Sustained Release Coatings Market

Sustained Release Coatings Market by Application (In Vitro, In Vivo), Substrate Type (Tablets, Capsules, Pills), Polymer Material Type (Ethyl & Methyl Cellulose, Polyvinyl & Cellulose Acetate, Methacrylic Acid, PEG), and Region - Global Forecast to 2024

Report Code: CH 7178 Jun, 2019, by marketsandmarkets.com

[103 Pages Report] The sustained release coating market size is projected to grow from USD 478 million in 2019 to USD 660 million by 2024, at a CAGR of 6.6% during the forecast period. With the increasing demand for microencapsulated products, significant R&D activities are being carried out by various companies in the market, thus aiding the growth of the sustained release coating market. New technologies, such as sustained release coating, are required to tap niche markets in cancer and brain tumor-specific drug delivery.

Sustained Release Coatings Market

The tablet substrate type is expected to account for the largest share of the overall sustained release coating market.

The global tablet market will continue to dominate the global sustained release coating market with a high growth rate during the forecast period. The development of mini-tablets is a key trend in this segment, which has garnered considerable attention due to its numerous advantages including ease of manufacturing, less coating material required, less risk of dose dumping, and less inter- and intra-subject variability. Also, solvents are not required during its production, Versatile sustained release, immediate-release tablet systems, modified-release tablet formulations, and excipient technologies are the other advancements in this market.

Sustained Release Coatings Market

North America is expected to account for the largest market share during the forecast period.

North America is the largest sustained release coating market and is projected to maintain its position during the forecast period. Increasing demand for microencapsulated tablets, capsules, and pills are driving the growth of the sustained release coating market. With the presence of a large number of pharmaceutical giants and huge investments for the development of novel drugs and drug delivery systems, the sustained release coating market is expected to grow at a stable rate.

Key Market Players

The key players in this market include Colorcon (US), BASF (Germany), Evonik (Germany), and Coating Place (US).

Recent Developments

  • In April 2019, Colorcon Inc. expanded its coating portfolio by adding a range of modified release products of DuPont's Aquacoat technology. The product line includes Aquacoat ECD, a colloidal dispersion of ethylcellulose polymer for sustained release. The coatings will be used in both pharmaceutical and nutritional solid dose applications.
  • In May 2016, Colorcon, Inc. and BASF signed an agreement to strengthen their co-operation in the area of pharmaceutical film coatings. As a part of this agreement, BASF sells its Kollicoat IR Coating Systems product line to Colorcon. Both companies benefitted by combining BASF’s polymer expertise and Colorcon’s formulation and application knowledge.

Key questions addressed by the report

  • What are the major developments impacting the market?
  • What are the new high-growth applications in the sustained release coating market?
  • What will be the major factors impacting market growth during the forecast period?
  • What are the driving factors, opportunities, restraints, and challenges that affect the growth of the market?
  • What are the industry trends affecting the sustained release coating market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Periodization Considered
    1.4 Currency Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Research Assumptions & Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 29)
    4.1 Sustained Release Coating Market Attractiveness
    4.2 Sustained Release Coating Market, By Substrate
    4.3 Sustained Release Coating Market, By Application Type
    4.4 Sustained Release Coating Market in APAC, By Polymer Material Type and Country
    4.5 Sustained Release Coating Market, By Country

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1.1 Rise in Demand in the Pharmaceutical Industry
                                             5.2.1.1.1.1 Controlled Drug Delivery
                                             5.2.1.1.1.2 Targeted Drug Delivery
           5.2.2 Restraints
                    5.2.2.1 High Cost Associated With the Microencapsulated Process
           5.2.3 Opportunities
                    5.2.3.1 Development of Advanced Technologies to Tap Niche Markets
                                             5.2.3.1.1.1 Reduction in Capsule Size and Increase in Bioavailability
                                             5.2.3.1.1.2 Government Support and Rising Economy in Developing Countries
           5.2.4 Challenges
                    5.2.4.1 Alcohol Induced Dose Dumping

6 Sustained Release Coating Market, By Polymer Material Type (Page No. - 37)
    6.1 Introduction
    6.2 Ethyl & Methyl Cellulose
    6.3 Polyvinyl & Cellulose Acetate
    6.4 Methacrylic Acid
    6.5 Polyethylene Glycol (PEG)
    6.6 Others

7 Sustained Release Coating Market, By Substrate (Page No. - 42)
    7.1 Introduction
                    7.1.1.1 Tablets
                               7.1.1.1.1 Development of Mini-Tablets is A Key Trend in This Market Segment.
                    7.1.1.2 Capsules
                               7.1.1.2.1 Easy Absorption of Drugs and Decreased Irritation in the Gi Tract are Driving the Use of Capsules
                    7.1.1.3 Pills
                               7.1.1.3.1 Rising Incidence of Target Ailments Will Propel the Growth of the Pills Market

8 Sustained Release Coating Market, By Application (Page No. - 46)
    8.1 Introduction
    8.2 in Vitro
           8.2.1 Increasing Amount of R&D Expenditure in Healthcare Sector Drives the in Vitro
    8.3 in Vivo
           8.3.1 Increasing Rate of Prevalence in Many Chronic Diseases Drives the Demand for in Vivo Application

9 Sustained Release Coating Market, By Region (Page No. - 52)
    9.1 Introduction
           9.1.1   Europe
                    9.1.1.1 Germany
                    9.1.1.2 France
                    9.1.1.3 UK
                    9.1.1.4 Italy
                    9.1.1.5 Russia
                    9.1.1.6 Switzerland
                    9.1.1.7 Spain
                    9.1.1.9 Rest of Europe
    9.2 APAC
           9.2.1 China
           9.2.2 Japan
           9.2.3 India
           9.2.4 South Korea
           9.2.5 Indonesia
           9.2.6 Taiwan
           9.2.6 Thailand
           9.2.7 Rest of Asia Pacific
    9.3 North America
           9.3.1 Introduction
                    9.3.1.1 US
                    9.3.1.2 Canada
                    9.3.1.3 Mexico
    9.4 South America
           9.4.1 Introduction
                    9.4.1.1  Brazil
                    9.4.1.2 Argentina
                    9.4.1.5 Rest of South America
    9.5 Middle East & Africa
           9.5.1 Introduction
                    9.5.1.1 Saudi Arabia
                    9.5.1.2 South Africa
                    9.5.1.3 Rest of Middle East & Africa

10 Competitive Landscape (Page No. - 88)
     10.1 Overview
     10.2 Ranking of Key Players, 2018
     10.3 Competitive Scenario
             10.3.1 Product Launches
             10.3.2 Agreements, Collaborations, Partnerships, and Joint Ventures

11 Company Profiles (Page No. - 91)
     11.1 BASF SE
             11.1.1 Business Overview
             11.1.2 Products Offered
             11.1.3 SWOT Analysis
             11.1.4 MnM View
     11.2 Evonik
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Colorcon
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 MnM View
     11.4 Coating Place, Inc.
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 MnM View

12 Appendix (Page No. - 97)
     12.1 Discussion Guide
     12.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.3 Available Customizations
     12.4 Related Reports
     12.5 Author Details


List of Tables (65 Tables)

Table 1 Sustained Release Coating Market Snapshot (2018 vs. 2023)
Table 2 Sustained Release Coating Market Size, By Application, 2017-2024 (USD Million)
Table 3 in Vitro Sustained Release Coating Market Size, By Region, 2017-2024 (USD Million)
Table 4 in Vivo Sustained Release Coating Market Size, By Region, 2017-2024 (USD Million)
Table 5 Sustained Release Coating Market Size, By Polymer Material Type, 2017-2024 (USD Million)
Table 6 Tablet Sustained Release Coating Market Size, By Region, 2017-2024 (USD Million)
Table 7 Capsules Sustained Release Coating Market Size, By Region, 2017-2024 (USD Million)
Table 8 Pills Sustained Release Coating Market Size, By Region, 2017-2024, (USD Million)
Table 9 Ethyl & Methyl Cellulose Sustained Release Coating Market Size, By Region, 2017-2024, (USD Million)
Table 10 Other Sustained Release Coating Market Size, By Region, 2017-2024 (USD Million)
Table 11 Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 12 Sustained Release Coating Market Size in Tablet Substrate, By Region, 2017-2024 (USD Million)
Table 13 Sustained Release Coating Market Size in Capsules Substrate, By Region, 2017-2024 (USD Million)
Table 14 Sustained Release Coating Market Size in Other Substrate, By Region, 2017-2024 (USD Million)
Table 15 Sustained Release Coating Market Size, By Region, 2017-2024 (USD Million)
Table 16 APAC: Sustained Release Coating Market Size, By Country, 2017-2024 (USD Million)
Table 17 APAC: Sustained Release Coating Market Size, By Polymer Material Type, 2017-2024 (USD Million)
Table 18 APAC: Sustained Release Coating Market Size, By Application, 2017-2024 (USD Million)
Table 19 APAC: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 20 China: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 21 Japan:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 22 India:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 23 Taiwan: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 24 Thailand: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 25 South Korea: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 26 Vietnam: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 27 Indonesia: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 28 Rest of APAC: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 29 North America: Sustained Release Coating Market Size, By Country, 2017-2024 (USD Million)
Table 30 North America: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 31 North America: Sustained Release Coating Market Size, By Application, 2017-2024 (USD Million)
Table 32 North America: Sustained Release Coating Market Size, By Polymer Material Type, 2017-2024 (USD Million)
Table 33 US:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 34 Canada:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 35 Mexico:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 36 Europe: Sustained Release Coating Market Size, By Country, 2017-2024 (USD Million)
Table 37 Europe Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 38 Europe: Sustained Release Coating Market Size, By Application, 2017-2024 (USD Million)
Table 39 Europe: Sustained Release Coating Market Size, By Polymer Material Type, 2017-2024 (USD Million)
Table 40 Germany:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 41 Switzerland:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 42 UK:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 43 Spain:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 44 France:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 45 Italy:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 46 Russia:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 47 Rest of Europe:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 48 South America: Sustained Release Coating Market Size, By Country, 2017-2024 (USD Million)
Table 49 South America: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 50 South America: Sustained Release Coating Market Size, By Application, 2017-2024(USD Million)
Table 51 South America: Sustained Release Coating Market Size, By Polymer Material Type, 2017-2024 (USD Million)
Table 52 Brazil: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 53 Argentina: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 54 Rest of South America: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 55 Middle East & Africa: Sustained Release Coating Market Size, By Country, 2017-2024 (USD Million)
Table 56 Middle East & Africa: Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 57 Middle East & Africa: Sustained Release Coating Market Size, By Application, 2017-2024 (USD Million)
Table 58 Middle East & Africa: Sustained Release Coating Market Size, By Polymer Material Type, 2017-2024 (USD Million)
Table 59 Saudi Arabia:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 60 South Africa:Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 61 Rest of Middle East & Africa: :Sustained Release Coating Market Size, By Substrate, 2017-2024 (USD Million)
Table 62 Investment & Expansion, 2015–2018
Table 63 Merger & Acquisition, 2015–2018
Table 64 New Product Launch, 2015–2018
Table 65 Joint Venture & Agreement, 2015–2018


List of Figures (30 Figures)

Figure 1 Sustained Release Coating Market: Research Design
Figure 2 Market Size Estimation: Top-Down Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Sustained Release Coating Market: Data Triangulation
Figure 5 Ethyl & Methyl Cellulose to Be the Largest Polymer Material Type of Sustained Release Coating
Figure 6 Tablet Substrate to Dominate the Sustained Release Coating Market
Figure 7 North America Accounted for the Largest Market Share in 2018
Figure 8 Sustained Release Coating Market to Witness A Moderate Growth Between 2019 and 2024
Figure 9 Hvac to Be the Fastest-Growing Substrate
Figure 10 in Vitro to Be the Fastest-Growing Application Type of Sustained Release Coating
Figure 11 China Accounted for the Largest Market Share in APAC
Figure 12 India to Be the Fastest-Growing Market Between 2019 and 2024
Figure 13 Factors Governing the Sustained Release Coating Market
Figure 14 Sustained Release Coating Market: Porter’s Five Forces Analysis
Figure 15 in Vitro to Be the Larger Application Segment in the Sustained Release Coating Market
Figure 16 Ethyl & Methyl Cellulose to Dominate the Sustained Release Coating Market
Figure 17 Tablet to Be the Leading Substrate of Sustained Release Coating
Figure 18 India to Be the Fastest-Growing Sustained Release Coating Market
Figure 19 APAC: Sustained Release Coating Market Snapshot
Figure 20 North America: Sustained Release Coating Market Snapshot
Figure 21 Companies Adopted New Product Launch as the Key Growth Strategies Between 2015 and 2019
Figure 22 Sustained Release Coating S Market (Global): Competitive Leadership Mapping, 2018
Figure 23 Market Ranking Analysis
Figure 24 BASF.: Company Snapshot
Figure 25 BASF: SWOT Analysis
Figure 25 Evonik: Company Snapshot
Figure 26 Evonik: SWOT Analysis
Figure 27 Colorcon: Company Snapshot
Figure 28 Colorcon: SWOT Analysis
Figure 29 Coating Place: Company Snapshot
Figure 30 Coating Place: SWOT Analysis

The study involved four major activities in estimating the current market size of sustained release coatings. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation methods were used to estimate the market size of the segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources, such as Hoovers, Bloomberg, and BusinessWeek, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; gold standard & silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The sustained release coating market comprises several stakeholders, such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations. The demand side for this market is characterized by the development of pharmaceutical drug manufacturers and applications, such as In Vitro and In Vivo. The supply side is characterized by advancements in functions, technologies, and diverse end-use industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents:

Sustained Release Coatings Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both the top-down and bottom-up approaches were used to estimate and validate the overall size of the sustained release coating market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry were identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. Data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, and forecast the global sustained release coating market, in terms of value
  • To provide information about the factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the market
  • To analyze and forecast the sustained release coatings market based on applications, polymer material types, and substrates
  • To analyze and forecast the market size, with respect to five main regions (along with their respective key countries), namely, North America, Europe, APAC, the Middle East & Africa, and South America
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and their contribution to the overall market
  • To analyze competitive developments, for instance, new product developments in the market
  • To analyze opportunities in the market for stakeholders and provide details of a competitive landscape of the market leaders
  • To strategically profile the key players in the market and comprehensively analyze their core competencies

Scope of the report

Report Metric

Details

Years considered for the study

2017–2024

Base year

2018

Forecast period

2019–2024

Units considered

Value (USD)

Segments

Application, Substrate, Polymer Material, and Region

Regions

APAC, North America, Europe, South America, and Middle East & Africa

Companies

Colorcon (US), BASF (Germany), Evonik (Germany), and Coating Place (US)

This research report categorizes the sustained release coatings market based on polymer material, substrate, application, and region.

On the basis of application, the sustained release coating market is segmented as follows:

  • In Vitro
  • In Vivo

On the basis of substrate, the sustained release coating market is segmented as follows:

  • Tablets
  • Capsules
  • Pills

On the basis of polymer material, the sustained release coatings market is segmented as follows:

  • Ethyl & methyl cellulose
  • Polyvinyl & cellulose acetate
  • Methacrylic acid
  • PEG
  • Others

On the basis of region, the sustained release coating market is segmented as follows:

  • APAC
  • North America
  • Europe
  • South America
  • Middle East & Africa

Available Customizations:

 MarketsandMarkets offers customizations according to the specific needs of the companies with the given market data.

The following customization options are available for the report:

Product Analysis:

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • Further breakdown of a specific country based on substrates

Company Information:

  • Detailed analysis and profiling of top market players
Report Code
CH 7178
Published ON
Jun, 2019
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