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Tablet Coatings Market is Booming Worldwide with BASF Group, Kerry Group, Ashland Global, Evonik Industries

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Tablet Coatings Market is Booming Worldwide with BASF Group, Kerry Group, Ashland Global, Evonik Industries

June 23
16:15 2021
Tablet Coatings Market is Booming Worldwide with BASF Group, Kerry Group, Ashland Global, Evonik Industries
The popularity of tablets in dosage form as a medicine is one the key underpinnings in the advances in the tablet coatings market. This means that a large number of solid pharmaceutical dosage forms need coatings when consumed in oral form. In the backdrop of the continuous strides in the pharmaceutical industry, the market has made advances both in technologies and demand.

Tablet Coatings Market: Overview

Coatings of the tablet is a common technique of applying a thin polymer-based film to a pharmaceutical product comprising tablets or granules. The coating serves numerous purposes. Most broadly, coating the exterior of the pharmaceutical tablet controls the release profiles. This may endow certain desirable properties such as improving the stability of the cake profile, preventing drug-induced irritation at the GI site, preventing undesirable chemical reactions, taste masking, and odour masking. Coatings may also improve the taste of the tablet. Vast strides have been made in pharmaceutical technologies as also the art of masking method. Some of the contemporary techniques used in tablet coatings market are magnetically assisted impaction coating, electrostatic dry coating, compression coating, powder coating, supercritical fluid coating, and hot melt coating. The end-objective is developing tablets with desirable functional and visual profiles.

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Some of the key product types in the tablet coatings market are sugar coated tablets, film coated tablets, gelatin coated tablets, enteric coated tablets, and compression coating tablets, and electrostatic coatings.

The study on the tablet coatings market strives to offer an incisive assessment of the current and promising avenues, recently undertaken research and development activities by some prominent players, the market prospect of new coating methods.

Tablet Coatings Market: Key Trends

The popularity of tablets in dosage form as a medicine is one the key underpinnings in the advances in the tablet coatings market. This means that a large number of solid pharmaceutical dosage forms need coatings when consumed in oral form. In the backdrop of the continuous strides in the pharmaceutical industry, the market has made advances both in technologies and demand.

Growing investments on biopharmaceuticals by generic medicine makers is a key trend in the tablet coatings market. Growing need for biologics or biosimilar for several drugs that will go off-patent in next few years is the key driver for the expansion of the tablet coatings market. Strides made in sports medicine has created the need for new coating technologies to confer new release properties to the intended consumers.

However, despite the advent and adoption of new coating technologies, the problems in production haven’t reduced significantly. This means that with the growing complexity of APIs and changing quality requirements, there is need for further advancements in coating methods to develop pharmaceuticals without any functional defects.

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Tablet Coatings Market: Competitive Dynamics and Key Developments

Companies are coming out with innovative table coating techniques characterized by modularity and accuracy. A case in point is Supercell Coating Technology by GEA Pharma Systems Ltd. Sometimes, hygroscopic or friable tablets need novel tablet coatings. New techniques have also emerged in solventless coatings, with the objective of removing all visual and functional defects. The functional aspect is crucial keeping in mind the functionality of tablet release for intestines.

Some of the key players in the tablet coatings market are;

  • BASF Group
  • Kerry Group
  • Ashland Global
  • Evonik Industries
  • Colorcon
  • Niro Pharma Systems

Tablet Coatings Market: Regional Assessment

On the regional front, North America and Asia Pacific are remarkable lucrative markets. The growing concern of safety and efficacy of pharmaceuticals is the key factor shaping the demands in these regional markets. However, some economies in the region still need to adopt favorable drug price control policies. This has hindered the prospects. The demand for new drug formulations to serve the needs of new consumer cohort such as sportspersons has expanded the avenues in these regions.

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