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Tablet Coating Market Size

Report ID: GMI5552
Published Date: May 2023
Report Format: PDF

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Tablet Coating Market Size

Tablet Coating Market size was valued at around USD 831.7 million in 2022 and is expected to grow at a CAGR of 5.8% from 2023 to 2032. The growth of this industry is attributed to the factors such as growing pharmaceutical industries, increasing demand for biopharmaceuticals, increasing adoption of orphan drugs, and rising demand for nutraceuticals.

Tablet Coating Market

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Tablet coating is the method of applying coating materials to the surface of a tablet to obtain desirable pre-formulation qualities over the uncoated kind. The growth of the pharmaceutical sector and the associated R&D activities are expected to drive market growth. The growing geriatric population and the subsequently increasing prevalence of chronic diseases among this age group are expected to propel market growth.

Tablet Coating Market Report Attributes
Report Attribute	Details
Base Year:	2022
Tablet Coating Market Size in 2022:	USD 831.7 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5.8%
2032 Value Projection:	USD 1.45 Billion
Historical Data for:	2018 to 2022
No. of Pages:	160
Tables, Charts & Figures:	282
Segments covered:	Polymer type, Type, Functionality, End-user, and Region
Growth Drivers:	Growing pharmaceutical industry Increasing demand for biopharmaceuticals Growing geriatrics market Increasing adoption of orphan drugs Rising demand for nutraceuticals
Pitfalls & Challenges:	Stringent regulatory policies Time and cost exhaustive drug development process

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Market size for tablet coating was USD 831.7 million in 2022 and will record 5.8% CAGR from 2023-2032 due to the rapidly rising pharmaceutical sector worldwide.

The cellulosic polymer segment held a significant share of the tablet coating market in 2022 driven by the growing need for good film strength and aqueous solubility.

Tablet coating industry size in Europe will gain significant momentum through 2032 owing to the robust presence of a number of pharmaceuticals with large scale production capacities.

Colorcon, Merck KGaA, Sensient Technologies Corporation, JRS Pharma, Evonik Industries AG, Ashland Global Holding, Inc., DuPont De Nemours, Inc., Kerry Group plc, Roquette Frères, and Eastman Chemical Company are some of the major tablet coating firms.