Global Sustained Release Coatings Industry Research Report 2023: A Market Valued at $567.21 Million in 2022 – Market Size, Share, Trends, Opportunity, and Forecasts, 2018-2028F

Dublin, Feb. 01, 2024 (GLOBE NEWSWIRE) — The “Sustained Release Coatings Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” report has been added to ResearchAndMarkets.com’s offering.

The Global Sustained Release Coatings Market was valued at USD567.21 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 4.29% through 2028.

Sustained-release coatings are specially designed to release drugs in the body over a controlled period of time. These coatings often utilize polymer materials such as polyvinyl, cellulose acetate, methacrylic acid, ethyl and methyl cellulose, polyethylene glycol, and others. They play a crucial role in the production and development of various pharmaceutical forms, including tablets, capsules, pills, and more.

The growing demand for controlled drug delivery is a key factor driving the market’s growth. This is further fueled by advancements in technology and development of sustained-release coating techniques. Additionally, government support, a thriving economy, and the expiration of patents, along with the need for pediatric and geriatric dosage forms, are among the major driving forces in the sustained-release coating market.

Moreover, the market is witnessing an increase in research and development activities, leading to the development of advanced technologies that tap into niche markets. These factors collectively create new opportunities for the sustained-release coating market in the forecast period.

However, it is important to note that the high cost associated with the microencapsulation process is a significant challenge. This, along with other factors, may act as restraints to the growth of the sustained-release coating market in the mentioned forecast period.

Key Market Drivers

Growing Demand of Sustained Release Coatings in Food & Beverage Industry:

• Sustained release coatings are used to control the release of flavors, sweeteners, and active ingredients, enhancing product taste, texture, and shelf life.
• They play a pivotal role in functional foods and beverages, optimizing the absorption of beneficial compounds.
• The demand for these coatings is driven by consumer preferences for healthier choices and additional health benefits.
• Innovation in food and beverage formulations creates opportunities for advanced coating solutions.
• Ensuring product quality and shelf life further fuels demand for sustained release coatings.

Growing Demand of Sustained Release Coatings in Pharmaceutical Industry:

• In the pharmaceutical industry, sustained release coatings are crucial for controlled drug delivery.
• They enable consistent medication dosing over time, improving patient compliance.
• The rise in chronic diseases necessitates long-term medication regimes, and sustained release coatings simplify dosing schedules.
• The trend towards personalized medicine boosts the demand for tailored release profiles.
• These coatings are essential for creating more effective and patient-friendly medications.

Key Market Challenges: Rise in Quality Control and Testing:

• Rigorous quality control and testing are crucial for ensuring coating effectiveness and safety.
• Small players may struggle with the financial burden of investing in advanced testing equipment and skilled personnel.
• Thorough testing can potentially delay product development and market launch, affecting competitiveness.
• Evolving regulatory standards add complexity to compliance efforts.

Key Market Trends: Growing Demand of Biodegradable and Eco-Friendly Coatings:

• Biodegradable and eco-friendly coatings are gaining popularity due to environmental concerns.
• Consumer awareness and regulatory pressures drive demand for sustainable options.
• Advancements in technology make the production of such coatings more accessible and cost-effective.
• Biodegradable and eco-friendly coatings align with consumer preferences and sustainability goals.

Segmental Insights: Material Type Insights:

• Polyvinyl alcohol (PVOH) is the dominant material in sustained release coatings in the pharmaceutical industry.
• PVOH coatings maintain medication stability and exhibit low moisture uptake rates, ensuring drug efficacy.
• The global demand for PVOH is driven by its versatility and effectiveness.

Segmental Insights: Application Insights:

• The in vitro application segment is expected to experience rapid growth.
• Increased drug production, complex drug formulations, and the need for controlled release drive the demand for sustained release coatings.
• These coatings are essential in achieving high sustained release action and drug bioavailability.

Regional Insights:

• North America holds the largest market share in the global sustained release coatings market.
• The pharmaceutical sector in the United States, Canada, and other North American countries is a significant driver of demand.
• High investments in pharmaceutical research and development, generic drug manufacturing, and medical advancements contribute to the region’s growth.
• An aging population and a focus on healthcare further boost the market in North America.

Key Attributes:

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Sustained Release Coatings Market.

• BASF SE
• Evonik Industries AG
• Colorcon, Inc.
• Coating Place, Inc.
• Mylan N.V.
• Pfizer, Inc.
• Novartis AG
• GlaxoSmithKline plc
• Sun Pharmaceutical Industries Ltd.
• Eastman Chemical Company

Report Scope:

Sustained Release Coatings Market, By Material Type:

• Ethyl & Methyl Cellulose
• Polyvinyl Alcohol
• Methacrylic Acid Copolymer
• Cellulose Acetate
• Others

Sustained Release Coatings Market, By Application:

Sustained Release Coatings Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia-Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE
• Kuwait
• Turkey
• Egypt

For more information about this report visit https://www.researchandmarkets.com/r/1kpbt8

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• Global Sustained Release Coatings Market