Tablet Coatings Market Intelligence

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  • What are the key trends in Tablet Coatings category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Tablet Coatings industry?
  • How is Tablet Coatings industry performing?

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Report Coverage

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

Market Size

CAGR

5–6 %

Market Size North America

$198 Mn

Market Size Europe

$158.4 Mn

Japan

$79.2 Mn

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

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.

Table of contents

  1. Tablet Coatings Executive Summary
  2. Global Market Outlook
  3. Regional Market Overview
  1. Tablet Coatings Market Analysis
  2. Value Chain Analysis
  3. Global Market Outlook
  4. Current Market Size
  5. Global Demand by End-use
  6. Major Players
  7. Industry Drivers and Constraints
  8. Regional Market Outlook (US, Europe, Japan, Pharmerging)
  9. Current Market Size
  10. Global/Regional Suppliers
  1. Tablet Coatings Industry Analysis
  2. Porter's Five Forces Analysis
  3. SWOT Analysis
  4. Industry Trends
  1. Tablet Coatings Cost & Pricing Analysis
  2. Coatings Cost Structure
  3. Price Trend Analysis
  1. Tablet Coatings Feedstock Analysis
  2. MC & Its Derivatives (HPMC, HEMC)
  3. HPC
  1. Tablet Coatings Supplier Analysis
  2. Key Global Supplier Profile

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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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