According to the current analysis of Reports and Data, the global sustained release coatings Market was valued at USD 476.85 million in 2019 and is expected to reach USD 761.93 Million by the year 2027, at a CAGR of 6.06 %. With the increasing demand in microencapsulated products, significant 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 coating on the basis of application type can be classified into: In Vitro and In Vivo. The substrate segment can be classified into tablets, capsules, and pills. The In Vitro segment is the largest application of sustained release coating and is expected to continue till 2027. The market in the In Vitro application is driven by the continuous expenditure of the pharmaceutical companies in their RD. In this application areas are pharmaceutical companies’ RD domain, government laboratories, contract research organizations, and many private research organizations. Ethyl methyl cellulose and PEG are the major polymer type materials, which are used mostly for In Vitro applications.
Top Companies Operating in the Global Sustained Release Coatings Market:
Colorcon, BASF, Evonik., Coating Place, Allergan plc., Bausch Health Companies Inc., Coating Place Inc., Mylan N.V., Pfizer Inc., Sun Pharmaceutical Industries Ltd., Teva Pharmaceutical Industries Ltd.
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Further key findings from the report suggest
- Sustained release coatings have a rising demand due to the presence of pharmaceutical manufacturers in the region. The region’s annual growth in RD spending indicates a period of stability, security, and healthy competition.
- In the application type: In Vitro application blends of an aqueous dispersion of a hydrophobic and hydrophilic polymer, namely Surelease hydroxypropyl methylcellulose, was used as coating materials to control the drug release from coated pellets of the highly water-soluble drug metoprolol succinate.
- Due to its variant applications and availability in the market, the in vitro application holds the majority of the market share.
- Currently, Asia-Pacific holds the highest market share of Sustained release coatings due to its growing requirement in the petrochemical and automobile industry. According to Asia Chemistry Council, the higher demand is resulting from larger amounts of new capacity being sold into the export markets as well as pharmaceutical sales that have grown at strong rates.
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Sustained Release Coatings Market Segmentation
Substrate Type (Revenue, USD Million; Volume in Tons, 2017–2027)
- Capsules
- Tablets
- Pills
Polymer material Type (Revenue, USD Million; Volume in Tons, 2017–2027)
- Ethyl and Methyl cellulose
- Polyvinyl and Cellulose Acetate
- Polyethylene glycol (PEG)
- Methacrylic acid
Application Type (Revenue, USD Million; Volume in Tons, 2017–2027)
- In Vitro
- In Vivo
The report is written with the aid of industry analysts, market segmentation, and data collection in order to assist readers in making profitable business decisions. The report includes a comprehensive database of technical and product advances. It also provides information on growth rates and market value, as well as a thorough examination of niche market segments. The report provides strategic advice to newcomers and existing businesses about how to make profitable and well-informed business decisions.
The Sustained Release Coatings market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Sustained Release Coatings market.
The global Sustained Release Coatings market is segmented into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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