Tablet Coatings Market Envisioned to Reach US$ 1,401.86 Million by 2032, Showing 5.7% Annual Growth From 2023 to 2032

The tablet coatings market is poised to expand at a steady compound annual growth rate (CAGR) of 5.7% during the forecast period from 2023 to 2032. The market was valued at USD 807.23 million in 2022 and is projected to grow to USD 1,401.86 million by 2032. The rising prevalence of chronic conditions like diabetes, cancer, and cardiovascular diseases has led to an increased need for drugs, thereby driving the demand for tablet coatings. Besides, with the rising demand for oral solid dosage forms, the demand for tablet coatings is expected to increase.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/tablet-coatings-market/request-for-sample

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
Tablet coatings are a vital component of the nutraceutical and pharmaceutical sectors. It involves applying coating materials to the tablet's surface to get the desired properties of the dosage form. Applying coatings improves the taste, odor, and color of the drug. Also, it enhances product solubility and improves the ease of swallowing by the patient.
Furthermore, tablet coatings improve the mechanical resistance of the dosage form and protect against the gastric environment. There are three main processes for tablet coating, which include sugar coating, enteric coating and film coating. Sugar coating involves covering the tablet with a hard layer of sugar syrup, whereas enteric coating is a specialized type of tablet coating that protects the tablet's active ingredients from being dissolved in the stomach's acidic environment.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
The tablet coatings market is characterized by fragmentation. The key market players are constantly upgrading their technologies to stay ahead of the curve. Besides, they're employing strategic developments to maintain their competitive edge.

𝐀𝐦𝐨𝐧𝐠 𝐭𝐡𝐞 𝐦𝐚𝐣𝐨𝐫 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐢𝐧𝐜𝐥𝐮𝐝𝐞:
• Colorcon
• Sensient Technologies Corporation
• BASF
• Evonik Industries
• Ashland Global Holdings
• DuPont De Numeours
• Kerry Group plc
• Roquette Freres
• Eastman Chemical Company
• Air Liquide, and Merck

𝐀𝐜𝐜𝐞𝐬𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐩𝐨𝐫𝐭 𝐓𝐨𝐝𝐚𝐲: https://www.polarismarketresearch.com/buy/2248/2

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
• The large and growing population in Asia Pacific is anticipated to fuel the demand for drugs and dietary supplements in the region. Besides, the growing health awareness among consumers in APAC is anticipated to boost the demand for functional foods, impacting the industry's growth favorably.
• There has been an increase in the prevalence of chronic conditions like diabetes and cancer in North America. This is fueling the need for drugs and dietary supplements, which in turn is boosting the tablet coatings market demand.

𝐊𝐞𝐲 𝐃𝐫𝐢𝐯𝐞𝐫𝐬
𝐏𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐆𝐫𝐨𝐰𝐭𝐡: The expansion of the pharmaceutical industry, particularly in developing regions, is a major driver. Increased production of solid oral dosage forms and the need for innovative drug delivery solutions are boosting the demand for tablet coatings.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬: Innovations in coating technologies, such as the development of new film coatings that improve tablet stability, appearance, and patient compliance, are propelling market growth. For example, Colorcon's introduction of a mineral-free coating for nutritional supplements.

𝐑𝐞𝐠𝐮𝐥𝐚𝐭𝐨𝐫𝐲 𝐚𝐧𝐝 𝐐𝐮𝐚𝐥𝐢𝐭𝐲 𝐃𝐞𝐦𝐚𝐧𝐝𝐬: Stricter regulatory requirements for pharmaceutical products necessitate high-quality coating solutions that ensure the safety and efficacy of drugs, further driving market demand.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐄𝐧𝐭𝐢𝐫𝐞 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐞𝐫𝐞: https://www.polarismarketresearch.com/industry-analysis/tablet-coatings-market

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
Major players in the market include Colorcon Inc., Merck KGaA, DuPont, JRS Pharma, and Evonik Industries AG. These companies are focusing on product innovation and strategic mergers and acquisitions to strengthen their market position. For instance, Colorcon's acquisition of Ideal Cures and Ashland's introduction of new controlled-release formulations highlight the competitive strategies being employed.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐎𝐮𝐫 𝐓𝐨𝐩 𝐑𝐞𝐩𝐨𝐫𝐭𝐬
𝐑𝐮𝐛𝐛𝐞𝐫 𝐂𝐨𝐚𝐭𝐞𝐝 𝐅𝐚𝐛𝐫𝐢𝐜 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/rubber-coated-fabric-market

𝐓𝐡𝐞𝐫𝐦𝐚𝐥 𝐒𝐩𝐫𝐚𝐲 𝐂𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/thermal-spray-coatings-market

𝐂𝐚𝐭𝐚𝐥𝐲𝐬𝐭 𝐇𝐚𝐧𝐝𝐥𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/catalyst-handling-services-market

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𝐁𝐢𝐜𝐲𝐜𝐥𝐞 𝐂𝐡𝐚𝐢𝐧 𝐋𝐮𝐛𝐫𝐢𝐜𝐚𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/bicycle-chain-lubricant-market

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