Sustained Release Coatings Market to be Valued USD 870.17 Million During Forecast Period
According
to TechSci Research report, “Global Sustained Release
Coatings Market By Polymer Material Type (Ethyl & Methyl Cellulose,
Polyvinyl Alcohol, Methacrylic Acid Copolymer, Cellulose Acetate, Others), By
Application (In Vitro and In Vivo), By Substrate Type (Tablets, Capsules, Pills,
Pellets and Multiparticulate Powder), By Region, Competition, Forecast &
Opportunities, 2025”, global sustained release coatings market was valued
USD 562.51 Million in 2019 and is expected to grow at a CAGR of 7.80% over the
forecast period. Surging
requirement for sustained release coatings in cancer and brain tumor-specific drug delivery is
one of the major factors contributing to the growth of global
sustained release coatings market across the globe. Moreover, growing usage of
sustained release coatings in capsules, tablets among others is further
expected to bode well for the growth of global sustained release coatings during
the forecast years. In addition to this, awareness pertaining to the additional
benefits provided by sustained release formulations as it helps lessens the
dosage frequency and improves patient compliance, is projected to positively
influence the growth of global sustained release coatings market in the years
to come. Also, increasing support from the government coupled with technological
advancements in the healthcare industry is making headway for the growth of global
sustained release coatings market across various developing economies. However,
some of the factors due to which market might get subdued are high cost and
alcohol dose dumping.
Browse 12 market data Tables and 204
Figures spread through 206 Pages and an
in-depth TOC on " Global Sustained Release
Coatings Market "
https://www.techsciresearch.com/report/sustained-release-coatings-market/4518.html
Global
sustained release coatings market can be segmented based on polymer material
type, application, substrate type, and
region. Considering the polymer material type, the market is fragmented into ethyl
& methyl cellulose, polyvinyl alcohol, methacrylic acid copolymer,
cellulose acetate, others. The ethyl & methyl cellulose segment dominated
the global sustained release coatings market with share of 62.14% in 2019 and
is further anticipated to lead the market during the forecast years as they are
favored over other materials owing to their use as a moisture barrier as well
as in sustained release and taste-masking applications.
BASF
SE, Evonik Industries Inc, Colorcon Inc, Ideal Cures Pvt. Ltd., Shin-Etsu
Chemical Co. Ltd., Kerry Group plc, BIOGRUND GmbH, Seppic SA, Torrent
Pharmaceuticals Limited, and Tianjin ILE Pharmaceutical Materials Co., Ltd are
among others are the leading players operating in global sustained release
coatings market. The leading players are adopting several growth strategies to
enhance the market scenario of sustained release coatings. Other competitive
strategies include mergers & acquisitions to diversify their product
portfolio in order to strengthen their market position.
Download Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4518
customers can
also request for 10% free customization on this report.
“Asia Pacific led the global sustained release coatings market in 2019
and the trend is likely to continue through 2025. Presence
of large economies such as India and China, exponential growth in
pharmaceuticals sector due to cheap labor, favorable government policies and vast infrastructure are providing conducive
environment for doing business in the region. Besides, due to increasing prevalence of diseases such as
diabetes and other lung diseases, companies are increasing their focus in the
Asia Pacific region, which is consequently driving the growth of the region.”,
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Global Sustained Release
Coatings Market By Polymer Material Type (Ethyl & Methyl Cellulose,
Polyvinyl Alcohol, Methacrylic Acid Copolymer, Cellulose Acetate, Others), By
Application (In Vitro and In Vivo), By Substrate Type (Tablets, Capsules,
Pills, Pellets and Multiparticulate Powder), By Region, Competition, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of global sustained release coatings market
and provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global sustained release coatings market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email:
[email protected]