Tablet Coatings Market Scope
Tablet coating is the last critical step in tablet manufacturing. It is a manner by which a dry outer layer of coating material is implemented on the tablet. It is used to remove the odor, taste of the tablet. It is used to provide both physical and chemical protection to the drug. It increases the life of tablets and also avoids chemical incompatibility.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Colorcon (United States), Sensient Technologies (United States), BASF (Germany), Evonik (Germany), Coating Place (United States), Nicomac (India), Solace (India), Bosch (Germany), Glatt (Germany) and ACG (India) |
CAGR | % |
Key growth areas in this field are health-related nutrition supplements and their coatings. Film coatings and other new techniques are set to dominate the market in the near future Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Tablet Coatings market throughout the predicted period.
Colorcon (United States), Sensient Technologies (United States), BASF (Germany), Evonik (Germany), Coating Place (United States), Nicomac (India), Solace (India), Bosch (Germany), Glatt (Germany) and ACG (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Coating Systems International (United Kingdom), GEA (Germany) and GS Coatings (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Tablet Coatings market by Type , by Application (Nutraceuticals and Pharmaceuticals) and Region with country level break-up.
On the basis of geography, the market of Tablet Coatings has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2020, Germany-based company Kilian & Co. acquired GS coating systems, a company specialized in tablet coating.
In Feb 2021, Colorcon launches Nutrafinish a label friendly tablet coating especially for nutrient supplements market as consumer demand for tablets with shorter ingredients list which are easy to recognize and understand.
Influencing Trend:
The rise in new technology such as compression coating, electrostatic coating, magnetically assisted implication coating, aqueous film coating technology, and supercell coating technology
Market Growth Drivers:
Increase in demand for oral solid dosage forms, The rise in demand in the film coating market and The growing need for tablet manufacturer to differentiate their tablets from competitors
Challenges:
A lot of technologies in the coating market has reached stagnation and Companies need to increase the efficiency of coating per time including loading and unloading times
Restraints:
Existing technology standards are old and are not enough for steady growth
Opportunities:
Increasing cost-effectiveness due to better supply chain management and Opportunity to use new technologies to improve efficiency
Key Target Audience
VCs and Equity firms, New Entrants/Investors, Analysts and Strategic Business Planners, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others