Lucintel Forecasts the Global Tablet Coating Market to Reach $1,325 Million by 2030
Lucintel Forecasts the Global Tablet Coating Market to Reach $1,325 Million by 2030
Blog Article
According to the recent study the global tablet coating market is projected to reach an estimated $1,325 million by 2030 from $919 million in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by growing adoption of orphan drugs, significant growth in the pharmaceutical industry, and increasing research and development (R&D) investment activities.
A more than 150–page report is developed to understand trends, opportunities and forecast in global tablet coating market by polymer type (cellulosic polymers, vinyl derivatives, acrylic polymers and others), functionality (non-functional non-modifying coatings, functional modifying coatings and functional non-modifying coatings), coating type (film, sugar, enteric, gelatin and others), formulation (plasticizer, colorant and solvent), application (immediate-release, sustained-release and extended-release), end use (pharmaceutical, nutraceutical and others), and region (North America, Europe, APAC and the Rest of the World).
Lucintel forecast that cellulosic polymers will remain the largest segment over the forecast period because of its strong properties, such as compressibility, flowability, soluble, and less sensitivity to wet granulation.
Pharmaceutical is expected to remain the largest end use segment due to the increasing frequency of various diseases and growing demand for innovative drug delivery formulation.
North America will remain the largest region due to increasing awareness of treatment among population and growing demand for innovative pharmaceutical products and biosimilars in the region.
Colorcon, BASF SE, Kerry, Eastman, Evonik Industries AG are the major suppliers in the tablet coating market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056