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23-Aug-2023

Tablet coatings market Size Growing at 6.6% CAGR, Set to Reach USD 4.1 Billion By 2031, Exclusive Report

How big is the coatings industry market? According to the report, the global tablet coatings industry generated $2.2 billion in 2021, and is anticipated to generate $4.1 billion by 2031, witnessing a CAGR of 6.6% from 2022 to 2031.

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The global class D audio amplifier market report summarizes market developments, competitor analysis, and future market and technological predictions. The report also assists the major market players in increasing their market share and maintaining their competitive position in the sector. It does this by highlighting the global tablet coatings market from 2022 to 2031.

Additionally, it offers a qualitative analysis of a range of factors, such as the strategies employed by significant rivals, implicit possibilities, immediate impact on market size, regulatory framework, and economic influence. Significant investments are also included in the market research, on which stakeholders can base their CAGR and relative tablet coatings market
shares.

Research Methodology

The research operandi of the global tablet coatings market includes significant primary as well as secondary research. When the primary methodology encompasses widespread discussion with a plethora of valued participants, the secondary research involves a substantial amount of product/service descriptions. Furthermore, several government sites, industry bulletins, and press releases have also been properly examined to bring forth high-value industry insights.

Market Segmentation:

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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Regional Growth Dynamics

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.

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Key Benefits for Stakeholders: 

  • On the basis of polymer, the cellulosic segment held the largest share of the tablet coatings market in 2021.
  • A few of the tablet coatings market trends include increased utilization of coated tablets, especially for children to cover the pungent smell of drugs used in the tablets coupled with sugar coating.
  • On the basis of type, the film coated segment held the largest share of the tablet coatings industry in 2021.
  • By functionality, the sustained release segment held the largest share of the tablet coatings market in 2021.
  • On the basis of end-user, the pharmaceutical segment held the largest market share in 2021.
  • On the basis of region, North America held the largest market share in 2021.

Key Points Covered by the Report-

  1. What are the fundamental skills, core competencies, and key players in the industry we are examining?
  2. What are the opportunities for marketing strategies that are developing at a usual rate?
  3. What are the main competitive factors influencing the industry?
  4. What marketing tactics are suitable for a particular service or product?
  5. What geographical areas are covered by the tablet coatings market report?
  6. What share of this market would each of the following regions hold during the forecast period: Asia-Pacific, Europe, North America, and LAMEA?
  7. How has COVID-19 impacted the tablet coatings market?

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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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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Editor Details

  • Company:
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Last Updated: 23-Aug-2023