Tablet Coatings Market Intelligence

Tablet Coatings Market Description

The global market for tablet coatings is expected to reach $830 million by 2022, while growing at a constant CAGR of 5 to 6 percent. Pharmerging nations are anticipated to lead the demand for tablet coatings at a CAGR of 8 to 9 percent until 2022. The high growth rates in demand are attributed to factors such as rapidly expanding middle class, government incentives for the provision of drugs at lower cost, expansions by private firms, and governments allowing FDI penetration in untapped markets. Formulated and customizable blends are they key development areas, and this is expected to increase the demand for tablet coatings.

The report also provides a global market outlook, along with an overview of key industry players and drivers & constraints impacting the market. It also giver a regional market overview in regions such as the U.S., Europe, and Japan, followed by Porter’s five forces analysis on factors such as buyer power, supplier power, barriers to new entrants, intensity of rivalry, and threat of substitutes.

Beroe gathers intelligence through primary sources that include industry experts, researchers, and consultants, as well as current suppliers, producers and distributors. Secondary sources can include business journals, newsletters, magazines, market research data, company sources, and industry associations. Following data collation, analysis, and strategic review, the Final Research Report is published on Beroe LiVE.

Report Coverage

Global Capacity–Demand Analysis
Global Trade Dynamics
Regional Market Snapshot-North America, Europe, Asia
Cost Structure Analysis

Tablet Coatings Market Trend, Analysis & Forecast

Category Intelligence on Tablet Coatings covers the following

Information relating to market, supply, cost, and pricing analysis
Hard to find data on cost and TCO models, supplier details, and performance benchmarks
Macroeconomic and regional trends impacting cost, supply, and other market dynamics
Category-specific negotiation and sourcing advice

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Executive Summary

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Market Analysis

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Supply Analysis

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Cost & Pricing Analysis

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Best Practices

1. Tablet Coatings Executive Summary

1.1 Global Market Outlook
1.2 Regional Market Overview

2. Tablet Coatings Market Analysis

2.1 Value Chain Analysis
2.2 Global Market Outlook
– Current Market Size
– Global Demand by End-use
– Major Players
– Industry Drivers and Constraints
2.3 Regional Market Outlook (US, Europe, Japan, Pharmerging)
– Current Market Size
– Global/Regional Suppliers

Global Market Outlook on Tablet Coatings

The global tablet coatings market is expected to reach $830 million in 2022 by growing at a CAGR of 5–6 percent between 2018 and 2022F
Pharmerging nations are expected to lead the demand for tablet coatings with anticipated CAGR of 8–9 percent between 2018 and 2022F
Currently, pharmaceutical tablet coatings dominate the tablet coatings market with a market share of 70 percent

tablet-coatings-market-size

Value Chain Analysis

Coatings are the mixture of four broad categories of raw materials namely polymers, plasticizers, colorants, and solvents
For coatings, the major cost factor is the raw material, which is around 90 percent of the total cost because coatings are composed of blends of two or more excipients. The remaining 10 percent of the cost is contributed by utilities and labour with 7 percent and 3 percent, respectively

Pharma Coatings Supply Concentration

Coatings industry is consolidated with four major players, such as Colorcon, Sensient, Evonik, and BASF holding close to 85–90 percent of the global market share in 2017
With over 6 manufacturing facilities and market presence across the globe, Colorcon is the market leader in coatings market with around 50–60 percent of the market share in the US and is expected to retain the same due to its superior technological capabilities, R&D and product differentiation

Tablet Coatings Market

Pharmaceutical tablet coatings account for about 70 percent of the overall tablet coatings market
Pharmerging nations are expected to lead the demand for tablet coatings with an anticipated CAGR growth rate of 8–9 percent

Global Tablet Coatings Market Demand by End-use

Pharmaceutical tablet coatings market was around USD 635 million in 2017 and is expected to reach USD 830 million by 2022 growing at 5–6 percent annually
Pharmerging nations are expected to lead the demand for tablet coatings with an anticipated CAGR growth rate of 8-9 percent. High growth rates in demand could be attributed to:

–Rapidly expanding middle class and government incentives to provide drugs at a lower cost

–Expansions by private firms and governments allowing FDI to penetrate into untapped markets

Formulated and customizable blends are key areas, in which drug manufacturers are displaying their interest. This is expected to increase the total addressable market for tablets and hence demand for tablet coatings

Major Players

With over 6 manufacturing facilities and market presence across the globe, Colorcon is the market leader for coatings with close to 50-60 percent market share in the US. Colorcon is persistently pursuing the film coatings market by continuously bringing up innovative products along with excellent technical and regulatory support to their customers
Sensient is rapidly trying to increase its market share in the pharmaceutical coatings systems as it is the leading global manufacturer of flavors & colors, one of its competitive advantages, and thus offering customized coatings products and solutions to pharmaceutical/nutraceutical companies
Companies are increasing their capability by expanding capacity and introducing new technology. E.g., in 2016:

–Colorcon invested in a new film coating manufacturing plant in Sao Paulo, Brazil

–Colorcon has added a new film coating system, Opadry EC

–Sensient has introduced Flexicoat technology and SPECTRABLEND MB-H

–BASF introduced Kollicoat® MAE 100-55

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