Tablet Coatings Market Intelligence

Tablet Coatings Market Overview

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

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

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.