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Sustained-Release Coatings market is estimated to grow at a CAGR of 6.8% during the forecast period of 2023-2030 : Cognitive Market Research
Sustained-Release Coating market is estimated to grow at a CAGR of 6.8% during the period of 2023-2030 : Cognitive Market Research
- Sustained release is specially designed so that they can release the drug in the body during a limited period of time. They generally use polymer materials such as polyvinyl and cellulose acetate, ethyl and methylcellulose, methacrylic acid, polyethylene glycol, and others. They are primarily designed for the development and manufacturing of tablets, capsules, and other types of medications.
Summary
• The Global Sustained-Release Coating market size reached USD 518.2 million in 2022 and will reach a CAGR of 6.8% during the forecast period (2023-2030).
• North America region is forecasted to dominate the growth of the global sustained-release coating market with the highest revenue share.
"To know more about The Sustained Release Coatings Market statistics click here: https://www.cognitivemarketresearch.com/sustained-release-coatings-market-report
Market Dynamics:
- An increase in the demand for controlled drug delivery is the major factor that drives the demand for the global sustained-release coating market. In addition, growth in technological development and expansion in sustained release coating dominates the global market growth. Additionally, a growing economy, an increase in patent expirations, and the adoption of regulations for pediatric and geriatric measurement structures are boosting the market for sustained-release coatings. Furthermore, an increase in the research and development activities by the major market players will provide the opportunity for the growth of the global market.
However, the high cost related to the microencapsulated process may hamper the growth of the sustained-release coating market.
Market Segmentation:
Polymer Material Type:
• Methacrylic Acid
• Polyethylene Glycol
• Polyvinyl & Cellulose Acetate
• Ethyl & Methyl Cellulose
• Others
Based on material type, the global market is segmented into Polyvinyl & Cellulose Acetate, Methacrylic Acid, Ethyl & Methyl Cellulose, Polyethylene Glycol, and others. Ethyl & Methyl Cellulose segment dominates the global market due to increasing its use as a moisture barrier and taste masking application.
Application:
• In Vitro
• In Vivo
Based on application, the global market is segmented into in vitro, and in vivo. The in vitro segment dominates the growth of the global sustained-release coating market. This is attributed to increasing spending on pharmaceutical companies in research and development
Substrate:
• Capsules
• Pills
• Tablets
Based on substrate, the global market is segmented into capsules, tablets, and pills. The tablet segment is forecasted to dominate the global market, due to its cost efficiency, faster production, and dominant position in pharmaceuticals.
The Major Players in Sustained Release Coating Market are:
Evonik, BASF SE, Colorcon, Coating Place Inc., Panchsheel Organics Ltd., Eastman Chemical Company, G.M. Chemie Pvt. Ltd., Ashland, Spraycel Coatings, JRS PHARMA, Merck KGaA, Panacea Biotec
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Regional Analysis:
- North America has the highest revenue share in the global sustained-release coating market.
North America region is forecasted to dominate the growth of the global sustained-release coating market with the highest revenue share. This is attributed to the rising demand for microencapsulated capsules, tablets, and pills drives the demand for the target market. Furthermore, Asia Pacific is forecasted to dominate the target market in terms of growth rate. This is attributed to the growth in technological improvement, expansion in sustained release coating, increase in government support, and rising economy a dominate the growth of the global market in the country in the region
Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Sustained Release Coatings Market
Chapter 4 Global Sustained Release Coatings Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Sustained Release Coatings Market by Polymer Material Type Segmentation Analysis (2018-2030)
Chapter 10 Global Sustained Release Coatings Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Sustained Release Coatings Market by Substrate Segmentation Analysis (2018-2030)
Chapter 12 Global Sustained Release Coatings Market Regional Analysis
• 12.1 Detailed Qualitative Analysis
• 12.2 Global Sustained Release Coatings Market Revenue by Region (2018-2030)
• 12.2 Global Sustained Release Coatings Market Share (%) by Region (2018-2030)
Chapter 13 North America Sustained Release Coatings Market Outlook (2018 - 2030)
Chapter 14 Europe Sustained Release Coatings Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Sustained Release Coatings Market Outlook (2018 - 2030)
Chapter 16 Latin America Sustained Release Coatings Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Sustained Release Coatings Market Outlook (2018 - 2030)
Chapter 18 Research Findings
• 18.1 Key Takeaways
• 18.2 Analyst Point of View
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about Sustained Release Coating Market TOC click here: https://www.cognitivemarketresearch.com/sustained-release-coatings-market-report#table_of_contents
Related Report
• Tablet Coatings Market - https://www.cognitivemarketresearch.com/tablet-coatings-market-report
• Sustained Release Excipients Market - https://www.cognitivemarketresearch.com/sustained-release-excipients-market-report
• Release Coating Market - https://www.cognitivemarketresearch.com/release-coating-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operating across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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