New Delhi, March 22, 2022 (GLOBE NEWSWIRE) — The growth of the market may be attributed to the increased demand for microencapsulated products and pharmaceutical products for effective patient treatment and the increasing need for sustained release coatings in cancer and brain tumor specific drug delivery…
A recent study by the strategic consulting and market research company; BlueWeave Consulting revealed that the global Delayed Release Coatings Market was worth USD 494.2 million in 2021 and is expected to reach USD 770.6 million by 2028, growing at a CAGR of 6.9% (2022-2028). With the increasing demand for microencapsulated products, several companies are investing heavily in R&D, thereby contributing to the growth of the sustained release coatings market. New technologies such as Sustained-release coatings, for example, are required to develop specialized markets for the delivery of cancer and brain tumor-specific drugs.
Rising new product launches are contributing to the growth of the sustained release coatings market
New product launches are one of the key strategies pursued by the major players in the global Sustained Release Coatings Market. In addition, large companies are also focusing on entering new markets by launching technologically advanced and innovative sustained-release coating products for various applications. North American companies are recognized as the most active region in terms of strategic initiatives in recent years. For example, Colorcon has expanded its coatings portfolio with a range of modified release products based on DuPont’s Aquacoat technology. Aquacoat ECD, an extended release colloidal dispersion of ethyl cellulose polymer, is part of the product line. Solid dosage pharmaceutical and nutritional applications will both benefit from the coatings. Similar innovations in the industry are expected to propel the market growth of the global Sustained Release Coatings Market.
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Targeted action properties fuel growth of sustained release coatings worldwide
Demand for sustained release coatings is growing in the pharmaceutical industry due to the need to target the desired site, improving treatment and resulting in very little or no side effects. As a result, it is predicted that the development of drugs based on sustained-release coatings will increase the demand for sustained-release coatings for effective and precise delivery of active ingredients. Pharmaceutical companies use sustained-release coating technology to mask the bitter taste or odor of drugs and promote targeted and controlled distribution. The above advantages make the market for sustained release coatings for the pharmaceutical industry very profitable and drive the market expansion.
The tablet segment is expected to see tremendous growth in the coming years
Increasing demand for pharmaceutical products and microencapsulated products is fueling the growth of the tablet segment. The entire sustained release coating market is forecast to dominate the tablet segment. The development of mini-tablets is a prominent trend in this market and has numerous advantages due to its numerous intra-individual variability. Other improvements in this industry include the use of solvents during production, adaptable sustained release systems, immediate release tablet systems, modified release tablet formulations and technologies.
Here is the Sustained Release Coatings Market Press Release: https://www.blueweaveconsulting.com/press-release/sustained-release-coatings-market-to-reach-usd-770-million-by-2028
Impact of COVID-19 on the Sustained Release Coatings Market
During the pandemic, the demand for dragees increased enormously. Governments and pharmaceutical and biotech companies around the world are working non-stop to fight the COVID-19 pandemic. As a result, production and demand for tablet coatings has skyrocketed. Demand for COVID-19 treatments for commonly used drugs like hydroxychloroquine has skyrocketed. With many rich countries experiencing shortages of these drugs, the increasing demand has provided tremendous opportunities for manufacturers of drugs to treat COVID-19.
North America is expected to maintain its position in the global Sustained Release Coatings market during the forecast period
The Sustained Release Coatings market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for sustained release coatings among these regions and is expected to remain so during the forecast period. The sustained release coatings market is growing due to the increasing demand for microencapsulated tablets, capsules and pills. The sustained-release coatings market is expected to grow steadily due to the presence of a large number of pharmaceutical giants and significant investments in the development of novel drugs and drug delivery systems.
The major 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, GM Chemicals Pvt. Ltd and other prominent players. Players maintain their dominance in the market by investing in launching improved products and services to customers. Different applied strategies refer to strategic alliances and cooperations. Key marketing strategies used by players are new launches, collaborations, and partnerships to expand their customer reach.
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The in-depth analysis of the report provides information about growth potential, upcoming trends and the global Sustained Release Coatings market statistics. It also highlights the factors driving overall market size forecasts. The report promises to provide latest technology trends in the global Sustained Release Coatings market as well as industry insights to help decision makers to make informed strategic decisions. In addition, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
The latest development
- January 2022: Dosing of Depakote and Depakote ER – Depakote is available in DR (delayed-release) pills and powder capsules. Depakote Extended-Release (ER) is available in tablet form. Divalproex sodium, a generic version of the drug, is also available. Depakote and Depakote ER belong to the class of antiepileptic drugs.
- April 2019: Colorcon Inc. has expanded its coatings portfolio with a line of modified release products based on DuPont’s Aquacoat technology. Aquacoat ECD, an extended release colloidal dispersion of ethyl cellulose polymer, is part of the range. Both pharmacological and nutritional solid dosage applications will benefit from the coatings.
Scope of the report:
|years taken into account||Historical data – 2018-2021|
|Base year – 2021|
|Forecast – 2022 – 2028|
|facts covered||Revenue in million USD|
|market coverage||United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, United Arab Emirates, South Africa|
|Product/Service Segmentation||By type, polymer material, application and region|
|key figures||Key market players include BASF SE, Evonik Industries, Colorcon, Coating Place, Inc, Panchsheel Organics Ltd., sbpanchal., Meenaxy Pharma Ltd., LFA Machines Oxford LTD, Aurora, Merck KGaA, SEPPIC, Ashland, GM Chemie Pvt. Ltd and other prominent players.|
By polymer material
- ethyl and methyl cellulose
- polyvinyl and cellulose acetate
- methacrylic acid
- North America
- Asia Pacific
- South America
- Middle East and Africa
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