PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1068679
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1068679
Global Sustained Release Coatings Market; Global Sustained Release Coatings Market; By Type, By Application, By Polymer Material ; By Region ; Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Sustained Release Coatings Market to Reach USD 770 Million by 2028
The market's growth can be due to increased demand for micro-encapsulated products and pharmaceutical products for effective patient treatment and the rising need for sustained release coatings in cancer and brain tumor-specific drug delivery…
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the global sustained release coatings market was worth USD 494.2 Million in 2021 and is anticipated to reach USD 770.6 Million by 2028, growing at a CAGR of 6.9% (2022-2028). With the rising demand for microencapsulated products, several companies are investing extensively in research and development, contributing to the growth of the sustained release coating market. New technologies, such as sustained-release coating, are required to tap specialized markets in cancer and brain tumor-specific medication delivery.
Increasing Product Launches Contributing To The Growth Of Sustained Release Coatings Market
New product launches are one of the key strategies acquired by the major players in the global sustained release coating market. Moreover, major companies are also focused on entering new markets by launching technologically advanced and innovative sustained-release coating products for varied applications. North American companies are considered to be the most active region in terms of strategic initiatives in recent years. For instance- Colorcon has added a line of modified release products based on DuPont's Aquacoat technology to its coatings portfolio. Aquacoat ECD, colloidal dispersion of ethylcellulose polymer for prolonged-release, is part of the product line. Pharmaceutical and nutritional solid dosage applications will both benefit from the coatings. Similar innovation in the industry is expected to propel the market growth of the global sustained release coatings market.
Targeted Action Properties boost sustained Release Coatings' Global Growth.
The demand for sustained release coatings is growing in the pharmaceutical industry due to the need for targeted action to the desired site, which enhances the treatment and results in very less or no side effects. As a result, the development of drugs based on sustained release coatings is predicted to increase the demand for sustained release coatings to distribute active ingredients effectively and precisely. Pharmaceutical businesses employ sustained release coating technology to disguise medications' bitter taste or odor and promote targeted and controlled distribution. The above advantages make the sustained release coatings market very profitable for the pharmaceutical industry, propelling market expansion.
Tablet Segment Expected To Witness Tremendous Growth In Upcoming Years
The rising demand for pharmaceutical products and microencapsulated products increases the growth of the tablet segment. The entire sustained release coatings market is projected to dominate the tablet segment. The development of mini-tablets is a prominent trend in this market, and it has gotten a lot of attention due to its multiple benefits, such as ease of production, less coating material required, lower risk of dose dumping, and lower inter-and intra-subject variability. Other improvements in this industry include the use of no solvents during production, adaptable sustained release, immediate-release tablet systems, modified-release tablet formulations, and technologies.
Impact of COVID-19 On The Sustained Release Coatings Market
There was a huge increase in the demand for coated pills during the pandemic. Governments and pharmaceutical and biotech companies worldwide have been working nonstop to combat the COVID-19 pandemic. As a result, tablet coating production and demand have soared. The demand for COVID-19 treatment has skyrocketed for commonly used drugs like hydroxychloroquine. Because many rich countries were experiencing a shortage of these pharmaceuticals, the rising demand has provided huge opportunities for COVID-19 management drug producers.
North America Projected To Maintain Its Position During The Forecast Period in Global Sustained Release Coating Market
The sustained release coatings market is categorized into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. North America is the largest sustained release coatings market among these regions, and it is expected to remain so during the forecast period. The sustained release coating market is growing due to the rising demand for microencapsulated tablets, capsules, and pills. The sustained release coatings market is predicted to grow at a steady pace due to the presence of a large number of pharmaceutical giants and significant investments in the development of novel medications and drug delivery systems.
Competitive Landscape
The key players dominating the sustained release coatings market are BASF SE, Evonik Industries, Colorcon, Coating Place, Inc, Panchsheel Organics Ltd, sbpanchal, and Meenaxy Pharma Pvt Ltd., LFA Machines Oxford LTD, Aurora, Merck KGaA, SEPPIC, Ashland, G. M. Chemie Pvt. Ltd and other prominent players. The players maintain their dominance in the market by investing in launching enhanced products and services to customers. Different strategies adopted are engaging strategic alliances and collaborations. The key marketing strategies adopted by the players are new launches, collaborations, and partnerships to expand their customer reach.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. Global Sustained Release Coatings Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. Global Sustained Release Coatings Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.1.1. Tablets
- 5.2.1.2. Capsules
- 5.2.1.3. Pills
- 5.2.2. By Applications
- 5.2.2.1. In Vitro
- 5.2.2.2. In Vivo
- 5.2.3. By Polymer Material
- 5.2.3.1. Ethyl & Methyl Cellulose
- 5.2.3.2. Polyvinyl & Cellulose Acetate
- 5.2.3.3. Meth Acrylic Acid
- 5.2.3.4. PEG
- 5.2.3.5. Others
- 5.2.4. By Region
- 5.2.4.1. North America
- 5.2.4.2. Europe
- 5.2.4.3. The Asia Pacific
- 5.2.4.4. South America
- 5.2.4.5. The Middle East and Africa
- 5.2.1. By Type
6. North America Sustained Release Coatings Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Applications
- 6.2.3. By Polymer Material
- 6.2.4. By Country
- 6.2.4.1. United States
- 6.2.4.2. Canada
7. Europe Sustained Release Coatings Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Applications
- 7.2.3. By Polymer Material
- 7.2.4. By Country
- 7.2.4.1. Germany
- 7.2.4.2. United Kingdom
- 7.2.4.3. Italy
- 7.2.4.4. France
- 7.2.4.5. Spain
- 7.2.4.6. Rest of Europe
8. The Asia Pacific Sustained Release Coatings Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Applications
- 8.2.3. By Polymer Material
- 8.2.4. By Country
- 8.2.4.1. China
- 8.2.4.2. India
- 8.2.4.3. Japan
- 8.2.4.4. South Korea
- 8.2.4.5. Rest of Asia Pacific
9. Latin America Sustained Release Coatings Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Applications
- 9.2.3. By Polymer Material
- 9.2.4. By Country
- 9.2.4.1. Brazil
- 9.2.4.2. Mexico
- 9.2.4.3. Rest of Latin America
10. The Middle East & Africa Sustained Release Coatings Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Applications
- 10.2.3. By Polymer Material
- 10.2.4. By Country
- 10.2.4.1. Saudi Arabia
- 10.2.4.2. UAE
- 10.2.4.3. South Africa
- 10.2.4.4. Rest of Middle East & Africa
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership)
12. Impact of COVID-19 on Sustained Release Coatings Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. BASF SE
- 13.2. Evonik Industries
- 13.3. Colorcon, Inc
- 13.4. Coating Place, Inc.
- 13.5. Panchsheel Organics Ltd.,
- 13.6. Sbpanchal
- 13.7. Meenaxy Pharma Pvt Ltd
- 13.8. LFA Machines
- 13.9. Oxford Ltd
- 13.10. Aurora
- 13.11. Merck KGaA
- 13.12. SEPPIC
- 13.13. Ashland
- 13.14. G. M. Chemie Pvt. Ltd
- 13.15. Laboratoria Wolfs
- 13.16. Apv Engineered Coatings
- 13.17. Tris Pharma
- 13.18. Correlimage
- 13.19. Other Prominent Players
14. Key Strategic Recommendations
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 Global Sustained Release Coatings Segmentation
- Figure 2 Global Sustained Release Coatings Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Sustained Release Coatings Market Share, By Type, By Value, 2018-2028
- Figure 6 Global Sustained Release Coatings Market Share, By Application, By Value, 2018-2028
- Figure 7 Global Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028
- Figure 8 Global Sustained Release Coatings Market Share, By Region, By Value, 2018-2028
- Figure 9 North America Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028
- Figure 10 North America Sustained Release Coatings Market Share, By Type, By Value, 2018-2028
- Figure 11 North America Sustained Release Coatings Market Share, By Application, By Value, 2018-2028
- Figure 12 North America Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028
- Figure 13 North America Sustained Release Coatings Market Share, By Country, By Value, 2018-2028
- Figure 14 Europe Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028
- Figure 15 Europe Sustained Release Coatings Market Share, By Type, By Value, 2018-2028
- Figure 16 Europe Sustained Release Coatings Market Share, By Application, By Value, 2018-2028
- Figure 17 Europe Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028
- Figure 18 Europe Sustained Release Coatings Market Share, By Country, By Value, 2018-2028
- Figure 19 The Asia-Pacific Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028
- Figure 20 The Asia-Pacific Sustained Release Coatings Market Share, By Type, By Value, 2018-2028
- Figure 21 The Asia-Pacific Sustained Release Coatings Market Share, By Application, By Value, 2018-2028
- Figure 22 The Asia-Pacific Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028
- Figure 23 The Asia-Pacific Sustained Release Coatings Market Share, By Country, By Value, 2018-2028
- Figure 24 Latin America Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028
- Figure 25 Latin America Sustained Release Coatings Market Share, By Type, By Value, 2018-2028
- Figure 26 Latin America Sustained Release Coatings Market Share, By Application, By Value, 2018-2028
- Figure 27 Latin America Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028
- Figure 28 Latin America Sustained Release Coatings Market Share, By Country, By Value, 2018-2028
- Figure 29 The Middle East & Africa Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028
- Figure 30 The Middle East & Africa Sustained Release Coatings Market Share, By Type, By Value, 2018-2028
- Figure 31 The Middle East & Africa Sustained Release Coatings Market Share, By Application, By Value, 2018-2028
- Figure 32 The Middle East & Africa Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028
- Figure 33 The Middle East & Africa Sustained Release Coatings Market Share, By Country, By Value, 2018-2028
List of Tables
- Table 1 Global Sustained Release Coatings Market Size, By Type, By Value, 2018-2028
- Table 2 Global Sustained Release Coatings Market Size, By Application, By Value, 2018-2028
- Table 3 Global Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028
- Table 4 Global Sustained Release Coatings Market Size, By Region, By Value, 2018-2028
- Table 5 North America Sustained Release Coatings Market Size, By Type, By Value, 2018-2028
- Table 6 North America Sustained Release Coatings Market Size, By Application, By Value, 2018-2028
- Table 7 North America Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028
- Table 8 North America Sustained Release Coatings Market Size, By Country, By Value, 2018-2028
- Table 9 Europe Sustained Release Coatings Market Size, By Type, By Value, 2018-2028
- Table 10 Europe Sustained Release Coatings Market Size, By Application, By Value, 2018-2028
- Table 11 Europe Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028
- Table 12 Europe Sustained Release Coatings Market Size, By Country, By Value, 2018-2028
- Table 13 The Asia-Pacific Sustained Release Coatings Market Size, By Type, By Value, 2018-2028
- Table 14 The Asia-Pacific Sustained Release Coatings Market Size, By Application, By Value, 2018-2028
- Table 15 The Asia-Pacific Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028
- Table 16 The Asia-Pacific Sustained Release Coatings Market Size, By Country, By Value, 2018-2028
- Table 17 Latin America Sustained Release Coatings Market Size, By Type, By Value, 2018-2028
- Table 18 Latin America Sustained Release Coatings Market Size, By Application, By Value, 2018-2028
- Table 19 Latin America Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028
- Table 20 Latin America Sustained Release Coatings Market Size, By Country, By Value, 2018-2028
- Table 21 The Middle East & Africa Sustained Release Coatings Market Size, By Type, By Value, 2018-2028
- Table 22 The Middle East & Africa Sustained Release Coatings Market Size, By Application, By Value, 2018-2028
- Table 23 The Middle East & Africa Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028
- Table 24 The Middle East & Africa Sustained Release Coatings Market Size, By Country, By Value, 2018-2028
- Table 25 BASF SE Company Overview
- Table 26 BASF SE Financial Overview
- Table 27 Evonik Industries Company Overview
- Table 28 Evonik Industries Financial Overview
- Table 29 Coating Place, Inc. Company Overview
- Table 30 Coating Place, Inc. Financial Overview
- Table 31 Panchsheel Organics Ltd., Company Overview
- Table 32 Panchsheel Organics Ltd., Financial Overview
- Table 33 Meenaxy Pharma Pvt Ltd Company Overview
- Table 34 Meenaxy Pharma Pvt Ltd Financial Overview
- Table 35 Oxford Ltd Company Overview
- Table 36 Oxford Ltd Financial Overview
- Table 37 Aurora Company Overview
- Table 38 Aurora Financial Overview
- Table 39 Merck KGaA Company Overview
- Table 40 Merck KGaA Financial Overview
- Table 41 SEPPIC Company Overview
- Table 42 SEPPIC Financial Overview
- Table 43 Ashland Company Overview
- Table 44 Ashland Financial Overview
- Table 45 G. M. Chemie Pvt. Ltd Company Overview
- Table 46 G. M. Chemie Pvt. Ltd Financial Overview
- Table 47 Laboratoria Wolfs Company Overview
- Table 48 Laboratoria Wolfs Financial Overview
- Table 49 Apv Engineered Coatings Company Overview
- Table 50 Apv Engineered Coatings Financial Overview
- Table 51 Tris Pharma Company Overview
- Table 52 Tris Pharma Financial Overview
- Table 53 Correlimage Company Overview
- Table 54 Correlimage Financial Overview
