Tablet Coatings Market Envisioned to Reach US$ 1,401.86 Million by 2032, Showing 5.7% Annual Growth From 2023 to 2032
The tablet coatings market is poised to expand at a steady compound annual growth rate (CAGR) of 5.7% during the forecast period from 2023 to 2032. The market was valued at USD 807.23 million in 2022 and is projected to grow to USD 1,401.86 million by 2032. The rising prevalence of chronic conditions like diabetes, cancer, and cardiovascular diseases has led to an increased need for drugs, thereby driving the demand for tablet coatings. Besides, with the rising demand for oral solid dosage forms, the demand for tablet coatings is expected to increase.๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐จ๐ฎ๐ซ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/tablet-coatings-market/request-for-sample
๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Tablet coatings are a vital component of the nutraceutical and pharmaceutical sectors. It involves applying coating materials to the tablet's surface to get the desired properties of the dosage form. Applying coatings improves the taste, odor, and color of the drug. Also, it enhances product solubility and improves the ease of swallowing by the patient.
Furthermore, tablet coatings improve the mechanical resistance of the dosage form and protect against the gastric environment. There are three main processes for tablet coating, which include sugar coating, enteric coating and film coating. Sugar coating involves covering the tablet with a hard layer of sugar syrup, whereas enteric coating is a specialized type of tablet coating that protects the tablet's active ingredients from being dissolved in the stomach's acidic environment.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
The tablet coatings market is characterized by fragmentation. The key market players are constantly upgrading their technologies to stay ahead of the curve. Besides, they're employing strategic developments to maintain their competitive edge.
๐๐ฆ๐จ๐ง๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ข๐ง๐๐ฅ๐ฎ๐๐:
โข Colorcon
โข Sensient Technologies Corporation
โข BASF
โข Evonik Industries
โข Ashland Global Holdings
โข DuPont De Numeours
โข Kerry Group plc
โข Roquette Freres
โข Eastman Chemical Company
โข Air Liquide, and Merck
๐๐๐๐๐ฌ๐ฌ ๐๐ซ๐๐ฆ๐ข๐ฎ๐ฆ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐๐๐ฒ: https://www.polarismarketresearch.com/buy/2248/2
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
โข The large and growing population in Asia Pacific is anticipated to fuel the demand for drugs and dietary supplements in the region. Besides, the growing health awareness among consumers in APAC is anticipated to boost the demand for functional foods, impacting the industry's growth favorably.
โข There has been an increase in the prevalence of chronic conditions like diabetes and cancer in North America. This is fueling the need for drugs and dietary supplements, which in turn is boosting the tablet coatings market demand.
๐๐๐ฒ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
๐๐ก๐๐ซ๐ฆ๐๐๐๐ฎ๐ญ๐ข๐๐๐ฅ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ซ๐จ๐ฐ๐ญ๐ก: The expansion of the pharmaceutical industry, particularly in developing regions, is a major driver. Increased production of solid oral dosage forms and the need for innovative drug delivery solutions are boosting the demand for tablet coatings.
๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ ๐๐๐ฏ๐๐ง๐๐๐ฆ๐๐ง๐ญ๐ฌ: Innovations in coating technologies, such as the development of new film coatings that improve tablet stability, appearance, and patient compliance, are propelling market growth. For example, Colorcon's introduction of a mineral-free coating for nutritional supplements.
๐๐๐ ๐ฎ๐ฅ๐๐ญ๐จ๐ซ๐ฒ ๐๐ง๐ ๐๐ฎ๐๐ฅ๐ข๐ญ๐ฒ ๐๐๐ฆ๐๐ง๐๐ฌ: Stricter regulatory requirements for pharmaceutical products necessitate high-quality coating solutions that ensure the safety and efficacy of drugs, further driving market demand.
๐๐๐๐๐ฌ๐ฌ ๐ญ๐ก๐ ๐๐ง๐ญ๐ข๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ซ๐๐ก๐๐ง๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/tablet-coatings-market
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐
Major players in the market include Colorcon Inc., Merck KGaA, DuPont, JRS Pharma, and Evonik Industries AG. These companies are focusing on product innovation and strategic mergers and acquisitions to strengthen their market position. For instance, Colorcon's acquisition of Ideal Cures and Ashland's introduction of new controlled-release formulations highlight the competitive strategies being employed.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ซ ๐๐จ๐ฉ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ
๐๐ฎ๐๐๐๐ซ ๐๐จ๐๐ญ๐๐ ๐ ๐๐๐ซ๐ข๐ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/rubber-coated-fabric-market
๐๐ก๐๐ซ๐ฆ๐๐ฅ ๐๐ฉ๐ซ๐๐ฒ ๐๐จ๐๐ญ๐ข๐ง๐ ๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/thermal-spray-coatings-market
๐๐๐ญ๐๐ฅ๐ฒ๐ฌ๐ญ ๐๐๐ง๐๐ฅ๐ข๐ง๐ ๐๐๐ซ๐ฏ๐ข๐๐๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/catalyst-handling-services-market
๐๐ฆ๐ฉ๐ซ๐๐ ๐ง๐๐ญ๐ข๐ง๐ ๐๐๐ฌ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/impregnating-resins-market
๐๐ข๐๐ฒ๐๐ฅ๐ ๐๐ก๐๐ข๐ง ๐๐ฎ๐๐ซ๐ข๐๐๐ง๐ญ ๐๐๐ซ๐ค๐๐ญ: https://www.polarismarketresearch.com/industry-analysis/bicycle-chain-lubricant-market
๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ง๐๐จ:
Polaris Market Research
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Email: sales@polarismarketresearch.com
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Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.
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