The global tablet coating industry generated $2.2 billion in 2021 and is expected to generate $4.1 billion by 2031, registering a CAGR of 6.6% from 2022 to 2031, according to the report.
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Key determinants of growth
The increase in the elderly population, which is more susceptible to chronic diseases such as diabetes, inflammatory bowel disease, ulcers, and asthma; the increase in general surgery, cardiovascular surgery, central nervous system surgery, orthopedic surgery, and ophthalmology surgery; and the increase in sports-related injuries and traffic accidents. , driving the growth of the global tablet coating market. However, the high cost of tablet coatings is limiting the market growth. Additionally, technological advancements, various product launches, and strategies among major companies such as acquisitions, alliances, and agreements will provide new opportunities in the coming years.
New coronavirus infection scenario
The outbreak of the coronavirus disease 2019 (Covid-19) pandemic has affected the world as a huge number of medical schools and hospitals around the world have reorganized to increase their capacity to accept patients diagnosed with COVID-19. had a negative impact on the tablet coating market.
Outpatient departments (OPDs) faced potential backlogs due to the rapid increase in COVID-19 cases.
However, the market is expected to gain traction post-pandemic due to increasing updates in nutritional supplements and other essential pills.
Cellulosic segment maintains leadership position throughout the forecast period
Based on polymers, the cellulosic segment held the highest market share in 2021, accounting for over two-thirds of the global tablet coatings market and is estimated to maintain its leadership position throughout the forecast period. This is due to advantages such as easy solubility in both aqueous media and a wide range of organic solvent systems, and high adoption rates of cellulosic materials. However, the acrylic segment is projected to exhibit the highest CAGR of 8.1% from 2022 to 2031 due to the increasing use of colonic drug delivery systems and increasing development and advancements in acrylic polymers.
Film coatings sector maintains leadership position throughout the forecast period
Based on type, the film coatings segment held the highest market share in 2021, accounting for more than two-fifths of the global tablet coatings market and is estimated to maintain its leadership position throughout the forecast period. This is due to the high penetration rate of film-coated tablets and the increase in the elderly population. However, the enteric coatings segment is projected to exhibit the highest CAGR of 7.3% from 2022 to 2031. This is due to the rising prevalence of colitis, inflammatory bowel disease, and increased awareness of the use of enteric coatings. Targeted drug delivery in emerging economies.
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The pharmaceutical sector will maintain its top position during the forecast period
On an end-user basis, the pharmaceutical segment accounted for the largest share in 2021, contributing around four-fifths of the global tablet coatings market and is projected to maintain its leading position during the forecast period. The segment is expected to exhibit the highest CAGR of 6.7% from 2022 to 2031. This is due to an increase in the prevalence of diseases, an increase in the number of pharmaceutical industries, and an increase in the elderly population.
North America will maintain its dominance by 2031
By region, North America held the highest market share in terms of revenue in 2021, accounting for over one-third of the global tablet coatings market and is likely to dominate the market during the forecast period. These include a well-established medical infrastructure, high purchasing power, and increasing adoption of coated tablets. However, Asia-Pacific will see the fastest CAGR of 7.2% from 2022 to 2031, driven by a rapidly growing elderly population requiring more sustained-release tablets for their illnesses and increased awareness about the use of tablet coatings. It is expected to be expected. The release was delayed.
Key market players: –
L’Air Liquide SA,
Aqua Dry Pharma Pvt. Ltd.
Aries Exim Pvt. Ltd.
Ashland Global Holdings Co., Ltd.
Biogrand,
Coatings Place Co., Ltd.
Colorcon Co., Ltd.
Dupont de Nemours,
eastman
Evonik Industries,
Ideal treatment pvt. Co., Ltd.
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