future potential in the forecast years. The report assists in making market-entry decisions and understanding the Tablet Coatings industry’s context.
Tablet Coatings Market size was valued at US$ 739 Mn. in 2020 and the total revenue is expected to grow at a CAGR of 5.8% through 2021 to 2027, reaching nearly US$ 1,096.59 Mn.
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Tablet Coatings Market Dynamics:
Tablet coatings market growth is being driven by the expanding pharmaceutical sector as well as increased R&D activity in this space. The growing generics market, the rapidly expanding biopharmaceuticals sector, the expanding nutraceutical industry, and the rising adoption of orphan medications all support the tablet coatings market. Furthermore, the burgeoning biologics and biosimilars industry, as well as the shift in pharmaceutical manufacturing focus to emerging markets and the increasing outsourcing of operations to these countries, present significant opportunities for market growth. The growing emphasis on sports nutrition, as well as technological advancements in niche markets, offer significant growth opportunities for businesses in this industry.
Tablet Coatings Market Segmentation:
The market is divided into four categories: cellulosic polymers, vinyl derivatives, acrylic polymers, and other polymers. Cellulosic polymers’ widespread acceptance may be attributed to their ability to produce coatings with generally acceptable properties such as high film strength, aqueous solubility, and compressibility, decreased sensitivity to wet granulation, flowability, and improved tableting at a reasonable cost. These polymers’ popularity for coating applications is influenced further by factors such as global regulatory acceptability and ready availability from a variety of vendors. These are the factors expected to drive the growth of the Cellulosic Polymers segment in the Tablet Coatings market between 2021 and 2027.
The market is divided into two segments based on the end user: pharmaceutical industry and nutraceutical industry. Demand for tablet coatings in the pharmaceutical industry is being driven by the increasing number of medications marketed as tablet formulations, as well as the rising prevalence of disorders for which tablet-based formulations are the primary treatment. Because of the increased demand for new drug delivery formulations, the pharmaceutical industry’s tablet coatings market is also expanding.
Tablet Coatings Market Key Players:
Colorcon Inc. (US)
Sensient Technologies Corporation (US)
BASF SE (Germany)
Evonik Industries AG (Germany)
Ashland Global Holdings Inc. (US)
DuPont De Numeours Inc. (US)
Kerry Group plc (Ireland)
Roquette Freres (France)
Eastman Chemical Company (US)
Air Liquide S.A. (France)
Merck KGaA (Germany)
Corel Pharma Chem (India)
Biogrund GmbH (Germany)
Ideal Cures Pvt. Ltd. (India)
Wincoat Colours & Coatings Pvt. Ltd. (India)
Tablet Coatings Market Regional Insights:
Geographically, the report is divided into several key countries, with Tablet Coatings market size, growth rate, import and export of Tablet Coatings market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Tablet Coatings Market Report are:
- Which segment held the largest share in the Tablet Coatings market?
- Which are the key factors driving the Tablet Coatings market growth?
- Which region holds the maximum share in the Tablet Coatings market?
- What is the expected CAGR of the Tablet Coatings market during the forecast period?
- Who are the major players in the Tablet Coatings market?
- What key trends are expected to emerge in the Tablet Coatings market in the coming years?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2027.
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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