Tablet Coatings Market

Tablet Coatings Market by Polymer (Cellulosic, Vinyl, Acrylic), Functionality (Delayed Release, Sustained Release), Type (Sugar Coated, Film Coated, Enteric Coated), End User (Pharmaceutical, Nutraceutical), COVID-19 Impact - Global Forecast to 2025

Report Code: PH 7846 Feb, 2021, by marketsandmarkets.com

[243 Pages Report] The tablet coatings market is projected to reach USD 969 million by 2025 from USD 739 million in 2020, at a CAGR of 5.6% during the forecast period. Growth in this market is majorly driven by the growing pharmaceutical industry coupled with the increasing R&D activities taking place in this field. Also, the growing generics market, rapidly growing biopharmaceuticals sector, growing nutraceutical industry, and the rising adoption of orphan drugs are supporting the growth of the market. Additionally, the shifting focus of pharmaceutical manufacturing to emerging markets along with the increasing outsourcing of operations to these countries and the growing biologics and biosimilars industry present significant opportunities for market growth. The rising focus on sports nutrition and the technological advancements taking place in niche market areas also offers significant growth opportunities for players operating in this space.

On the other hand, the increasing regulatory stringency regarding the approval of drugs and excipients along with the cost and time-intensive drug development process; the high cost associated with the microencapsulation process and the unfavorable drug price control policies are expected to restrain the growth of this market during the forecast period. Additionally, increasing safety & quality concerns, increasing penetration of counterfeit drugs, changing trade policies among countries and alcohol dose-dumping of sustained-release dosages pose significant challenges to the growth of this market.

Tablet Coatings Market

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COVID-19 Impact on Global Tablet Coatings Market

COVID-19 has given momentum to the pharmaceutical and nutraceutical market. Currently, there is a high demand for pharmaceutical products to treat COVID-19. This is expected to boost the demand for products such as tablet coating excipients. The clinical trial pipeline for COVID-19 includes a list of 155 molecules in various stages of development. As the maximum number of molecules are repurposed drugs that are already approved for other infections and inflammatory diseases, higher stages of development (namely phase 2 trials) hold the largest share of the drug development pipeline. Moreover, compassionate use allows for the use of an unlicensed drug (licenses can take years or decades) when no other options are available for treating high-risk patients. On April 6, 2020, RedHill Biopharma announced that it had received authorization from the Italian National Institute for Infectious Diseases and the Central Italian Ethics Committee (EC) for an expanded access program (EAP), allowing the immediate and compassionate use of its investigational drug, opaganib (Yeliva), in Italy for patients with confirmed COVID-19 infections with life-threatening clinical manifestations. Considering such developments, it is expected that the production and use of unlicensed drugs are expected to increase in the coming years. This is expected to drive the demand for tablet coatings.

Tablet Coatings Market Dynamics

Driver:  Surge in the generic market

Generic drugs are cost-effective and have similar therapeutic effectiveness and safety profiles as their branded counterparts. This market segment has received a boost due to the lower cost of generics. In 2018, the US healthcare system was able to save around USD 292.6 billion due to the increased adoption of generic drugs; Medicare and Medicaid saved USD 90.3 billion and USD 46.8 billion, respectively (Source: Association of Accessible Medicines). Considering such cost advantages, governments in various countries are promoting the use of generic drugs.  Generics are gaining traction globally. This is due to a large number of drugs going off-patent and healthcare reforms favoring generics. According to the National Pharmaceutical Services report (2017), over 31 drugs are expected to lose their patent in 2018, and approximately 47 drugs are set to face patent expiration between 2019 and 2022. Some of the major players such as Merck, Novartis, Bristol-Myers Squibb, and Eli Lilly are all expected to lose patents on important medications. According to industry experts, between 2012 and 2019, generic erosion (resulting from the patent cliff) is expected to result in significant revenue and volume losses for the branded drugs industry. This will enable the entry of cheaper generic counterparts in the market, which will boost the volume of drugs sold. In addition, the growing affordability and increasing healthcare expenditure in emerging economies are expected to drive the sales volume of generics in the forecast period. This is considered a positive indicator of the growth of the excipients such as tablet coatings.

Restraint: Unfavorable drug price control policies

Over the last few years, there has been a gradual increase in the regulation of pharmaceutical drug prices globally. Regulated drug prices mostly result in revenue losses to pharmaceutical companies. These revenue losses lead to a reduction in global R&D spending, which results in fewer new molecular entities (NMEs) being developed per annum. Such price control policies that reduce pharmaceutical revenues may provide modest relief to individual purchasers; however, they pose risks to long-term innovation in the pharmaceutical industry. Such changes in pricing policies across the globe will affect the development of the overall pharmaceutical industry, in turn affecting its dependent markets such tablet coatings.

Opportunity: Rising focus on sports nutrition

Sports nutrition, once considered a niche market, is now one of the fastest-growing and largest supplement markets due to the entry of active mainstream consumers seeking healthy living and fitness. The sports nutrition segment was one of the earliest adopters of dietary supplements. While sports powders, drinks, and bars are the most popular delivery forms for protein—which comprise the bulk of sales in sports nutrition—other delivery forms still see demand for a wide range of supplements. HPMC capsules with unique acid-resistant properties are suitable for acid-sensitive ingredients such as creatine (for energy), enzymes (for digestion and inflammation), amino acids (for endurance and muscle recovery), and probiotics (for digestive health). Lipid multi-particulates (LMP) technology, offers modified release and taste-masking capabilities. Such formulations help address various needs for exercise recovery and general good health. Thus, the increasing focus on sports nutrition is expected to boost the oral formulations market in the coming years, in turn supporting the growth of the tablet coatings market.

Challenge: Changing trade policies between countries

With the current changes in government policies all over the world, upcoming trade policies could prove to be a challenge for the pharmaceutical industry, and in turn, the excipients industry. Trade between the developing countries who are considered to be pharmerging countries such as China, India, and Brazil and developed countries like the US and European countries, who are top markets in the industry, could be severely affected. BREXIT is another pressing issue in this market. The possibility of fallout originating from Britain’s exit from the EU has led companies to consider shifting—or shift—their manufacturing from the UK to Germany, France, and other European countries. Although the effects of BREXIT on the pharmaceutical industry are still unclear, companies like Novartis, Astra Zeneca, and Roche have already shifted manufacturing sites in order to reduce any further risks.

The cellulose polymers segment is expected to grow at the highest CAGR during the forecast period

Based on the polymers used for manufacture of tablet coatings, the cellulosic polymers segment accounted for the largest share of the global tablet coatings market in 2019. The large share of this segment can be attributed to the high adoption of these polymers owing to the ability to form coatings generally having acceptable properties such as good film strength, aqueous solubility, and compressibility, less sensitivity to wet granulation, flowability, and better tableting at a low price. Factors such as the the global regulatory acceptance and ready availability from a number of vendors are also the adoption of these polymers for coating applications.

The non-functional non-modifying coatings segment is expected to account for the largest share of the tablet coatings market

Based on functionality, the non-functional non-modifying coatings segment commanded the largest share in 2019. The large share of this segment can be attributed to high use of these coatings for the manufacture of immediate-release dosage forms. Also, these coats offer the advantages of protection against light and moisture, easy identification, improved swallowability, taste masking, mechanical strength, and improved safety and ease of handling. This is further supporting their adoption in the manufacture of oral solid dosages. Furthermore, the growing demand for innovative drug delivery formulations and increasing focus on nutraceuticals and dietary supplements using immediate-release coatings will continue to drive market growth.

The film-coated tablets segment is expected to grow at the highest rate during the forecast period

The tablet coatings market is segmented into film-coated, sugar-coated, gelatin-coated, enteric-coated tablets and other tablet coatings based on type. In 2019, the film-coated segment dominated the tablet coatings market, by type, and is also expected to grow at the highest CAGR during the forecast period. The demand for film-coated tablets is high in the pharmaceutical industry due to the benefits of shorter processing times, fairly thin coats obtained as compared to other coating type, high resistance to mechanical influences, and addition of functional properties to the tablets. These coatings also minimize the risk of medication errors leveraging pigments/ colors for identification and also improves patient compliance through aesthetic appeal which further support market growth.

The pharmaceutical industry end-user segment is expected to account for the largest share of the tablet coatings market

The tablet coatings market, by end-user, is segmented into pharmaceutical and nutraceutical industry. The pharmaceutical industry segment accounted for the largest market share in 2019. The demand for tablet coatings in the pharmaceutical industry is largely driven by the increasing number of drugs launched as tablet formulations and growing prevalence of diseases for which tablet-based formulations form the primary treatment. The rising demand for innovative drug delivery formulations is also supporting the growth of the tablet coatings market for the pharmaceutical industry.

Europe is expected to account for the largest share of the tablet coatings market in 2019

In 2019, Europe accounted for the largest share of the tablet coatings market, followed by North America, the Asia Pacific, Latin America, and the Middle East & Africa. The large share of this market segment can be characterized by the presence of a number of pharmaceutical giants with large production capacities leading to a high consumption of excipients. The growing emphasis on superior pharmaceutical products, generics, and biosimilars has also led to the increase in the demand for novel excipients, which, in turn, is expected to drive the market growth in this region in the coming years.

Tablet Coatings Market by Region

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Key Market Players

The prominent players in this market are Colorcon Inc. (US), Sensient Technologies Corporation (US), BASF SE (Germany), Evonik Industries AG (Germany), Ashland Global Holdings Inc. (US), DuPont De Numeours Inc. (US), Kerry Group plc (Ireland), Roquette Freres (France), Eastman Chemical Company (US), Air Liquide S.A. (France), and Merck KGaA (Germany).

Scope of Market

Report Metric

Details

Market size available for years

2018–2025

Base year considered

2019

Forecast period

2020–2025

Forecast units

Value (USD)

Segments covered

Polymer Type, Functionality, Type, End User

Geographies covered

North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa

Companies covered

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

The study categorizes the Tablet Coatings Market based on polymer type, functionality, type, end user, and regional and global level.

Global Tablet Coatings Market, by Polymer Type

  • Cellulosic Polymers
  • Vinyl Derivatives
  • Acrylic Polymers
  • Other Polymers

Global Tablet Coatings Market, by Functionality

  • Non-functional non-modifying coatings
  • Functional modifying coatings
  • Functional non-modifying coatings

Global Tablet Coatings Market, by Type

  • Film-coated tablets
  • Sugar-coated tablets
  • Enteric-coated tablets
  • Gelatin-coated tablets
  • Other tablet coatings

Global Tablet Coatings Market, by End User

  • Pharmaceutical Industry
  • Nutraceutical Industry

Global Tablet Coatings Market, by Region

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Switzerland
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Rest of Middle East & Africa

Recent Developments

  • In 2020, Colorcon launched the Acryl-EZE II film coating line which extends the pH range covered by its enteric coatings.
  • In 2020, Evonik launched the EUDRATEC Fasteric releases, an advanced oral drug delivery technology that provides enteric protection followed by rapid, homogeneous release for effective targeting of the upper small intestine.
  • In 2019, Ashland announced the launch of Aquarius Nutra TF, which provides titanium oxide-based coating to tablets in the European market.
  • In 2019, Kerry Group opened its new USD 22 million (EUR 20 million) state-of-the-art facility in Bangalore, India to serve the Taste & Nutrition business division’s global and regional customers in the South West Asia region.
  • In 2017, BASF Group opened the Innovation Campus Asia Pacific in India, marking the largest R&D investment in South Asia. The company invested USD 61.6 million (EUR 50 million) in this center to increase its global and regional research activities.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION & SCOPE
           1.2.1 INCLUSIONS AND EXCLUSIONS
           1.2.2 MARKETS COVERED
                 FIGURE 1 TABLET COATINGS MARKET
           1.2.3 YEARS CONSIDERED FOR THE STUDY
    1.3 CURRENCY
    1.4 STAKEHOLDERS
    1.5 LIMITATIONS

2 RESEARCH METHODOLOGY (Page No. - 31)
    2.1 RESEARCH APPROACH
        FIGURE 2 RESEARCH DESIGN
           2.1.1 SECONDARY RESEARCH
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY RESEARCH
                    2.1.2.1 Primary sources
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Breakdown of primaries
                            FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
    2.2 MARKET SIZE ESTIMATION
        FIGURE 4 MARKET SIZE ESTIMATION: REVENUE SHARE ANALYSIS
        FIGURE 5 REVENUE SHARE ANALYSIS ILLUSTRATION: ASHLAND
        FIGURE 6 MARKET ANALYSIS APPROACH
        FIGURE 7 TOP-DOWN APPROACH
        FIGURE 8 CAGR PROJECTIONS
    2.3 DATA TRIANGULATION APPROACH
        FIGURE 9 DATA TRIANGULATION METHODOLOGY
    2.4 MARKET SHARE ESTIMATION
    2.5 ASSUMPTIONS FOR THE STUDY
    2.6 COVID-19 HEALTH ASSESSMENT
    2.7 COVID-19 ECONOMIC ASSESSMENT
    2.8 ASSESSING THE IMPACT OF COVID-19 ON THE ECONOMIC SCENARIO
        FIGURE 10 CRITERIA IMPACTING THE GLOBAL ECONOMY
        FIGURE 11 RECOVERY SCENARIO OF THE GLOBAL ECONOMY

3 EXECUTIVE SUMMARY (Page No. - 45)
  FIGURE 12 TABLET COATINGS MARKET, BY POLYMER TYPE, 2020 VS. 2025 (USD MILLION)
  FIGURE 13 TABLET COATINGS MARKET, BY FUNCTIONALITY, 2020 VS. 2025 (USD MILLION)
  FIGURE 14 TABLET COATINGS MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION)
  FIGURE 15 TABLET COATINGS MARKET, BY END USER, 2020 VS. 2025 (USD MILLION)
  FIGURE 16 GEOGRAPHIC ANALYSIS: TABLET COATINGS MARKET

4 PREMIUM INSIGHTS (Page No. - 50)
    4.1 TABLET COATINGS MARKET OVERVIEW
        FIGURE 17 RISING DEMAND FOR INNOVATIVE DRUG DELIVERY FORMULATIONS TO DRIVE MARKET GROWTH
    4.2 LATIN AMERICA: TABLET COATINGS MARKET, BY FUNCTIONALITY AND COUNTRY
        FIGURE 18 NON-FUNCTIONAL NON-MODIFYING COATINGS SEGMENT ACCOUNTED FOR THE LARGEST SHARE OF THE LATIN AMERICAN MARKET IN 2019
    4.3 TABLET COATINGS MARKET: GEOGRAPHIC GROWTH OPPORTUNITIES
        FIGURE 19 CHINA TO REGISTER THE HIGHEST REVENUE GROWTH DURING THE FORECAST PERIOD
    4.4 TABLET COATINGS MARKET, BY REGION (2018–2025)
        FIGURE 20 EUROPE WILL CONTINUE TO DOMINATE THE TABLET COATINGS MARKET DURING THE FORECAST PERIOD
    4.5 TABLET COATINGS MARKET: DEVELOPED VS. DEVELOPING MARKETS
        FIGURE 21 DEVELOPING MARKETS TO REGISTER A HIGHER GROWTH RATE DURING THE FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        TABLE 1 TABLET COATINGS MARKET: IMPACT ANALYSIS
           5.2.1 MARKET DRIVERS
                    5.2.1.1 Growing pharmaceuticals market
                            FIGURE 22 GLOBAL PHARMACEUTICAL DRUG SALES (2008–2022)
                            FIGURE 23 TOTAL R&D PIPELINE SIZE (2011–2017)
                    5.2.1.2 Surge in the generics market
                            TABLE 2 DRUGS GOING OFF-PATENT
                            FIGURE 24 GROWTH OF THE GENERICS MARKET, 2006 VS. 2016
                    5.2.1.3 Increasing uptake of biopharmaceuticals
                    5.2.1.4 Rising adoption of orphan drugs
                            FIGURE 25 INCREASING PENETRATION OF ORPHAN DRUGS (2010–2024)
                            FIGURE 26 RISING NUMBER OF ORPHAN INDICATIONS APPROVED IN THE US
                    5.2.1.5 Growing demand for nutraceuticals
           5.2.2 MARKET RESTRAINTS
                    5.2.2.1 Cost and time-intensive drug development process
                            FIGURE 27 ESTIMATED PRE-APPROVAL COST OF BRINGING A NEW CHEMICAL OR BIOLOGICAL ENTITY TO MARKET (1970–2010)
                    5.2.2.2 Increasing regulatory stringency
                    5.2.2.3 High cost associated with the microencapsulation process in sustained-release formulations
                    5.2.2.4 Unfavorable drug price control policies
           5.2.3 MARKET OPPORTUNITIES
                    5.2.3.1 Shifting focus of pharmaceutical manufacturing and outsourcing of operations to emerging countries
                    5.2.3.2 Growth in the biosimilars market
                            FIGURE 28 TOTAL NUMBER OF NEW MOLECULAR ENTITY (NME) & NEW BIOLOGIC LICENSE APPLICATION (BLA) FILINGS AND APPROVALS IN THE US, 2006–2018
                            TABLE 3 CLINICAL STUDIES FOR BIOLOGICS & BIOSIMILARS (2017)
                            TABLE 4 US: INDICATIVE LIST OF APPROVED BIOSIMILARS
                    5.2.3.3 Rising focus on sports nutrition
                    5.2.3.4 Technological advancements in niche markets
           5.2.4 MARKET CHALLENGES
                    5.2.4.1 Safety and quality concerns
                    5.2.4.2 Changing trade policies between countries
                    5.2.4.3 Increasing penetration of counterfeit drugs in the market
                    5.2.4.4 Alcohol-induced dose-dumping due to sustained-release dosages

6 INDUSTRY INSIGHTS (Page No. - 71)
    6.1 INTRODUCTION
    6.2 INDUSTRY TRENDS
           6.2.1 NEED FOR SOLVENT/LIQUID-FREE COATING TECHNOLOGIES
           6.2.2 TECHNOLOGICAL ADVANCEMENTS
           6.2.3 IMPROVING EXCIPIENT CAPABILITIES BY USING NANOTECHNOLOGY
           6.2.4 PHARMACEUTICAL EXCIPIENTS INFLUENCING THE COST OF PRODUCTION
    6.3 PORTER’S FIVE FORCES ANALYSIS
        TABLE 5 TABLET COATINGS MARKET: PORTER’S FIVE FORCES ANALYSIS
           6.3.1 THREAT OF NEW ENTRANTS
           6.3.2 THREAT OF SUBSTITUTES
           6.3.3 BARGAINING POWER OF SUPPLIERS
           6.3.4 BARGAINING POWER OF BUYERS
           6.3.5 INTENSITY OF COMPETITIVE RIVALRY
    6.4 REGULATORY ANALYSIS
           6.4.1 NORTH AMERICA
                    6.4.1.1 US
                    6.4.1.2 Canada
           6.4.2 EUROPE
           6.4.3 ASIA PACIFIC
                    6.4.3.1 Japan
                    6.4.3.2 China
                    6.4.3.3 India
    6.5 VALUE CHAIN ANALYSIS
        FIGURE 29 TABLET COATINGS MARKET: VALUE CHAIN ANALYSIS
    6.6 ECOSYSTEM ANALYSIS
           6.6.1 ECOSYSTEM ANALYSIS FOR THE PHARMACEUTICAL MARKET
           6.6.2 ECOSYSTEM ANALYSIS FOR THE TABLET COATINGS MARKET
                 FIGURE 30 TABLET COATINGS MARKET: ECOSYSTEM ANALYSIS
    6.7 PARENT MARKET ANALYSIS
        FIGURE 31 PHARMACEUTICAL EXCIPIENTS MARKET SNAPSHOT
    6.8 IMPACT OF COVID-19 ON THE TABLET COATINGS MARKET
    6.9 PATENT ANALYSIS
           6.9.1 PATENT PUBLICATION TRENDS FOR PHARMACEUTICAL COATING EXCIPIENTS
                 FIGURE 32 PATENT PUBLICATION TRENDS (2015–2020)
           6.9.2 TOP APPLICANTS (COMPANIES/INSTITUTIONS) FOR PHARMACEUTICAL COATING EXCIPIENTS
                 FIGURE 33 TOP APPLICANTS (COMPANIES/INSTITUTIONS) FOR PHARMACEUTICAL COATING EXCIPIENT PATENTS (2015–2020)
           6.9.3 JURISDICTION ANALYSIS: TOP APPLICANTS (COUNTRIES) FOR PHARMACEUTICAL COATING EXCIPIENT PATENTS
                 FIGURE 34 TOP APPLICANT COUNTRIES FOR PHARMACEUTICAL COATING EXCIPIENT PATENTS (2015–2020)

7 TABLET COATINGS MARKET, BY POLYMER TYPE (Page No. - 87)
    7.1 INTRODUCTION
        TABLE 6 TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
    7.2 CELLULOSIC POLYMERS
           7.2.1 HIGH COMPRESSIBILITY AND AQUEOUS SOLUBILITY OF THESE POLYMERS DRIVING THEIR ADOPTION
                 TABLE 7 TABLET COATINGS MARKET FOR CELLULOSIC POLYMERS, BY COUNTRY, 2018–2025 (USD MILLION)
    7.3 VINYL DERIVATIVES
           7.3.1 SELF-SEALING AND HIGH ADHESION CHARACTERISTICS ARE IMPROVING THE UTILITY OF THESE COPOLYMERS
                 TABLE 8 TABLET COATINGS MARKET FOR VINYL DERIVATIVES, BY COUNTRY, 2018–2025 (USD MILLION)
    7.4 ACRYLIC POLYMERS
           7.4.1 ACRYLIC POLYMERS CAN BE USED WITH VARIOUS SOLVENTS AND PROVIDE HIGH VERSATILITY FOR USE AS COATINGS
                 TABLE 9 TABLET COATINGS MARKET FOR ACRYLIC POLYMERS, BY COUNTRY, 2018–2025 (USD MILLION)
    7.5 OTHER POLYMERS
        TABLE 10 TABLET COATINGS MARKET FOR OTHER POLYMERS, BY COUNTRY, 2018–2025 (USD MILLION)

8 TABLET COATINGS MARKET, BY FUNCTIONALITY (Page No. - 96)
    8.1 INTRODUCTION
        TABLE 11 TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
    8.2 NON-FUNCTIONAL NON-MODIFYING COATINGS
           8.2.1 IMPROVED SWALLOWABILITY AND DRUG STABILITY OFFERED BY THESE COATINGS ARE DRIVING THEIR ADOPTION
                 TABLE 12 TABLET COATINGS MARKET FOR NON-FUNCTIONAL NON-MODIFYING COATINGS, BY COUNTRY, 2018–2025 (USD MILLION)
    8.3 FUNCTIONAL MODIFYING COATINGS
           8.3.1 INCREASING RESEARCH ACTIVITIES FOR SUSTAINED-RELEASE FORMULATIONS TO PROPEL MARKET GROWTH
                 TABLE 13 TABLET COATINGS MARKET FOR FUNCTIONAL MODIFYING COATINGS, BY COUNTRY, 2018–2025 (USD MILLION)
    8.4 FUNCTIONAL NON-MODIFYING COATINGS
           8.4.1 GROWING PREFERENCE FOR TARGETED-DRUG DELIVERY IS DRIVING THE ADOPTION OF THESE COATINGS
                 TABLE 14 TABLET COATINGS MARKET FOR FUNCTIONAL NON-MODIFYING COATINGS, BY COUNTRY, 2018–2025 (USD MILLION)

9 TABLET COATINGS MARKET, BY TYPE (Page No. - 102)
    9.1 INTRODUCTION
        TABLE 15 TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
    9.2 FILM-COATED TABLETS
           9.2.1 FILM-COATED TABLETS SEGMENT DOMINATED THE MARKET IN 2019
                 TABLE 16 FILM-COATED TABLETS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
    9.3 SUGAR-COATED TABLETS
           9.3.1 SUGAR COATS ARE WIDELY USED FOR THE MANUFACTURE OF IMMEDIATE-RELEASE TABLETS
                 TABLE 17 SUGAR-COATED TABLETS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
    9.4 ENTERIC-COATED TABLETS
           9.4.1 LAUNCH OF NEW ENTERIC COATS IN THE MARKET SUPPORTING THEIR ADOPTION IN THE PHARMACEUTICAL INDUSTRY
                 TABLE 18 ENTERIC-COATED TABLETS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
    9.5 GELATIN-COATED TABLETS
           9.5.1 GEL-CAPS ARE MAJORLY USED FOR IMPROVING THE STABILITY OF PHOTOSENSITIVE ACTIVE PHARMACEUTICAL INGREDIENTS
                 TABLE 19 LIST OF DRUGS TYPICALLY SUBJECTED TO GELATIN COATING
                 TABLE 20 GELATIN-COATED TABLETS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
    9.6 OTHER TABLET COATINGS
        TABLE 21 OTHER TABLET COATINGS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)

10 TABLET COATINGS MARKET, BY END USER (Page No. - 111)
     10.1 INTRODUCTION
          TABLE 22 TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
     10.2 PHARMACEUTICAL INDUSTRY
             10.2.1 GROWING NEED TO ADDRESS FORMULATION-RELATED ISSUES DRIVING THE UPTAKE OF TABLET COATINGS
                    TABLE 23 TABLET COATINGS MARKET FOR PHARMACEUTICAL INDUSTRY, BY COUNTRY, 2018–2025 (USD MILLION)
     10.3 NUTRACEUTICAL INDUSTRY
             10.3.1 INCREASING DEMAND FOR QUALITY-SPECIALIZED DIETARY SUPPLEMENTS IS EXPECTED TO PROMOTE MARKET GROWTH
                    TABLE 24 TABLET COATINGS MARKET FOR NUTRACEUTICAL INDUSTRY, BY COUNTRY, 2018–2025 (USD MILLION)

11 TABLET COATINGS MARKET, BY REGION (Page No. - 116)
     11.1 INTRODUCTION
          FIGURE 35 TABLET COATINGS MARKET: GEOGRAPHIC SNAPSHOT (2019)
          TABLE 25 TABLET COATINGS MARKET, BY REGION, 2018–2025 (USD MILLION)
     11.2 EUROPE
          FIGURE 36 EUROPE: TABLET COATINGS MARKET SNAPSHOT
          TABLE 26 EUROPE: TABLET COATINGS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 27 EUROPE: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
          TABLE 28 EUROPE: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
          TABLE 29 EUROPE: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
          TABLE 30 EUROPE: TABLET COATINGS MARKET, BY END USER,  2018–2025 (USD MILLION)
             11.2.1 GERMANY
                        11.2.1.1 Germany held the largest share of the European market in 2019
                                 TABLE 31 GERMANY: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 32 GERMANY: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 33 GERMANY: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 34 GERMANY: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.2 FRANCE
                        11.2.2.1 Growth in the generics market in the country is expected to propel the tablet coatings market
                                 TABLE 35 FRANCE: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 36 FRANCE: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 37 FRANCE: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 38 FRANCE: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.3 UK
                        11.2.3.1 Growing domestic market for pharmaceuticals and various government investments are driving market growth
                                 TABLE 39 UK: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 40 UK: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 41 UK: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 42 UK: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.4 SWITZERLAND
                        11.2.4.1 Increasing R&D in the pharmaceutical industry will drive market growth in Switzerland
                                 TABLE 43 SWITZERLAND: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 44 SWITZERLAND: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 45 SWITZERLAND: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 46 SWITZERLAND: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.5 ITALY
                        11.2.5.1 Budgetary constraints and restricted healthcare spending to impede the growth of the Italian market
                                 TABLE 47 ITALY: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 48 ITALY: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 49 ITALY: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 50 ITALY: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.6 SPAIN
                        11.2.6.1 Increasing developments in the pharmaceutical packaging industry are propelling market growth in Spain
                                 TABLE 51 SPAIN: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 52 SPAIN: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 53 SPAIN: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 54 SPAIN: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.2.7 REST OF EUROPE
                    TABLE 55 ROE: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                    TABLE 56 ROE: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                    TABLE 57 ROE: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 58 ROE: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
     11.3 NORTH AMERICA
          FIGURE 37 NORTH AMERICA: TABLET COATINGS MARKET SNAPSHOT
          TABLE 59 NORTH AMERICA: TABLET COATINGS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 60 NORTH AMERICA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
          TABLE 61 NORTH AMERICA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
          TABLE 62 NORTH AMERICA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
          TABLE 63 NORTH AMERICA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.3.1 US
                        11.3.1.1 The US dominates the North American tablet coatings market
                                 FIGURE 38 USE OF DIETARY SUPPLEMENTS IN THE US (2008–2017)
                                 TABLE 64 US: KEY MACROINDICATORS
                                 TABLE 65 US: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 66 US: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 67 US: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 68 US: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.3.2 CANADA
                        11.3.2.1 Strong growth of emerging markets and slowdown in new product approvals to hamper market growth in Canada
                                 TABLE 69 CANADA: KEY MACROINDICATORS
                                 TABLE 70 CANADA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 71 CANADA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 72 CANADA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 73 CANADA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
     11.4 ASIA PACIFIC
          FIGURE 39 ASIA PACIFIC: TABLET COATINGS MARKET SNAPSHOT
          TABLE 74 ASIA PACIFIC: TABLET COATINGS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 75 ASIA PACIFIC: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
          TABLE 76 ASIA PACIFIC: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
          TABLE 77 ASIA PACIFIC: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
          TABLE 78 ASIA PACIFIC: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.1 JAPAN
                        11.4.1.1 Early adoption of technologically advanced products attracting market players to Japan
                                 TABLE 79 JAPAN: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 80 JAPAN: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 81 JAPAN: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 82 JAPAN: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.2 CHINA
                        11.4.2.1 China is one of the fastest-growing markets for tablet coatings
                                 TABLE 83 CHINA: PHARMACEUTICALS MARKET (USD BILLION)
                                 TABLE 84 CHINA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 85 CHINA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 86 CHINA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 87 CHINA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.3 INDIA
                        11.4.3.1 Growing contract manufacturing base in the country will drive market growth
                                 TABLE 88 INDIA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 89 INDIA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 90 INDIA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 91 INDIA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.4 SOUTH KOREA
                        11.4.4.1 Highly attractive medical tourism industry of South Korea to propel market growth
                                 TABLE 92 SOUTH KOREA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 93 SOUTH KOREA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 94 SOUTH KOREA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 95 SOUTH KOREA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.5 AUSTRALIA
                        11.4.5.1 Favorable R&D tax benefits offered in the country are expected to drive market growth
                                 TABLE 96 AUSTRALIA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 97 AUSTRALIA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 98 AUSTRALIA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 99 AUSTRALIA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.4.6 REST OF ASIA PACIFIC
                    TABLE 100 ROAPAC: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                    TABLE 101 ROAPAC: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                    TABLE 102 ROAPAC: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 103 ROAPAC: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
     11.5 LATIN AMERICA
          FIGURE 40 LATIN AMERICA: TABLET COATINGS MARKET SNAPSHOT
          TABLE 104 LATIN AMERICA: TABLET COATINGS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 105 LATIN AMERICA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
          TABLE 106 LATIN AMERICA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
          TABLE 107 LATIN AMERICA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
          TABLE 108 LATIN AMERICA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.5.1 BRAZIL
                        11.5.1.1 Growing focus on quality pharmaceuticals is a major factor driving market growth
                                 TABLE 109 BRAZIL: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 110 BRAZIL: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 111 BRAZIL: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 112 BRAZIL: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.5.2 MEXICO
                        11.5.2.1 Improving healthcare infrastructure to drive market growth in Mexico
                                 TABLE 113 MEXICO: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 114 MEXICO: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 115 MEXICO: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 116 MEXICO: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.5.3 REST OF LATIN AMERICA
                    TABLE 117 ROLA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                    TABLE 118 ROLA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                    TABLE 119 ROLA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 120 ROLA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
     11.6 MIDDLE EAST & AFRICA
          TABLE 121 MIDDLE EAST & AFRICA: TABLET COATINGS MARKET, BY COUNTRY, 2018–2025 (USD MILLION)
          TABLE 122 MIDDLE EAST & AFRICA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
          TABLE 123 MIDDLE EAST & AFRICA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
          TABLE 124 MIDDLE EAST & AFRICA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
          TABLE 125 MIDDLE EAST & AFRICA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.6.1 SAUDI ARABIA
                        11.6.1.1 Wider access to healthcare services is increasing the demand for pharmaceuticals
                                 TABLE 126 SAUDI ARABIA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 127 SAUDI ARABIA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                                 TABLE 128 SAUDI ARABIA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 129 SAUDI ARABIA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.6.2 UAE
                        11.6.2.1 Growing manufacturing base in the country is expected to support market growth
                                 TABLE 130 UAE: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                                 TABLE 131 UAE: TABLET COATINGS MARKET, BY FUNCTIONALITY,  2018–2025 (USD MILLION)
                                 TABLE 132 UAE: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                                 TABLE 133 UAE: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)
             11.6.3 REST OF MIDDLE EAST & AFRICA
                    TABLE 134 ROMEA: TABLET COATINGS MARKET, BY POLYMER TYPE, 2018–2025 (USD MILLION)
                    TABLE 135 ROMEA: TABLET COATINGS MARKET, BY FUNCTIONALITY, 2018–2025 (USD MILLION)
                    TABLE 136 ROMEA: TABLET COATINGS MARKET, BY TYPE, 2018–2025 (USD MILLION)
                    TABLE 137 ROMEA: TABLET COATINGS MARKET, BY END USER, 2018–2025 (USD MILLION)

12 COMPETITIVE LANDSCAPE (Page No. - 178)
     12.1 OVERVIEW
     12.2 KEY PLAYER STRATEGIES
     12.3 REVENUE SHARE ANALYSIS OF TOP MARKET PLAYERS
          FIGURE 41 REVENUE ANALYSIS OF TOP PLAYERS IN THE TABLET COATINGS MARKET
     12.4 MARKET SHARE ANALYSIS
          FIGURE 42 TABLET COATINGS MARKET SHARE, BY KEY PLAYER, 2019
     12.5 COMPETITIVE LEADERSHIP MAPPING
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE
             12.5.4 PARTICIPANTS
                    FIGURE 43 TABLET COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING (2019)
     12.6 COMPANY PRODUCT FOOTPRINT
          FIGURE 44 PRODUCT PORTFOLIO ANALYSIS: TABLET COATINGS MARKET
     12.7 GEOGRAPHIC FOOTPRINT OF MAJOR PLAYERS IN THE TABLET COATINGS MARKET
          FIGURE 45 GEOGRAPHIC REVENUE MIX: TABLET COATINGS MARKET (2019)
     12.8 COMPETITIVE SCENARIO
             12.8.1 PRODUCT LAUNCHES
                    TABLE 138 TABLET COATINGS MARKET: PRODUCT LAUNCHES, 2018–2020
             12.8.2 EXPANSIONS
                    TABLE 139 TABLET COATINGS MARKET: EXPANSIONS, 2018–2020
             12.8.3 ACQUISITIONS
                    TABLE 140 TABLET COATINGS MARKET: ACQUISITIONS, 2018–2020
             12.8.4 OTHER STRATEGIES
                    TABLE 141 TABLET COATINGS MARKET: OTHER STRATEGIES, 2018–2020

13 COMPANY PROFILES (Page No. - 189)
     13.1 KEY PLAYERS
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
             13.1.1 COLORCON, INC.
             13.1.2 SENSIENT TECHNOLOGIES CORPORATION
                    FIGURE 46 SENSIENT TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT (2019)
             13.1.3 BASF SE
                    FIGURE 47 BASF SE: COMPANY SNAPSHOT (2019)
             13.1.4 EVONIK INDUSTRIES AG
                    FIGURE 48 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT (2019)
             13.1.5 ASHLAND GLOBAL HOLDINGS INC.
                    FIGURE 49 ASHLAND GLOBAL HOLDINGS INC.: COMPANY SNAPSHOT (2020)
             13.1.6 DUPONT DE NEMOURS, INC.
                    FIGURE 50 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT (2019)
             13.1.7 ROQUETTE FRΘRES
                    FIGURE 51 ROQUETTE FRΘRES: COMPANY SNAPSHOT (2019)
             13.1.8 KERRY GROUP PLC
                    FIGURE 52 KERRY GROUP PLC: COMPANY SNAPSHOT
             13.1.9 EASTMAN CHEMICAL COMPANY
                    FIGURE 53 EASTMAN CHEMICAL COMPANY: COMPANY SNAPSHOT (2019)
             13.1.10 AIR LIQUIDE S.A.
                     FIGURE 54 AIR LIQUIDE S.A.: COMPANY SNAPSHOT (2019)
             13.1.11 MERCK KGAA
                     FIGURE 55 MERCK KGAA: COMPANY SNAPSHOT (2019)
             13.1.12 COREL PHARMA CHEM
             13.1.13 BIOGRUND GMBH
             13.1.14 IDEAL CURES PVT. LTD.
             13.1.15 WINCOAT COLOURS & COATINGS PVT. LTD.
     13.2 OTHER PLAYERS
             13.2.1 SPECTRUM CHEMICAL MFG. CORP.
             13.2.2 LUBRIZOL CORPORATION
             13.2.3 COATINGS PLACE, INC.
             13.2.4 AQUADRY PHARMA PVT. LTD.
             13.2.5 ARIES EXIM PVT. LTD.

*Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.

14 APPENDIX (Page No. - 234)
     14.1 INSIGHTS OF INDUSTRY EXPERTS
     14.2 DISCUSSION GUIDE
     14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.4 AVAILABLE CUSTOMIZATIONS
     14.5 RELATED REPORTS
     14.6 AUTHOR DETAILS

This study involved the extensive use of both primary and secondary sources. The research process involved the study of various factors affecting the industry to identify the segmentation types, industry trends, key players, competitive landscape, key market dynamics, and key player strategies.

Secondary Research

This research study involved the use of comprehensive secondary sources; directories and databases such as D&B, Bloomberg Business, and Factiva; and white papers, annual reports, and company house documents. Secondary research was used to identify and collect information for this extensive, technical, market-oriented, and commercial study of the global tablet coatings market. It was also used to obtain important information about the top players, market classification, and segmentation according to industry trends to the bottom-most level, geographic markets, technology perspectives, and key developments related to the market. A database of the key industry leaders was also prepared using secondary research.

Primary Research

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include industry experts such as CEOs, vice presidents, marketing and sales directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the tablet coatings market. The primary sources from the demand side include industry experts such as experts from drugs manufacturing companies, nutraceutical companies, and contract manufacturing organizations.

A breakdown of the primary respondents is provided below:

Tablet Coatings Market Size, and Share

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

Market Size Estimation

The market size estimates and forecasts provided in this study are derived through a mix of the bottom-up approach (segmental analysis of major segments) and top-down approach (assessment of utilization/adoption/penetration trends, by polymer type, functionality, type, end user, and region).

Data Triangulation

After arriving at the market size, the total tablet coatings market was divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments & subsegments, data triangulation, and market breakdown procedures were employed, wherever applicable.

Objectives of the Study

  • To define, describe, segment, and forecast the tablet coatings market by polymer type, functionality, type, end user, and region
  • To provide detailed information about the factors influencing the market growth (such as drivers, restraints, opportunities, and challenges)
  • To analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the overall tablet coatings market
  • To analyze market opportunities for stakeholders and provide details of the competitive landscape for key players
  • To forecast the size of the tablet coatings market in five main regions (along with their respective key countries), namely, North America, Europe, the Asia Pacific, Latin America, and the Middle East & Africa
  • To profile the key players in the tablet coatings market and comprehensively analyze their core competencies2 and market shares
  • To track and analyze competitive developments such as acquisitions; new product launches; expansions; collaborations, agreements, and partnerships; and R&D activities of the leading players in the tablet coatings market
  • To benchmark players within the tablet coatings market using the "Competitive Leadership Mapping" framework, which analyzes market players on various parameters within the broad categories of business and product strategy

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

Geographic Analysis

  • Further breakdown of the Rest of Asia Pacific tablet coatings market into Singapore, New Zealand, and others
  • Further breakdown of the Rest of Europe tablet coatings market into the Belgium, Netherlands, Denmark, and others
COVID-19

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Benchmarking the rapid strategy shifts of the Top 100 companies in the Tablet Coatings Market

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