The report provides insights on the following:
5 - 6 Percent
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. Increased raw material demand from other end-use industries might affect feedstock availability. Leading coating manufacturers are either backward integrated or adopt dual/multiple sourcing strategy for stable and continuous supply of raw materials.
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:
The report also provides a global market outlook, along with an overview of key industry players and drivers & constraints impacting the market. It also gives 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.
Category Intelligence on Tablet Coating covers the following
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