Tablet Coatings Market Size, Share, Trends, Industry Analysis & Growth 2032

Tablet Coatings Market Insights

According to the report published by Zion Market Research, the global Tablet Coatings Market size was valued at USD 836.2 Million in 2023 and is predicted to reach USD 1467.94 Million by the end of 2032. The market is expected to grow with a CAGR of 5.8% during the forecast period. The report analyzes the global Tablet Coatings Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Tablet Coatings industry.

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Global Tablet Coatings Market: Overview

Tablet coating is a process of applying a layer of thin polymer-based material to pharmaceutical products which are in the form of granules or tablets. The tablet coating caters to a large number of purposes. The coating of exteriors of pharmaceutical tablets controls and manages the release profiles. It helps in preventing drug-induced irritation at the GI site, improves the stability of the profile material, prevents undesirable chemical reactions, orders masking, and task masking. The tablet coating also enhances the taste of the tablet. The major objective of the coating process is to develop tablets with desirable visual profiles and functionality.

Global Tablet Coatings Market: Growth Factors

One of the major factors driving the growth of the global tablet coatings market is the rapidly proliferating pharmaceutical sector all across the globe. Moreover, the increasing research and development activities in the sector to innovate new and innovative drugs are posing a huge demand for tablet coating globally. Nowadays, there is a significant growth in the generics market along with the flourishing nutraceutical and biopharmaceutical sector, which in turn is further complementing the growth of the global tablet coatings market. However, the wide adoption of orphan drugs will significantly propel the growth in demand for tablet coating. In addition, the increasing concentration of pharmaceutical manufacturing to serve the emerging markets globally along with outsourcing the major operations to developing countries will also accentuate the scope of tablet coating. These days, healthcare professionals are realizing the importance of biosimilars and biologics in the medical sector which is likely to make major transformations in the tablet coating industry.

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Global Tablet Coatings Market: Segmentation

The global tablet coatings market can be segmented into end-user, type, functionality, polymer, and region.

By end-user, the market can be segmented into the nutraceutical and pharmaceutical industry. The pharmaceutical segment accounts for the largest share in the global tablet coatings market. The growth in demand for tablet coating in the pharmaceutical segment can be attributed to the large number of drugs being launched as tablet formulations along with the increasing prevalence of diseases that require tablet base formulations.

By type, the market can be segmented into gelatin-coated, enteric-coated, sugar-coated, film-coated, and other coated tablets. The film-coated tablet segment holds the largest share in the global tablet coatings market due to the high resistance to mechanical influences when compared to traditional ones. These film coated tablets also reap the best benefits out of short processing and offer several other benefits.

By functionality, the global tablet coatings market can be segmented into non-modified coating, functionally modified coating, and non-functional non-modifying coatings. The non-functional non-modifying coatings segment holds hegemony over others due to the high adoption of these coatings for the manufacturing of immediate release dosage forms.

By polymer type, the market can be segmented into acrylic, vinyl derivatives, cellulose, and other polymers.

Tablet Coatings Market: Report Scope

Global Tablet Coatings Market: Regional analysis

Europe accounts for the largest share in the global tablet coatings market due to the presence of prominent market players with high production capacities in the region. Also, the increasing emphasis of key leaders on superior biosimilar, generic, and other pharmaceutical products to boost the demand for novel excipients is likely to bolster the growth of the regional market in forthcoming years.

North America is anticipated to witness huge growth in forthcoming years due to the ongoing innovations in the region in the medical sector.

Global Tablet Coatings Market: Competitive Players

Some of the significant players in the global tablet coatings market are:

• Aries Exim Pvt. Ltd.
• Aquadry Pharma Pvt. Ltd.
• Lubrizol Corporation
• Coating Place, Inc.
• Spectrum Chemical Mfg. Corp.
• Wincoat Colours & Coatings Pvt. Ltd.
• Ideal Cures Pvt. Ltd.
• Biogrund GmbH
• Corel Pharma Chem
• Merck KGaA
• Air Liquide S.A.
• Eastman Chemical Company
• Roquette Freres
• Kerry Group plc
• DuPont De Nemours Inc.
• Ashland Global Holdings Inc.
• Evonik Industries AG
• BASF SE
• Sensient Technologies Corporation
• Colorcon Inc.

The Global Tablet Coatings Market is segmented as follows:

By end-user 

• nutraceutical
• pharmaceutical industry 

By type 

• gelatin-coated
• enteric-coated
• sugar-coated
• film-coated
• and other coated tablets 

By functionality 

• non-modified coating
• functionally modified coating
• non-functional non-modifying coatings 

By polymer 

• acrylic
• vinyl derivatives
• cellulose
• and other polymers 

Global Tablet Coatings Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.