Report Overview

Global Sustained Release Coatings Market- Industry Trends & Forecast Report 2028

The global sustained release coatings market was worth USD 494.2 Million in 2021, and it is further projected to reach USD 770.6 Million by 2028, at a CAGR of 6.9% during 2022-2028 (forecast period). The market's growth is attributed to the increase in the demand for micro-encapsulated products and pharmaceutical products for the effective treatment of patients. Rising demand for sustained release coatings in cancer and brain tumor-specific drug delivery is one of the major factors contributing to the growth of the global sustained release coatings market across the globe. In addition, the increased investments in research and development activities by the major market players is one of the major factors for the growth of the sustained-release coatings market across various economies throughout the forecast period.

Sustained Release Coatings Overview

Sustained-release coating, which is also known as controlled release profile, is a method that allows for customized dosing of the active ingredient at a prearranged rate over an absolute period of time (up to 24 hours) with the least side effects. It maintains a steady drug concentration by using film coating, a sustained release matrix, or sustained-release drug-loaded granules, particularly to maintain therapeutic levels of the patient. Sustained-release coatings can be given in different ways, such as tablets, capsules, and pills which work as a carrier for API and sustained release coatings.

Sustained Release Coatings Market Trends

Growth Drivers

Rising Pediatric And Geriatric Treatment Will Lift The Growth

Due to lower death rates and higher birth rates, the growing geriatric and pediatric population around the world has increased the number of patent terminations. As well as an increase in the demand for pharmaceutical products for pediatric and geriatric patients due to unhealthy lifestyles is propelling the sustained release coatings market forward. Patients in the pediatric and geriatric age groups require extra attention and the desired medicine dosage for improved recovery due to the accuracy level and fewer adverse effects of sustained-release coatings.

Investments In Research & Development And Technological Advancements

The expanding interest for microencapsulated items for the effective treatment of patients resulted in rising in R&D exercises in the sustained released coatings being done by different organizations in the global market, in this manner helping the growth in the sustained release coatings market. New advancements, for instance, sustained-release coatings, are required to tap specialty markets in disease and mind tumor-explicit medication conveyance. Technological advancements in sustained-release coating resulted in reducing the number of single doses per day, improving patient compliance of treatments, and decreasing plasma levels' fluctuations to obtain better therapeutic efficacy and lower toxicity.

Restraints

High-Cost Will Hinders The Growth Of Sustained Release Coatings Market

The high cost associated with the sustained release coatings market is the major factor restraining the global sustained release coatings market. The sustained release coatings are expensive as they require high investment in the research and development, expensive raw material, and heavy initial investment for the installation of the industry setup and other activities. Moreover, the heavy costs associated with the micro-encapsulation process are expected to further impede the growth of the sustained release coating market in the forecast period 2022-2028.

Impact Of COVID-19 On Sustained Release Coatings Market

There was a huge increase in the demand for coated pills during the pandemic. Governments and pharmaceutical and biotech companies worldwide have been working nonstop to combat the COVID-19 pandemic. As a result, tablet coating production and demand have soared. The demand for COVID-19 treatment has skyrocketed for commonly used drugs like hydroxychloroquine. Because many rich countries were experiencing a shortage of these pharmaceuticals, the rising demand has provided huge opportunities for COVID-19 management drug producers.

Global Sustained Release Coatings Market- By Type

The sustained release coatings market is fragmented into tablets, capsules and pills based on type. The tablet segment is expected to account for the largest share of the overall sustained release coatings market. The progress of mini-tablets is a key trend in this segment, which has earned promising attention due to its several advantages, including simplicity of manufacturing, less coating material required, less risk of dose dumping, and other advancements in this market. While capsule and pills, segments hold constant and minimal amount market share.

Global Sustained Release Coatings Market- By Application

The global sustained release coatings are segmented into In Vitro and In Vivo based on application. The In Vitro segment accounted for the largest revenue and held the major shares of the global sustained release market. The presence of numerous pharmaceutical organizations, R&D areas, government labs, private research associations is some of the factors that are anticipated to accelerate the in vitro application over the in vivo application in the global sustained release coating market.

Global Sustained Release Coatings Market- By Polymer Material

Based on polymer material, the global sustained release coating market has been fragmented into ethyl & methylcellulose, polyvinyl & cellulose acetate, methacrylic acid, PEG, and others. Amidst the segmentation, the ethyl & methylcellulose segment dominated the global sustained release coatings market in 2021 and is further anticipated to lead the market during the forecast period. They are favored over other materials owing to their use as a moisture barrier and in sustained release and taste-masking applications.

Global Sustained Release Coatings Market- Regional Insights

On a regional level, the sustained release coatings market is categorized into North America, Europe, the Asia-Pacific, Latin America, and the Middle East & Africa. North America is the largest sustained release coatings market among the regions, and it is expected to remain so during the forecast period. The sustained release coating market is growing due to the rising demand for microencapsulated tablets, capsules, and pills in the region. In addition, the sustained release coatings market in North America is predicted to grow at a steady pace due to the presence of a significant number of pharmaceutical giants and large investments in the development of novel medications and drug delivery systems.

Competitive Landscape

The key players dominating the sustained release coatings market are BASF SE, Evonik Industries, Colorcon, Coating Place, Inc, Panchsheel Organics Ltd, sbpanchal, and Meenaxy Pharma Pvt Ltd., LFA Machines Oxford LTD, Aurora, Merck KGaA, SEPPIC, Ashland, G. M. Chemie Pvt. Ltd and other prominent players. The players maintain their dominance in the market by investing in launching enhanced products and services to customers. Different strategies adopted are engaging strategic alliances and collaborations.

Recent Development

• January 2022: Depakote and Depakote ER Dosage- Depakote is available in the form of DR (delayed-release) pills and sprinkle capsules. Depakote extended-release (ER) is available in tablet form. Divalproex sodium, a generic version of the medicine, is also available. Depakote and Depakote ER belong to the antiepileptic medication class.

• April 2019: Colorcon Inc. has added a line of modified release products based on DuPont's Aquacoat technology to its coatings portfolio. Aquacoat ECD, colloidal dispersion of ethylcellulose polymer for prolonged-release, is part of the product range. Both pharmacological and nutritional solid dosage applications will benefit from the coatings.

Scope of Report:

By Type

• Capsules

• Pills

By Application

• In Vitro

• In Vivo

By Polymer Material

• Ethyl & Methyl Cellulose

• Polyvinyl & Cellulose Acetate

• Methacrylic Acid

• PEG

• Others

By Region

• North America

• Europe

• Asia Pacific

• South America

• Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global Sustained Release Coatings Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global Sustained Release Coatings Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Tablets
         2. Capsules
         3. Pills
      2. By Applications
         1. In Vitro
         2. In Vivo
      3. By Polymer Material
         1. Ethyl & Methyl Cellulose
         2. Polyvinyl & Cellulose Acetate
         3. Meth Acrylic Acid
         4. PEG
         5. Others
      4. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. South America
         5. The Middle East and Africa
6. North America Sustained Release Coatings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Applications
      3. By Polymer Material
      4. By Country
         1. United States
         2. Canada
7. Europe Sustained Release Coatings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Applications
      3. By Polymer Material
      4. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. The Asia Pacific Sustained Release Coatings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Applications
      3. By Polymer Material
      4. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America Sustained Release Coatings Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Applications
      3. By Polymer Material
      4. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. The Middle East & Africa Sustained Release Coatings Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Applications
       3. By Polymer Material
       4. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership)
12. Impact of COVID-19 on Sustained Release Coatings Market Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. BASF SE
    2. Evonik Industries
    3. Colorcon, Inc
    4. Coating Place, Inc.
    5. Panchsheel Organics Ltd.,
    6. Sbpanchal
    7. Meenaxy Pharma Pvt Ltd
    8. LFA Machines
    9. Oxford Ltd
    10. Aurora
    11. Merck KGaA
    12. SEPPIC
    13. Ashland
    14. G. M. Chemie Pvt. Ltd
    15. Laboratoria Wolfs
    16. Apv Engineered Coatings
    17. Tris Pharma
    18. Correlimage
    19. Other Prominent Players
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        Global Sustained Release Coatings Segmentation

Figure 2        Global Sustained Release Coatings Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        Global Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028

Figure 5        Global Sustained Release Coatings Market Share, By Type, By Value, 2018-2028

Figure 6        Global Sustained Release Coatings Market Share, By Application, By Value, 2018-2028

Figure 7        Global Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028

Figure 8        Global Sustained Release Coatings Market Share, By Region, By Value, 2018-2028

Figure 9        North America Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028

Figure 10       North America Sustained Release Coatings Market Share, By Type, By Value, 2018-2028

Figure 11       North America Sustained Release Coatings Market Share, By Application, By Value, 2018-2028

Figure 12       North America Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028

Figure 13       North America Sustained Release Coatings Market Share, By Country, By Value, 2018-2028

Figure 14       Europe Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028

Figure 15       Europe Sustained Release Coatings Market Share, By Type, By Value, 2018-2028

Figure 16       Europe Sustained Release Coatings Market Share, By Application, By Value, 2018-2028

Figure 17       Europe Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028

Figure 18       Europe Sustained Release Coatings Market Share, By Country, By Value, 2018-2028

Figure 19       The Asia-Pacific Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028

Figure 20       The Asia-Pacific Sustained Release Coatings Market Share, By Type, By Value, 2018-2028

Figure 21       The Asia-Pacific Sustained Release Coatings Market Share, By Application, By Value, 2018-2028

Figure 22       The Asia-Pacific Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028

Figure 23       The Asia-Pacific Sustained Release Coatings Market Share, By Country, By Value, 2018-2028

Figure 24       Latin America Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028

Figure 25       Latin America Sustained Release Coatings Market Share, By Type, By Value, 2018-2028

Figure 26       Latin America Sustained Release Coatings Market Share, By Application, By Value, 2018-2028

Figure 27       Latin America Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028

Figure 28       Latin America Sustained Release Coatings Market Share, By Country, By Value, 2018-2028

Figure 29       The Middle East & Africa Sustained Release Coatings Market Size, By Value (USD Million), 2018-2028

Figure 30       The Middle East & Africa Sustained Release Coatings Market Share, By Type, By Value, 2018-2028

Figure 31       The Middle East & Africa Sustained Release Coatings Market Share, By Application, By Value, 2018-2028

Figure 32       The Middle East & Africa Sustained Release Coatings Market Share, By Polymer Material, By Value, 2018-2028

Figure 33       The Middle East & Africa Sustained Release Coatings Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         Global Sustained Release Coatings Market Size, By Type, By Value, 2018-2028

Table 2         Global Sustained Release Coatings Market Size, By Application, By Value, 2018-2028

Table 3         Global Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028

Table 4         Global Sustained Release Coatings Market Size, By Region, By Value, 2018-2028

Table 5         North America Sustained Release Coatings Market Size, By Type, By Value, 2018-2028

Table 6         North America Sustained Release Coatings Market Size, By Application, By Value, 2018-2028

Table 7         North America Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028

Table 8         North America Sustained Release Coatings Market Size, By Country, By Value, 2018-2028

Table 9         Europe Sustained Release Coatings Market Size, By Type, By Value, 2018-2028

Table 10        Europe Sustained Release Coatings Market Size, By Application, By Value, 2018-2028

Table 11        Europe Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028

Table 12        Europe Sustained Release Coatings Market Size, By Country, By Value, 2018-2028

Table 13        The Asia-Pacific Sustained Release Coatings Market Size, By Type, By Value, 2018-2028

Table 14        The Asia-Pacific Sustained Release Coatings Market Size, By Application, By Value, 2018-2028

Table 15        The Asia-Pacific Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028

Table 16        The Asia-Pacific Sustained Release Coatings Market Size, By Country, By Value, 2018-2028

Table 17        Latin America Sustained Release Coatings Market Size, By Type, By Value, 2018-2028

Table 18        Latin America Sustained Release Coatings Market Size, By Application, By Value, 2018-2028

Table 19        Latin America Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028

Table 20        Latin America Sustained Release Coatings Market Size, By Country, By Value, 2018-2028

Table 21        The Middle East & Africa Sustained Release Coatings Market Size, By Type, By Value, 2018-2028

Table 22        The Middle East & Africa Sustained Release Coatings Market Size, By Application, By Value, 2018-2028

Table 23        The Middle East & Africa Sustained Release Coatings Market Size, By Polymer Material, By Value, 2018-2028

Table 24        The Middle East & Africa Sustained Release Coatings Market Size, By Country, By Value, 2018-2028

Table 25        BASF SE Company Overview

Table 26        BASF SE Financial Overview

Table 27        Evonik Industries Company Overview

Table 28        Evonik Industries Financial Overview

Table 29        Coating Place, Inc. Company Overview

Table 30        Coating Place, Inc. Financial Overview

Table 31        Panchsheel Organics Ltd., Company Overview

Table 32        Panchsheel Organics Ltd., Financial Overview

Table 33        Meenaxy Pharma Pvt Ltd Company Overview

Table 34        Meenaxy Pharma Pvt Ltd Financial Overview

Table 35        Oxford Ltd Company Overview

Table 36        Oxford Ltd Financial Overview

Table 37        Aurora Company Overview

Table 38        Aurora Financial Overview

Table 39        Merck KGaA Company Overview

Table 40        Merck KGaA Financial Overview

Table 41        SEPPIC Company Overview

Table 42        SEPPIC Financial Overview

Table 43        Ashland Company Overview

Table 44        Ashland Financial Overview

Table 45        G. M. Chemie Pvt. Ltd Company Overview

Table 46        G. M. Chemie Pvt. Ltd Financial Overview

Table 47        Laboratoria Wolfs Company Overview

Table 48        Laboratoria Wolfs Financial Overview

Table 49        Apv Engineered Coatings Company Overview

Table 50        Apv Engineered Coatings Financial Overview

Table 51        Tris Pharma Company Overview

Table 52        Tris Pharma Financial Overview

Table 53        Correlimage Company Overview

Table 54        Correlimage Financial Overview