Tablet Coatings Market Research Report

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.

Tablet Coatings - Global Market Trends

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
As of 2018, the pharmaceutical tablet coatings dominated the tablet coatings market with a market share of 70 percent

Table Coating Market Overview

Tablet Coatings - Major Players

Colorcon

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

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

Why should you Buy this Report

The report provides insights on the following:

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

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

Methodology for writing this Report

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.

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

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 - Global Market Demand by End-use

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

Tablet Coatings - Industry Drivers

Growth in modified release technologies
- Market is driven by demand from oral solid dosage forms, such as sustained, enteric and immediate release tablets
- The modified release market is expected to grow at a CAGR of 6–7 percent until 2022

Pharmaceutical tablets coatings
- There is a growing demand for pharmaceutical tablet coatings, which currently accounts for about 70 percent and is expected to drive the tablet coatings market

Demand for pigmented film coatings
- Demand for pigmented film coatings is growing mainly due to its application in the prevention of counterfeit drugs. Also, the visual differentiation of products helps in enhanced brand recognition

Tablet Coatings - Industry Constraints

Fluctuating raw material cost
- Pricing risk exists as the prices fluctuate for different raw materials, which has a negative impact on the coatings market

Consolidated market
- The supply base for tablet coatings is consolidated resulting in a low negotiation power for buyers

Need for coatings technology and Quality by design
- High expectations of different coatings technology and US FDA requirement for quality by design from pharmaceutical and nutraceutical industries, have led to an innovation driven market, in turn making it difficult for new players to enter

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